GLENVIEW, IL --(Marketwired - August 10, 2016) - Busy working parents are increasingly hiring nannies that make a median salary of nearly $20,000 per year*. As more American families seek this level of care for their children, they have to answer difficult questions about how to handle payments, taxes and federal requirements.
SurePayroll, a nationwide payroll services provider, recently released a comprehensive guide to nanny payroll , covering nanny tax requirements, how to avoid penalties and fines, protecting yourself as a household employer, and providing your nanny with the proper tax withholdings and forms.
Many people hiring nannies may not be aware of the following:
- If you pay a nanny more than $2,000 a year or $1,000 in a quarter, the IRS considers you a household employer responsible for payroll taxes.
"When parents find this out, they want to do the right thing to protect themselves and their nanny, who has the hugely important role of taking care of their kids," said SurePayroll General Manager Andy Roe. "With that, there are a lot of complicated requirements around what forms to file and what taxes to withhold from a paycheck, as well as possible tax credits that may be available. Our nanny payroll guide covers all that in great detail."
The nanny payroll guide is available for free on the SurePayroll website .
The company also provides an automated service that pays and files nanny taxes on parents' behalf. To learn more, visit SurePayroll's nanny payroll page .
About SurePayroll
SurePayroll is the trusted provider of easy online payroll services to small businesses and households nationwide. Whether a business has 1, 10, or 100 employees, SurePayroll delivers peace of mind by combining innovative, industry-leading technology and personalized support from an award-winning, U.S.-based customer care team. SurePayroll also provides private-label and co-branded services for accountants and banking partners as well as offering efficient online solutions for managing 401(k) plans, health insurance, workers' compensation, employee screening and more. SurePayroll is a wholly owned subsidiary of Paychex. For more information, please visit www.SurePayroll.com . Follow us on Twitter - Circle us on Google+ - Connect with us on LinkedIn - Like us on Facebook .
About Paychex Paychex, Inc. (
*Data courtesy of the U.S. Bureau of Labor Statistics
Contact: Stefan Schumacher Stefan.Schumacher@surepayroll.com 847-676-8420 x7173
