Hiring a nanny can offer parents peace of mind as they transition back to in-office work this summer. But making a mistake in the employment process can turn be costly.
Hiring a nanny can offer parents peace of mind as they transition back to in-office work this summer. But making a mistake in the employment process can turn be costly.
A recent survey of human resources leaders and “return-to-workplace-decision makers” across multiple industries indicates most companies will adopt a home-office, or hybrid mix when it is time to return to the workplace, with three-fourths of respondents expecting employees to spend two to three days per week in the office.
Parents returning to the workplace can save time and avoid hefty penalties by outsourcing nanny and household payroll.
The flexibility of the post-Covid-19 hybrid workplace presents families with a childcare dilemma that many will resolve by hiring a live-out or live-in nanny. According to Jenna Shklyar, Head of Marketing at SurePayroll, hiring a nanny to supplement and simplify childcare also adds the responsibility of household payroll and tax consequences.
“Parents who hire a nanny for the summer need to consider payroll and tax responsibilities, like those of a small business owner. A nanny is more than a casual babysitter in the eyes of the federal government,” said Shklyar. “Live-out or live-in childcare is considered a household employee, a classification with specific rules and requirements.”
Jamal Ayyad, Head of Product Management at SurePayroll, acknowledges most families invest tremendous time and energy determining qualifications, likeability, personality, discipline style, and general family fit. He suggests they also fully understand their obligation as a household employer to “avoid costly problems, penalties and fines” and benefit from government programs. “Families can save money by paying their nanny on the books, thanks in part to the Dependent Care FSA, which is up to $10,500 in 2021.”
Ayyad encourages parents follow these tips from SurePayroll as they consider hiring a summer or return-to-workplace nanny:
Hiring a nanny can offer parents peace of mind as they transition back to in-office work this summer. But making a mistake in the employment process can turn be costly.