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Reply to "Opinions please...Should I go back to work?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Have you checked the rates in your area? I'm a full time nanny and I gross about $50,000. Financially it might not make sense for you to return to work.[/quote] let me call you a 1%er. Breedlove has been quoted in news articles that 30k is the magic number limit and nannies have a very hard time crossing the 30k salary threshold. [/quote] FYI, wealthy families who can afford 50K+ nannies don't need Breedlove. They have their own CPAs to do nanny taxes. Breedlove gets middle-income families who can afford only average nannies. [/quote] And of the middle income families, it's only the ones who want to waste their money. I'm a nanny, and the first thing I do when a family mentions that they want to use Breedlove or HomePay is suggest they look at the nanny tax calculator and paystub. It's free, it does exactly what Breedlove does for running numbers. Writing a check once a week takes 3 minutes, and they keep a running tally of my wages and deductions, and a separate tally for their contributions, so adding those numbers every week takes two minutes. I would assume that the blank W-2 that gets used is easy to fill in (5-10 minutes?) once a year, because they have the numbers. And it's not like they have to get a new EIN every year... For close to $1k a year, it seems like they don't do very much.[/quote]
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