Monday, July 17, 2006
Paying your Nanny legally means that you won't risk being discovered later and your nanny will be eligible for benefits like unemployment insurance. Many people choose to use a payroll service to pay their nanny.
Here are the pros and cons of using a payroll service:
The payroll service will charge you a fee on top of what you pay the nanny.
The payroll service will handle all the details of correctly calculating what taxes are owed and giving you and the nanny the information you need at the end of the year.
The payroll service is aware of local rules and regulations regarding taxes and can help you with tax planning.
The payroll service may offer convenient services like direct deposit.
posted by cedar
@ 1:45 AM
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