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Highly recommend a payroll service for this, like Poppins. It costs like $50/mo for a single employee, which is rounding error on nanny wages, and they do all
by loeg 3y ago
Highly recommend a payroll service for this, like Poppins. It costs like $50/mo for a single employee, which is rounding error on nanny wages, and they do all the withholding and state tax filing for you. Then give you instructions on how to fill out federal tax Schedule H on your personal taxes (1040).
I did it manually the first time around and it was a pain in the ass.
- nkrisc 3y agoYes, I wish I had known about this before. In our case we weren’t hiring a full-time nanny, but a regular part-time babysitter (16 hrs/week) just often enough that we met the criteria for needing to file and all that, so payroll services would be a more significant part of the total we ended up paying for wages.
- cmeacham98 3y agoYou employed someone for 64 hours a month and $50 would be a significant part of the total wages?
- nkrisc 3y agoNo. I said “more significant”, relative to full time employment. It would have been around 5% extra per month, so it’s not nothing. With the hindsight I have now it would have been much cheaper for us than it turned out to be, but that’s still extra money I’m paying simply because complying with the law is as complex as it is, and I’m not running a business, just hiring a part-time caretaker.