The No-work, No-worry Solution to Paydays, Tax Time and All Points in Between
We’ve taken the work and worry out of the household employment obligations by partnering with HomePay, the nation’s most respected household employment payroll & tax specialist.
We know families today have a lot going on and the thought of figuring out nanny taxes can be stressful and confusing to parents. Many families decide to pay their nanny “under the table” in order to save themselves the trouble of figuring it out and to avoid the hassle of paperwork. While this does save time and effort, it is illegal and not fair to your nanny. The good news is that nanny taxes don’t have to be an overwhelming prospect!
We recommend HomePay to all of our clients when they come to us with payroll and tax-related questions. They have been in business since 1992, offering comprehensive household payroll and tax services to families nationwide.
HomePay’s Comprehensive, Guaranteed Service Handles All Your “nanny Tax” Obligations
-
Register for federal and state tax accounts
-
Complete and file New Hire Report
-
Calculate the correct amount of taxes to withhold each pay period
-
Track gross pay, net pay, and taxes withheld
-
Prepare state tax returns and remit taxes quarterly
-
Prepare federal tax estimates four times per year and remit both the employer and employee taxes
-
Prepare year-end summaries to state tax agencies
-
Prepare Form W-2 and distribute to your employee (and any former employees who had wages during that calendar year)
-
Prepare Form W-3 and send to the Social Security Administration (along with Form W-2 Copy A)
-
Prepare Schedule H to accompany your personal federal income tax return
-
Respond to IRS and state notices/inquiries
-
Monitor ever-changing household employment tax law