![]() If you work as a nanny, self-employed babysitter, or other household caregiver - or you employ one - you'll want to know how to properly prepare your taxes. If you're the employer of a household employee, you have a responsibility to withhold and pay certain taxes on their behalf, including the "nanny tax." This is because the IRS partially determines your employee status by the level of control and direction your employer provides.Īs a result, you have an employer-employee relationship in the eyes of the IRS. If you're a nanny or other worker who cares for others' children in their employer’s home and you have specific job duties assigned to you, the IRS considers you a household employee, not an independent contractor. Per Hour Fee for Year-end Corrections to State or Federal Forms (After February 28) $75.For information on the third coronavirus relief package, please visit our “ American Rescue Plan: What Does it Mean for You and a Third Stimulus Check” blog post. Replacement of Quarterly/Annual Reports $35.00Īdjustments to Set-Up After First Payroll is Processed $100.00īase Fee for Year-end Corrections to State or Federal Forms (After February 28) $300.00īase Fee for Year-end Corrections to State or Federal Forms (Before February 28) $200.00 Non-Sufficient Funds (After 3rd NSF) $400.00 Per Hour Fee for Government Audit Support (non-tax guarantee related, meaning we are still responsible for correcting any errors on our end and paying any fees incurred by our mistake.) $75.00 Missing EIN/State Tax ID Account # $50.00ĭirect Deposit Returned (deposit returned from financial institution) $50.00įiling Fees for Reports After Termination $50.00 Over 2 Employees: $6/per employee per month plus $5 added to annual filing fee per employee But we don’t keep your account open for keeping your account open’s sake, as a way to add more revenue. Sometimes we need to keep your account open when you are done with payroll in order to make a tax payment or filing. We don’t lock you in to annual or quarterly contracts. Also, we are very consumer-friendly in that we don’t charge you longer than we need to. But the best in premium service offerings (above) at a good price. ![]() Most of you are very successful, often dual-income earners, and you didn’t get where you are financially by throwing your money away. Just because you are hiring a nanny does not mean you are a billionaire. We know our demographic so well here (because we are the demographic!). Email and chat is also available to enrolled clients.Ĭost. That is why enrolled accounts can access client support from our friendly Midwestern United States support team from 8 a.m. We want all of you to have the same advantages in accessing our service. ![]() Wide range of options to assist you! We are based in California but enjoy serving clients all over the United States. And, you guessed it, if we are responsible for your forms you know we are going to pay extra attention to make sure everything goes smoothly, and your forms are filed correctly and on time.Ĭlient Support. Again, one less thing for you to do means one less opportunity for you to forget or make a mistake. Tax Form Filing done for you with no extra steps! Aside from your annual Schedule H form which we prepare but you file as it is filed with your 1040 Income tax return, other state and federal forms are filed by us, without you lifting a finger, using Power of Attorney. And you know what else? Payroll services that impound are more doggedly precise about getting your tax information right because we are on the hook if something goes wrong with making that payment. ![]() And any time you add even one more step a client has to make to fulfill payroll/tax liabilities, that is one more step where you can forget or make a mistake. Why is this important? Well not every payroll service does this. In the industry this is called “payroll impounding”. With Savvy Nanny Payroll Services, your taxes will be paid for you, as you go, each time you run payroll. Here are five good reasons, off the top of our heads, why you should go with us. You have scrolled this far and still have no idea…Are we better or worse than the rest?
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |