Do you give bonus in cash/check or though your payroll software?

[Anonymous]

Anonymous wrote:Check. In my mind, it's a holiday gift; bonuses are not part of the employment contract, so no need to go through payroll.

Doesn’t matter what your mind says if you want to follow the law.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We never tax the bonus, must be given in personal check or cash.

Must?

Yes, MUST!!
Glad some people here are thoughtful enough to give their caregivers cash bonus.
There’s no need to run it through payroll as the nanny would get taxed and it wouldn’t really be a ‘bonus’

[Anonymous]

Anonymous wrote:

Anonymous wrote:Check. In my mind, it's a holiday gift; bonuses are not part of the employment contract, so no need to go through payroll.

Doesn’t matter what your mind says if you want to follow the law.

Nannies aren't allowed to receive gifts?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We never tax the bonus, must be given in personal check or cash.

Must?

Yeah…I hope this person is joking. Cash and check to avoid having taxes taken out is literally tax evasion, is illegal, and hopefully you and the nanny don’t get caught because what a headache. If you are paying wages through a payroll system to be on the up and up why would you avoid this at Christmas?? Put another way, how would you feel if your employer paid you a bonus under the table?

It is NOT tax evasion. You give your nanny a check or cash w/o taxing her. What kind of person are you to tax the ‘bonus’ ?!!! Common sense is something that some folks don’t have.

[Anonymous]

Anonymous wrote:Check. In my mind, it's a holiday gift; bonuses are not part of the employment contract, so no need to go through payroll.

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We never tax the bonus, must be given in personal check or cash.

Must?

Yeah…I hope this person is joking. Cash and check to avoid having taxes taken out is literally tax evasion, is illegal, and hopefully you and the nanny don’t get caught because what a headache. If you are paying wages through a payroll system to be on the up and up why would you avoid this at Christmas?? Put another way, how would you feel if your employer paid you a bonus under the table?

It is NOT tax evasion. You give your nanny a check or cash w/o taxing her. What kind of person are you to tax the ‘bonus’ ?!!! Common sense is something that some folks don’t have.

What kind of person am I? Someone who follows the law. Jesus lady. My husband could be disbarred for giving a cash bonus.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Check. In my mind, it's a holiday gift; bonuses are not part of the employment contract, so no need to go through payroll.

Doesn’t matter what your mind says if you want to follow the law.

Nannies aren't allowed to receive gifts?

No, they're not unless the gifts are taxed. This isn't some sort of gotcha. There's literally a law.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We never tax the bonus, must be given in personal check or cash.

Must?

Yes, MUST!!
Glad some people here are thoughtful enough to give their caregivers cash bonus.
There’s no need to run it through payroll as the nanny would get taxed and it wouldn’t really be a ‘bonus’

The post tax amount is still a bonus.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Check. In my mind, it's a holiday gift; bonuses are not part of the employment contract, so no need to go through payroll.

Doesn’t matter what your mind says if you want to follow the law.

Nannies aren't allowed to receive gifts?

No, they're not unless the gifts are taxed. This isn't some sort of gotcha. There's literally a law.

Sheesh no kidding!!! It is the law that this is taxable. Even if it’s a gift. And any gift >$100 including gift cards and physical objects are also taxable.

https://www.homeworksolutions.com/knowledge-center/is-a-nanny-bonus-reported-as-wages/

We always just accounted for the tax bite when we gave our nanny a bonus and increased the amount accordingly so she ended up getting what she would’ve gotten had we just given her cash. My husband has security clearance and I could potentially work a job in the future that requires clearance. Plus we want to do things on the up and up anyways. Reason with yourself all you want that paying it cash or check to avoid taxes is fine. But again. It’s illegal even if you call it a gift.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We never tax the bonus, must be given in personal check or cash.

Must?

Yeah…I hope this person is joking. Cash and check to avoid having taxes taken out is literally tax evasion, is illegal, and hopefully you and the nanny don’t get caught because what a headache. If you are paying wages through a payroll system to be on the up and up why would you avoid this at Christmas?? Put another way, how would you feel if your employer paid you a bonus under the table?

It is NOT tax evasion. You give your nanny a check or cash w/o taxing her. What kind of person are you to tax the ‘bonus’ ?!!! Common sense is something that some folks don’t have.

What kind of person am I? Someone who follows the law. Jesus lady. My husband could be disbarred for giving a cash bonus.

Attorney’s wife here and give a well deserved bonus (personal check) to our wonderful Nanny. The fact that you’re taxing your employee/caregiver is absolutely ridiculous. Check with your financial advisor and your accountant that giving bonus in form of cash/check it’s totally fine.
Perhaps, go to ATM/teller and withdraw cash? That ain’t taxable!!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We never tax the bonus, must be given in personal check or cash.

Must?

Yeah…I hope this person is joking. Cash and check to avoid having taxes taken out is literally tax evasion, is illegal, and hopefully you and the nanny don’t get caught because what a headache. If you are paying wages through a payroll system to be on the up and up why would you avoid this at Christmas?? Put another way, how would you feel if your employer paid you a bonus under the table?

It is NOT tax evasion. You give your nanny a check or cash w/o taxing her. What kind of person are you to tax the ‘bonus’ ?!!! Common sense is something that some folks don’t have.

What kind of person am I? Someone who follows the law. Jesus lady. My husband could be disbarred for giving a cash bonus.

