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2008 Nanny Survey: Withholding Taxes
"no, but that's because she doesn't make enough to have to withhold anything - might want to reword that question b/c results may not be accurate"
"we gross up her pay so that her hourly income is her net pay, as if we withheld from a hypothetical higher salary."
"We paid at the end of the year, but will withhold this year"
"we were told by our tax advisor that because she cares for her own child, too, that she can be considered a contractor rather than employee"
Agency does this.
I let her pay her own personal income tax.
in proportion with the above.
On 40 hours only
Our CPA advised it is too complicated and not to do it.
Our nanny asked that we not do withholding.
See above (the other family does this for the portion that is reported)
See above explanation.
She pays her own taxes. We pay more so that she can do this.
the agency withholds taxes
The au pair agency takes care of this
This is very easy with a service like paycycle.com
Up to the $5K/year amount.
We gave her the option but she wanted to do it this way so she wouldn't have to deal with figuring out what she owed herself.
we haven't decided if we're going to do that yet.
we pay all of the taxes
We pay all the taxes and social security so she takes home $15 per hour
We use Breedlove (an online nanny tax agency)
we're using paycycle.com; i think we do but am unsure.
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