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Paying Nanny and thoughts on Full time at-home help
Posted on 1/30/22 at 7:21 pm
Posted on 1/30/22 at 7:21 pm
Wife and I have four kids ranging from 10 to 2. We have an extra car b/c at least two days a week someone helps us get them to school/day care, We call her a nanny but she is kinda just a really great carpool service that is reliable and can babysit when we need her to.
I’m really toying with the idea of paying our nanny (who we pay by the week) out of my LLC as an employee/independent contractor.
Anyone have advice in masking current nanny (no pics) via LLC. Anyone have experience hiring someone full time to help with kids? Just before/after school. .
I’m really toying with the idea of paying our nanny (who we pay by the week) out of my LLC as an employee/independent contractor.
Anyone have advice in masking current nanny (no pics) via LLC. Anyone have experience hiring someone full time to help with kids? Just before/after school. .
7
Posted on 1/30/22 at 7:30 pm to Rev1897
There was a helpful thread on structuring how to pay a nanny a week or so ago. Recommend taking a look for it - some good considerations from people who have done it a variety of ways.
Posted on 1/30/22 at 7:34 pm to Rev1897
Posted on 1/30/22 at 8:18 pm to thegreatboudini
Thanks, also curious about how much these jobs make in the GNO area
Posted on 1/31/22 at 2:18 am to Rev1897
Is the 2 yr old at home? We have a similar situation but only have three kids. 1st grad, pre-k, and almost 2. Our nanny works 36 hours a week at $25/hr. However, I live in the northeast so our price range may be a bit higher.
Posted on 1/31/22 at 6:05 am to MSTiger33
quote:
Our nanny works 36 hours a week at $25/hr
Posted on 1/31/22 at 6:13 am to whiskey over ice
And we are considered cheap 
Posted on 1/31/22 at 6:35 am to Rev1897
$20/hour. 1 kid at home, the other kid just gets picked up from school by nanny and watched for 1.5 hours. She did watch him for the past 3 years.
We pay our nanny a 40 hour/ week salary, giver her PTO, etc... It's a fairly tight market down here, as I imagine it is most places.
We pay our nanny a 40 hour/ week salary, giver her PTO, etc... It's a fairly tight market down here, as I imagine it is most places.
This post was edited on 1/31/22 at 7:49 am
Posted on 1/31/22 at 7:32 am to Rev1897
I’m thinking of hiring a nanny as well. Wife thinks it’s weird since we don’t have any kids.
Posted on 1/31/22 at 8:21 am to Rev1897
quote:
Anyone have advice in masking current nanny (no pics) via LLC
So, you are asking how to hide from the IRS that the person on your company's payroll isn't really hired to do tasks for the company, but for you personally, so you can deduct the expenses against business income because such personal expenses are not deductible? Sounds like tax fraud to me.
Posted on 1/31/22 at 11:27 am to Rev1897
There are two issues with this.
1) The expenses are still personal and I don't like mixing personal with business. You can't (legally) deduct them as business expenses.
2) Having a nanny is a whole another set of liability issues, why would you insert that liability into your LLC?
If you want to hire a nanny, make her a household employee, get a household employer EIN, and roll with it.
1) The expenses are still personal and I don't like mixing personal with business. You can't (legally) deduct them as business expenses.
2) Having a nanny is a whole another set of liability issues, why would you insert that liability into your LLC?
If you want to hire a nanny, make her a household employee, get a household employer EIN, and roll with it.
Posted on 1/31/22 at 11:30 am to LSUFanHouston
quote:
If you want to hire a nanny, make her a household employee, get a household employer EIN, and roll with it.
This is the correct way to do it. There's also the cash option, unless you have some complicated taxes that could warrant an audit.
Posted on 1/31/22 at 11:46 am to Rev1897
If the nanny is on your company payroll and gets in a wreck while driving your kid, you are in big trouble. Insurance company will deny coverage and yourfraud will be exposed.
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