Why Pay Nanny Taxes?
January 5, 2011
In spite of all the prominent people that have had big consequences for not paying nanny taxes, compliance still remains low. What does a family get out of paying their nanny tax?
- Peace of mind. You don’t have to worry about an audit or a disgruntled nanny turning you in.
- Feel good about yourself. Your nanny gives your family so much. Help her out by paying into her Social Security and unemployment and disability insurance.
- The cost is lower than you might think with tax credits and flexible spending accounts
- It’s so easy. A service like Breedlove & Associates takes care of everything and the cost is very reasonable.
So, go ahead and get your new year off to a good start and start paying your nanny taxes!
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