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Reply to "Can someone share the basics of nanny shares?"
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[quote=Anonymous]-Pay taxes separately - you each need to set-up payroll (she is technically employed by two employers) -Set location or switch between locations -vacation and paid sick leave (2 weeks usually in summer/winter; 3 sick days) -agree who will get nanny if child is sick (like daycare, you will likely need to stay home with sick kid) -pay between $25/hr ($12.50 each) PLUS taxes -pay weekly, bi-weekly, monthly -find nanny willing to do a share (ideal if kids are the same age) -agreed to activities, nap schedules, meals -set hours per day -agreed to OT if one family is late -have a contract on all of these issues [/quote]
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