Long time forum reader, first time poster.
I have recently hired my mother to be my full-time nanny for our 5 mo old. After reading through the posts on this web site, I thought I may be able to simplify the taxes by paying her a monthly salary instead of by the hour. The monthly salary is static. We are well above the taxable threshold already, and do plan on paying the taxes.
What would be the best way to ensure we are correctly taking care of the taxes in this particular situation? Would there be a simple solution to avoid using a CPA or a website like care.com???
Any help is much appreciated in advance.
I have recently hired my mother to be my full-time nanny for our 5 mo old. After reading through the posts on this web site, I thought I may be able to simplify the taxes by paying her a monthly salary instead of by the hour. The monthly salary is static. We are well above the taxable threshold already, and do plan on paying the taxes.
What would be the best way to ensure we are correctly taking care of the taxes in this particular situation? Would there be a simple solution to avoid using a CPA or a website like care.com???
Any help is much appreciated in advance.
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