If you’ve hired a nanny, you need to comply with the payroll tax rules, often referred to as the “nanny tax.”
Our advice: Hire a payroll tax service with experience in “nanny tax” compliance. Unless you really like doing paperwork, the payroll service will save you headaches.
But whether you do the payroll tax on the nanny yourself or go to a professional, a healthy dose of knowledge is essential.
The term “nanny tax” is shorthand for a household employer’s employment ... Log in to view full article.