Hiring a nanny

[Anonymous]

We are considering hiring a nanny to watch our 3 year old from 12-6pm (or 2-6). I work from home, but my work load is increasing and I need a few more hours in the afternoon. Does anyone still pay under the table? What kind of taxes need to be included? Will I need an accountant?

Sorry, I am completely new to this.

[Anonymous]

Are you paid under the table? If you treat your nanny like a professional, she will act like one.

[Anonymous]

You don’t need an accountant. There are services that do this fir you online for a pretty low few. They handle all of it - taxes, payroll, ours even tracks PTO.

We use Poppins Payroll.

[Anonymous]

Anonymous wrote:You don’t need an accountant. There are services that do this fir you online for a pretty low few. They handle all of it - taxes, payroll, ours even tracks PTO.

We use Poppins Payroll.

Thank you. Can you please give me an estimate of the actual costs? If we pay her $20 an hour and she works 5 hours a day, that’s $2,000 per month. What are my actual costs? Can you give me an estimate?

Thank you so much!

[Anonymous]

Nannies also want holiday pay, vacation pay, etc. you’re not going to be able to retain someone long term for $20hr unless you live in Arkansas. You’re asking for prime hours.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You don’t need an accountant. There are services that do this fir you online for a pretty low few. They handle all of it - taxes, payroll, ours even tracks PTO.

We use Poppins Payroll.

Thank you. Can you please give me an estimate of the actual costs? If we pay her $20 an hour and she works 5 hours a day, that’s $2,000 per month. What are my actual costs? Can you give me an estimate?

Thank you so much!

You can use home pay to do all this. I don’t feel like you can afford a nanny. Maybe there’s drop in care?

[Anonymous]

Anonymous wrote:Nannies also want holiday pay, vacation pay, etc. you’re not going to be able to retain someone long term for $20hr unless you live in Arkansas. You’re asking for prime hours.

I understand, but I would like an estimate of total cost (including taxes). I am guessing that $20-25 is net, right? If we decide to hire someone, it will be for 12 months and of course it will include paid vacation.

I am just trying to see if we can afford it before I start looking for people to interview.
Thanks

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You don’t need an accountant. There are services that do this fir you online for a pretty low few. They handle all of it - taxes, payroll, ours even tracks PTO.

We use Poppins Payroll.

Thank you. Can you please give me an estimate of the actual costs? If we pay her $20 an hour and she works 5 hours a day, that’s $2,000 per month. What are my actual costs? Can you give me an estimate?

Thank you so much!

You can use home pay to do all this. I don’t feel like you can afford a nanny. Maybe there’s drop in care?

OP here. How is this helpful? You don’t “feel” I can afford it just because I am trying to understand actual costs?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Nannies also want holiday pay, vacation pay, etc. you’re not going to be able to retain someone long term for $20hr unless you live in Arkansas. You’re asking for prime hours.

I understand, but I would like an estimate of total cost (including taxes). I am guessing that $20-25 is net, right? If we decide to hire someone, it will be for 12 months and of course it will include paid vacation.

I am just trying to see if we can afford it before I start looking for people to interview.
Thanks

If you have to ask chances are you can’t afford it. I’d look into daycare I honestly don’t think you can afford the 2000$ a month that no adult can live off of and plus pay taxes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You don’t need an accountant. There are services that do this fir you online for a pretty low few. They handle all of it - taxes, payroll, ours even tracks PTO.

We use Poppins Payroll.

Thank you. Can you please give me an estimate of the actual costs? If we pay her $20 an hour and she works 5 hours a day, that’s $2,000 per month. What are my actual costs? Can you give me an estimate?

Thank you so much!

PP here. You’re welcome! Not sure exactly how this scales down, but we pay $25 per hour in DC, and with payroll taxes, workers comp insurance (required by law in DC) and the poppins payroll fee, we pay an average of about $5,000 a month in total.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You don’t need an accountant. There are services that do this fir you online for a pretty low few. They handle all of it - taxes, payroll, ours even tracks PTO.

We use Poppins Payroll.

Thank you. Can you please give me an estimate of the actual costs? If we pay her $20 an hour and she works 5 hours a day, that’s $2,000 per month. What are my actual costs? Can you give me an estimate?

Thank you so much!

PP here. You’re welcome! Not sure exactly how this scales down, but we pay $25 per hour in DC, and with payroll taxes, workers comp insurance (required by law in DC) and the poppins payroll fee, we pay an average of about $5,000 a month in total.

Sorry, to clarify, that’s for 40 hrs a week.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You don’t need an accountant. There are services that do this fir you online for a pretty low few. They handle all of it - taxes, payroll, ours even tracks PTO.

We use Poppins Payroll.

Thank you. Can you please give me an estimate of the actual costs? If we pay her $20 an hour and she works 5 hours a day, that’s $2,000 per month. What are my actual costs? Can you give me an estimate?

Thank you so much!

PP here. You’re welcome! Not sure exactly how this scales down, but we pay $25 per hour in DC, and with payroll taxes, workers comp insurance (required by law in DC) and the poppins payroll fee, we pay an average of about $5,000 a month in total.

Thank you! So it’s about 25% on top of salary. We are foreigners and diplomats so I have no experience with this. Thanks!

[Anonymous]

OP not all Nannie’s are trying to “ live on” their income alone. You will probably need to go higher then $20 an hour net for those hours though. For someone who is not a morning person though and maybe just wants a big of extra income it’s not a bad gig. Good luck.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You don’t need an accountant. There are services that do this fir you online for a pretty low few. They handle all of it - taxes, payroll, ours even tracks PTO.

We use Poppins Payroll.

Thank you. Can you please give me an estimate of the actual costs? If we pay her $20 an hour and she works 5 hours a day, that’s $2,000 per month. What are my actual costs? Can you give me an estimate?

Thank you so much!

PP here. You’re welcome! Not sure exactly how this scales down, but we pay $25 per hour in DC, and with payroll taxes, workers comp insurance (required by law in DC) and the poppins payroll fee, we pay an average of about $5,000 a month in total.

Thank you! So it’s about 25% on top of salary. We are foreigners and diplomats so I have no experience with this. Thanks!

PP here. Less, I think. There are an average of 21.7 weekdays in a month. $25 x 8 x 21.7 = $4340. So close to 15%, if my math is right.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You don’t need an accountant. There are services that do this fir you online for a pretty low few. They handle all of it - taxes, payroll, ours even tracks PTO.

We use Poppins Payroll.

Thank you. Can you please give me an estimate of the actual costs? If we pay her $20 an hour and she works 5 hours a day, that’s $2,000 per month. What are my actual costs? Can you give me an estimate?

Thank you so much!

PP here. You’re welcome! Not sure exactly how this scales down, but we pay $25 per hour in DC, and with payroll taxes, workers comp insurance (required by law in DC) and the poppins payroll fee, we pay an average of about $5,000 a month in total.

Thank you! So it’s about 25% on top of salary. We are foreigners and diplomats so I have no experience with this. Thanks!

PP here. Less, I think. There are an average of 21.7 weekdays in a month. $25 x 8 x 21.7 = $4340. So close to 15%, if my math is right.

Thank you! This was very helpful!