Wednesday, February 1, 2017

Nanny Tax Requirements (State by State Guide)

One of the big benefits of starting your own business is often the flexibility that being the boss allows when it comes to your children's schedules. But when you first start the company, you'll often be working longer hours than you ever anticipated. For some people who choose to go that route, hiring a nanny can be a good way to make sure your children are taken care of.

This week I came across a good site that allows you to see the tax and labor law for your state when you hire a nanny:


You can choose your state and it will give you a summary of how your state's laws treats your nanny, including their Worker Classification, Tax Responsibilities, Labor Law Requirements and Insurance. It also includes a Budget Calculator for you to examine the financial impact the nanny will have on your home budget.

If you are preparing to hire a nanny for the first time, or just want to make sure that your current situation is checking all the requirements, check out the website for some good answers.

No comments:

Post a Comment