Taxes can be an issue for both nannies and employers, as many employers do not understand the legalities and realities of paying taxes while employing a nanny. Families see us as independent contractors, not realizing we are their employee. Should we, as nannies apply for a loan or line of credit, how does a lender or credit underwriter verify income if taxes aren't deducted from a paycheck? In other words, if a family has a full time nanny and taxes aren't paid in, how does that nanny obtain a loan without her income being verified? It all starts with a social security number, as a nanny agency explained to me. I read somewhere that if a nanny makes over $3K a year, the family is responsible for deducting all federal and state withholdings, and that Breedlove is an excellent resource to make it happen. Do any nannies out there have experience with new jobs and explaining to the employer it is a legal responsibility to withhold all taxes? Anyone employed
by a family who uses or has used Breedlove in the past? This position by my calculations (mind you I am signing my work agreement this weekend) would pay $660-710 per month (it's part time), and over the course of a year would be $7900-8450/year. As a nanny, I know they have to pay taxes, and I am unsure how to bring this up to M and DB.
PS: I was the OP of the submission that appeared a few weeks concerning being intimidating to prospective families. Many of you responded with helpful advice, and I appreciate the constructive criticism. A lot of you said relax, speak from the heart and do not bring up other nannies. I relaxed and spoke from the heart. MB mentioned she had other interviews before she left, and later that evening, I got the email asking me a few more questions, along with the fact that she was very much interested. The next evening, I got the job offer. Thank you everyone for the suggestions and help! All of you are loved on the ISYN board
