"If you don't get the right guidance or help at the beginning, you could find it's more expensive than you thought, said Breedlove.
This will spell out how much you paid your employee(s) and the applicable unemployment, Social Security and Medicare taxes paid.Ĭonsider either working with an accountant or using payroll software - such as NannyPay or HomePay - to stay on top of your tax obligations as an employer.
Form W-4: A withholding allowance certificate that you'll need from your employee if you withhold federal income taxes.Your employee will need to provide documentation to prove their identity. Get Nanny Pay Hard Porn, Watch Only Best Free Nanny Pay Videos and XXX Movies in HD Which Updates. Form I-9: This is used for verifying the identity and employment authorization of your worker.Here's the paperwork you'll need for your employee and the IRS: "It's always easier to do it right from the get-go," said Breedlove. NannyPay is a payroll/empoyment facilitation service that takes the guesswork out of domestic employment for families. NannyPay® is a payroll program designed specifically with the needs of the household employer in mind. Consider drafting an employment contract so that you can address sick days, vacation time and other details. NannyPay Payroll Software, Collegeville, PA.
Social security adjustments: Whenever you cut a payment, NannyPay automatically removes Social Security and Medicare taxes before sending it to your employee. Users can trust that any information transmitted to the IRS using this feature will remain secure. If you want to avoid the headache of paying back taxes, it's best to formalize your relationship with your caregiver. Filing: A sophisticated tax reporting module comes built into NannyPay's main dashboard.