The Original Nanny Tax and Payroll Service
A long-time household employment advocate and catalyst in helping to elevate the
professional status of the nanny profession, for almost two decades GTM has been
a nationwide leader in tax & payroll services for the household industry; specializing in nanny taxes.
In the last few years there has been a tremendous amount of publicity regarding
nannies and how they should be paid. Leading the way with best-practices in the
household employment industry, GTM offers the knowledge, experience and high-level
of service that you and your employers can rely on. GTM can answer all of your questions
about payroll and nanny taxes, and how this impacts you, the employee.
The Nanny – The Employee
As a Nanny, the IRS considers you an employee when you work on a regular basis for
a family, at their home and expect to earn more than $1,700 per year.
What does being an employee actually mean? Being recognized as
an employee is good for you in many ways. First and foremost is that by being paid
“on the books” means you are protected under a number of laws in case you are ever
unemployed, hurt or retire.
What are some benefits of being paid "on the books"? Getting
paid “on the books” can help you establish income history and credit. Establishing
your work history simply by being paid legally “on the books,” makes it easier to
prove your legal earnings when applying for credit cards, student or home loans,
and health insurance for example.
What if the family I work for doesn't want to pay “on the books”?
We understand you may encounter this, and so does the agency you are working with.
Ask the agency or contact us for help in explaining to your employer that it’s in
their best interest to pay you properly for some of the following reasons:
- They may be able to take advantage of their flexible-spending plan and deduct your
salary as a qualifying expense with their employer
- The IRS is cracking down on employers who do not report wages and taxes withheld
for a professional caregiver (nanny) on their personal income tax returns
- It protects them, as employers, should you ever get hurt on the job
- Not paying legally cheats you out of
credits to your social security account, impedes
your ability to obtain credit and will not protect you if you become unemployed
- Because it’s not only the law, but it protects you and your employer
How does GTM help me, and the family I work for? GTM works with
hundreds of families, nannies and agencies around the country in handling their
payroll and taxes; as well as assists in complying with the nanny tax laws of the
IRS and their state.
EasyPay® is GTM’s solution to all your employer’s tax and payroll needs. EasyPay®
is a simple and easy way for your employer to handle all of the tax and payroll
details for virtually any household professional.
Recommend our EasyPay® and EasyTax® services to your employer today. Have your employer
contact us at 1-888-432-7972 for a FREE tax consultation and the expert advice household