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NannyPay is a do-it-yourself nanny payroll service, which means its software helps you calculate your payroll taxes based on your nanny’s pay rate.
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If you do end up using NannyPay, we hope you’ll consider leaving a review on Trustpilot or Trustradius-you’ll give us and your fellow household employers a better sense of how well NannyPay really works for users. NannyPay simply doesn’t have the reach of companies like SurePayroll, which offers small-business payroll as well as nanny payroll, or HomePay, which has been in the nanny payroll game for decades. Of course, low user numbers don’t automatically indicate a poor product. NannyPay lacks a Better Business Bureau profile too, which doesn’t necessarily mean much (the BBB isn’t all it’s chalked up to be), but we’d be happier if NannyPay showed up on more verified review sites. The company doesn’t have a presence on any of our preferred customer review sites, including Trustpilot and Trustradius, and Consumer Affairs. Speaking of customers, we couldn’t find many NannyPay reviews from verified customers. In other words, even though NannyPay technically has customer service, you’re largely on your own for setup, and we can’t promise a quick fix if a technical issue comes up. You can email NannyPay for tech support or check out its software instructions, but the instructions are confusing (especially since the software interface isn’t very intuitive). And NannyPay doesn’t file payroll taxes for you either-it just calculates those taxes to make filing easier.Īnother feature you won’t get with NannyPay? Solid customer service.
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For instance, NannyPay doesn’t actually pay your nanny or other household employee for you-you can print out the check and pay stub, but there’s no direct deposit option. NannyPay is cheap, which means it doesn’t have as many features as most paid providers. Signature-ready Schedule H printing to submit with your end-of-year tax forms.W-2 and W-3 form printing at the end of the year.Non-taxable and taxable deduction tracking (including deductions for health insurance plans, retirement plans, or employee reimbursements).First, the software does calculate payroll taxes and take-home paycheck amounts, along with a few additional features: So if NannyPay doesn ’t pay your taxes or your nanny, what does it do? Plenty, actually. The same goes for the IRS: NannyPay will calculate the right tax withholding, but you’ll have to do the actual withholding and remitting yourself. So while NannyPay can print checks for you to sign, you’re in charge of actually handing the check off to your nanny. While the software helps you calculate taxes and pay your nanny the right amount, it doesn’t do much else. Remember, though, NannyPay is a DIY software solution. There aren’t hidden fees or penalties: the price you see is the price you get. NannyPay costs just $199.95 a year to pay up to three workers.
NANNYPAY SOFTWARE CODE
More from Personal Finance The new tax code offers extra perks for 529 savers.With both a cloud-based and desktop version, NannyPay is a versatile-and affordable-payroll pick. "If you don't get the right guidance or help at the beginning, you could find it's more expensive than you thought, said Breedlove. This will spell out how much you paid your employee(s) and the applicable unemployment, Social Security and Medicare taxes paid.Ĭonsider either working with an accountant or using payroll software - such as NannyPay or HomePay - to stay on top of your tax obligations as an employer. Schedule H: You'll turn in this form with your 1040 when you file your taxes.Form W-4: A withholding allowance certificate that you'll need from your employee if you withhold federal income taxes.Your employee will need to provide documentation to prove their identity. Form I-9: This is used for verifying the identity and employment authorization of your worker.Here's the paperwork you'll need for your employee and the IRS: "It's always easier to do it right from the get-go," said Breedlove. Consider drafting an employment contract so that you can address sick days, vacation time and other details. If you want to avoid the headache of paying back taxes, it's best to formalize your relationship with your caregiver.