Tag: tips for nannies

Care Provider Pay: Answers to YOUR Questions!

Posted on by Admin Team

 

Thanks again to Becki Brack and Growing Numbers for answering our questions on care provider pay! Learn more about the services that Growing Numbers offers by clicking here. To reach Becki, you can email her. 

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care provider pay

Have you heard of any upcoming changes from the IRS, state government, etcetera, that may affect how care providers are paid?

There are no recent developments from the IRS for Publication 926 about household employees. However, there is a new wage threshold for 2018. In 2018, the wage threshold will increase to $2,100 (from $2,000). So if you pay your nanny, caregiver, babysitter, etc. $2,100 or more in a calendar year, you are required to withhold Social Security and Medicare taxes from the individual’s pay. If  you fail to do so, you (the employer) are liable for these taxes.

There is also a new Washington state sick leave law that nearly every employer in Washington will have to comply with beginning January 1, 2018. There are also city laws that may apply to household employers within the city limits that are already in effective or effective January 1, 2018. See below for more information on sick leave laws.

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5 Tips for Nannies Choosing Health Insurance

Posted on by Admin Team

 

Guest post from Three Kings Financial Group

As a nanny, life keeps you busy. So below, we’ve listed 5 tips to make it easier when navigating your choices this year.

Tips for Nannies Choosing Health InsuranceChoosing health benefits may be one of the most important decisions you make every year. The current uncertainty about healthcare premiums, deductibles, and coverage may seem like good reasons to wait on making important health insurance decisions. But that hesitation could end up costing you more in the long run. By assessing your health needs and budget now, you will be better prepared to make health insurance decisions that work for you and your family now that Open Enrollment is upon us.

When it comes to deciding what health insurance plan is best for you, one of the first things you probably think about is cost.

However, cost should not be the sole basis for choosing medical coverage. Just as important are having the right network of physicians, pharmacies, and hospitals. Making sure that all the elements of your healthcare work together can ensure improved convenience, efficiency, and ultimately reduce overall costs.

Below are 5 tips when choosing a health insurance plan this year:

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Are Nanny Shares Illegal in Washington?

Posted on by Admin Team

 

If you are involved in a nanny share or are considering joining or starting one, take the time to read the important information below. I am not an attorney and the information I provide below should be used at your own risk. 

nanny shares illegalWhat is a Nanny Share?

A nanny share is defined as two or more families sharing the expense of employing one nanny to care for their children as a group.  A nanny share can be a more cost effective option for utilizing a nanny.  Care is provided at one family’s home or a combination of both.

There are many benefits to belonging to a nanny share, both for the parents and the children including:

  • For parents, it means a lower hourly wage than shouldering the entire cost of a nanny alone
  • For the children, a nanny share can be a great opportunity for socialization and having a playmate

Note: A nanny bringing his or her child to work with them is considered a perk of employment and not a nanny share.  If you are bringing your child to the nanny’s house, that is considered to be in-home childcare that requires the care provider to obtain a license and is not a nanny share.

Illegal?

Over this past summer, I set out to learn more about nanny shares as many of our members are turning to this option due to the high cost of childcare in our region. What I learned was troubling.

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