Nanny Tax Nanny - PowerPoint PPT Presentation

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Nanny Tax Nanny

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Pay My Nanny offers a dedicated Nanny Payroll Service. We take care of Nanny Tax, PAYE and complex paperwork to simplify the payroll process! – PowerPoint PPT presentation

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Title: Nanny Tax Nanny


1
A Professional Nanny Tax Payroll Service
  • 1st Floor Turnpike House18 Bridge StreetFrome,
    SomersetBA1 1BB
  • Tel 01373 466292Fax01373 888533info_at_biznuspayr
    oll.co.uk

2
  • Do you struggle with paying taxes for your
    nanny services?
  • Parents usually hire a nanny to keep their
    children in safe hands while they go out for
    work. While hiring, you check the references and
    complete an interview process, let your children
    meet her and if they agree then hire her.
  • Is simply hiring a nanny that simple? No, in
    this process you forget that now you have become
    the employer of a paid worker and hiring mow
    becomes a complicated procedure requiring paper
    work and all the essential formalities completion
    similar to that of a small business. Yes, now you
    know that as the employer you are bound by legal
    responsibilities.

3
  • One should keep a note of these important points
    before appointing a nanny for their children
  • Verify her work eligibility.
  • Register yourself as an employer.
  • Operate a Nanny PAYE or Pay as you earn policy on
    her behalf.
  • Keep on her behalf the social security taxes
    records.
  • Provide her all the essential pay slips
    regularly.
  • Sign an employment contract with her within a few
    months of employment.
  • Keep a track of her tax deductions, insurance and
    medical benefits.

4
  • Do not forget to file annual employers tax
    returns and buy an employers liability
    insurance.
  • Set up a nanny payroll that will help you to stay
    acquiescent with nanny payroll requirements. This
    should be done specifically if the nanny you have
    appointed earns 107 plus in a week.
  • Failure to fulfill all the above requirements can
    present in front you many criminal and legal
    penalties.
  • Nanny payroll services
  • Now after you know that becoming an employer is
    not that easy, hire a nanny payroll service and
    relieve your stresses. These services keep you up
    to date about all the legal requirements. The
    steps followed at these services are

5
  • Step 1
  • They schedule a consultation free of cost to
    discuss your payroll requirements. They also help
    you calculate all the taxes and give you
    registration assurance.
  • Step 2
  • They help you decide and fulfill the hiring
    formalities of these payroll services.
  • Step 3
  • They establish you as an employer of the nanny
    and ensure that you pay the payroll taxes on
    behalf of the nanny.
  • Step 4
  • They keep you informed about annual updates, tax
    law changes, tax deadlines and employment
    premiums.

6
  • Search only for a legal payroll service. You can
    use a dedicated online association. These
    associations can also help you find a registered
    nanny for the best care of your children.
    Specialist Caregiver sites help you purchase
    suitable nannies. They help you identify the
    nannys eligibility and takes responsibility of
    giving your children in safe hands.
  • Such associations also help you pay your nannies
    legally by acting as an aid in completion of the
    following procedures easily
  • Getting an employer ID number at local and state
    level. These IDs are a proof of your lawful
    payments to the nanny.

7
  • Making surety of your nannys legal citizenship
    of your state.
  • Educating state office involved in handling
    employment.
  • Setting up a payroll method offered by nanny tax
    services.
  • Deciding the nannys commission on the basis of
    national labor laws.
  • Properly organizing the end of season tax forms.
  • Take full benefits of these services and ensure
    complete safety of your children!!!

8
THANK YOU
  • Tel 01373 466292Fax01373 888533info_at_biznuspayr
    oll.co.uk
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