Have you thought about asking your nanny how would she like her bonus to be paid? We asked her the pst 3 years and she greatly appreciates cash. This isn’t an issue for us(husband has clearance), we just get money from the bank and give it in an envelope along with Nordstrom gift card.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We never tax the bonus, must be given in personal check or cash.

Must?

Yeah…I hope this person is joking. Cash and check to avoid having taxes taken out is literally tax evasion, is illegal, and hopefully you and the nanny don’t get caught because what a headache. If you are paying wages through a payroll system to be on the up and up why would you avoid this at Christmas?? Put another way, how would you feel if your employer paid you a bonus under the table?

It is NOT tax evasion. You give your nanny a check or cash w/o taxing her. What kind of person are you to tax the ‘bonus’ ?!!! Common sense is something that some folks don’t have.

What kind of person am I? Someone who follows the law. Jesus lady. My husband could be disbarred for giving a cash bonus.

Attorney’s wife here and give a well deserved bonus (personal check) to our wonderful Nanny. The fact that you’re taxing your employee/caregiver is absolutely ridiculous. Check with your financial advisor and your accountant that giving bonus in form of cash/check it’s totally fine.
Perhaps, go to ATM/teller and withdraw cash? That ain’t taxable!!!

It is not totally fine. What utter garbage. It is illegal. It is tax evasion. Are you likely to get caught? Probably not. But this is false false false, and any accountant or advisor or attorney telling you this is opening themself up for liability.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We never tax the bonus, must be given in personal check or cash.

Must?

Yeah…I hope this person is joking. Cash and check to avoid having taxes taken out is literally tax evasion, is illegal, and hopefully you and the nanny don’t get caught because what a headache. If you are paying wages through a payroll system to be on the up and up why would you avoid this at Christmas?? Put another way, how would you feel if your employer paid you a bonus under the table?

It is NOT tax evasion. You give your nanny a check or cash w/o taxing her. What kind of person are you to tax the ‘bonus’ ?!!! Common sense is something that some folks don’t have.

What kind of person am I? Someone who follows the law. Jesus lady. My husband could be disbarred for giving a cash bonus.

Attorney’s wife here and give a well deserved bonus (personal check) to our wonderful Nanny. The fact that you’re taxing your employee/caregiver is absolutely ridiculous. Check with your financial advisor and your accountant that giving bonus in form of cash/check it’s totally fine.
Perhaps, go to ATM/teller and withdraw cash? That ain’t taxable!!!

Lady I'm not taxing her. The federal government is taxing her. Glad your husband plays fast and loose with the law though.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We never tax the bonus, must be given in personal check or cash.

Must?

Yeah…I hope this person is joking. Cash and check to avoid having taxes taken out is literally tax evasion, is illegal, and hopefully you and the nanny don’t get caught because what a headache. If you are paying wages through a payroll system to be on the up and up why would you avoid this at Christmas?? Put another way, how would you feel if your employer paid you a bonus under the table?

It is NOT tax evasion. You give your nanny a check or cash w/o taxing her. What kind of person are you to tax the ‘bonus’ ?!!! Common sense is something that some folks don’t have.

What kind of person am I? Someone who follows the law. Jesus lady. My husband could be disbarred for giving a cash bonus.

Attorney’s wife here and give a well deserved bonus (personal check) to our wonderful Nanny. The fact that you’re taxing your employee/caregiver is absolutely ridiculous. Check with your financial advisor and your accountant that giving bonus in form of cash/check it’s totally fine.
Perhaps, go to ATM/teller and withdraw cash? That ain’t taxable!!!

It is not totally fine. What utter garbage. It is illegal. It is tax evasion. Are you likely to get caught? Probably not. But this is false false false, and any accountant or advisor or attorney telling you this is opening themself up for liability.

The terrified folks that hate giving bonuses….do yourself a favor: give your nanny cash! She hates taxes as much as you do. Fooling yourself is epic.
Don’t you get it that your nanny could lose her health insurance if she goes over bracket?! Kindly advise to do your research and soul searching as well as asking your caregiver how would she like her bonus to be paid. Unless you’re gifting her 5k(doubtful as you sound cheap already) then it goes through payroll.
Real and good people don’t tax bonuses to the person that cares for their biggest treasures.

You’re welcome!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We never tax the bonus, must be given in personal check or cash.

Must?

Yeah…I hope this person is joking. Cash and check to avoid having taxes taken out is literally tax evasion, is illegal, and hopefully you and the nanny don’t get caught because what a headache. If you are paying wages through a payroll system to be on the up and up why would you avoid this at Christmas?? Put another way, how would you feel if your employer paid you a bonus under the table?

It is NOT tax evasion. You give your nanny a check or cash w/o taxing her. What kind of person are you to tax the ‘bonus’ ?!!! Common sense is something that some folks don’t have.

What kind of person am I? Someone who follows the law. Jesus lady. My husband could be disbarred for giving a cash bonus.

Attorney’s wife here and give a well deserved bonus (personal check) to our wonderful Nanny. The fact that you’re taxing your employee/caregiver is absolutely ridiculous. Check with your financial advisor and your accountant that giving bonus in form of cash/check it’s totally fine.
Perhaps, go to ATM/teller and withdraw cash? That ain’t taxable!!!

Lady I'm not taxing her. The federal government is taxing her. Glad your husband plays fast and loose with the law though.

Duh, FG taxes-of course! Glad some people are capable to think through it and make their effort to get their Nannies cash.