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Employer Issues
Reply to "Payment structure for nanny share"
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[quote=Anonymous]I know being an employer, doing taxes sounds like a headache, but it is actually not. There are threads here, outlining all the steps from DIY folks to different options of companies that provide service. It is really not that much work, after initial research of 1 day and maybe a day total in getting the FEID, setting up state accounts, I spend approximately 15 min a month on the book keeping/state taxes and about 5 hours per year on getting W-2, annual wrap up, etc. What if the other family wants out of nanny share? What if they make a mistake? Childcare tax deduction is worth at least $500, why would you want to leave money on the table?[/quote]
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