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Paying your nanny under the table comes with financial and professional consequences. IRS fines and penalties can add up, plus you may harm your professional reputation. Click through this presentation to see two important items you need to know.
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Why You Shouldn’t
Pay Your Nanny
Under the Table
A Moral Dilemma with
Financial & Professional
Consequences
You May Think That Paying Under the Table Saves You Money.
However, the Price Tag is High.
*Glassdoor.com.
“Families who do not pay their household staff legally are playing with fire.”
“They are vulnerable on a number of levels. Instances of work-related injury,
unemployment-insurance claims, wrongful-termination claims and overtime-
compensation claims are a few examples of areas of exposure that can
easily, and often do, open up huge cans of worms, resulting in huge
penalties and, occasionally, criminal charges, too,” says Cliff Greenhouse,
president of Pavilion Agency and the Nanny Authority.
*Glassdoor.com.
• There is no statute of
limitations, so long-standing
issues can add up.
• Risk of professional
consequences are steep.
Guidelines for paying the nanny
tax:
• If you pay your nanny $1,900
or more in 2014 or,
• $1,000 or more per quarter.
Easy. Online. SurePayroll.
Avoid hefty IRS fines and use
SurePayroll for your nanny payroll.
