Penalties of Paying Under-The-Table Paying off-the-books is tax evasion which is subject to fines, back taxes, interest, and even prison time. The amount you owe to the IRS, if you don’t file, is penalized at 47.5% interest (22.5% for late filing and 25% of the total for not filing). To collect monies owed, the IRS […]
Yesterday we listed some of the benefits for nannies that are paid legally (AKA on-the-books). Now that you know the importance of tax compliance, be sure to let your employer know they can benefit by by paying their nanny legally as well. Here are some benefits for families who pay their household employees legally: Using […]
It’s tax season and time to remind nannies the benefits of being paid on-the-books. No one likes paying taxes, and certainly many nannies don’t in part due to the fact that nannies don’t insist their employer’s are tax compliant because they don’t realize the benefits of being paid-on-the-books. Here are some of the benefits to […]
Weekly Trip to the Library for Nannies and Au Pairs In many parts of the world, spring brings rain. After reading books about rain (see below) teach your charges about the parts of the water cycle: precipitation, collection, evaporation, and condensation. Make a terranium to show the cycle of rain. Get a small plastic container […]
Organize, Don’t Agonize Don’t Be Lax on Tax: If you feel stressed-out or panicked by the prospect of filing taxes, we suggest a list of lists to enable you to direct your energies properly. Do you get aggravated when it is time to file your tax forms? Do you struggle to gather the proper information? […]
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