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

Forum Index » Childcare other than Daycare and Preschool

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We never tax the bonus, must be given in personal check or cash.[/quote]

Must?[/quote]

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?[/quote]

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. [/quote]

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

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!!![/quote]

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.[/quote]

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!
[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics