How To Choose The Best Nanny Tax Service
Choosing a nanny, or child minder, to look after your children can be one of the hardest decisions to make. Actually entrusting the welfare of your child to another individual is understandably a tough act. It is however true that more and more families are gradually beginning to use child minding services. It is now an easier decision with the widening availability of specialist nanny agencies, who make the whole process much easier.
Whereas previously hiring a nanny would be more dependent on word of mouth, now these specialist agencies will actually help you to choose the right service for your family. They will often carry out all the necessary administration checks, including employment and background checks. This allows the parent to focus on the most important decision - is this person a good fit for my child and our existing family environment.
Once you have made the decision to hire a nanny, the hard work is not over unfortunately. Choosing how to pay for the child minding services can be a massive headache. Fortunately, there are now a number of specialist child minding payroll services, which, amongst other things, offer a nanny tax service. In this article, we will consider the different types of nanny tax service being provided, as well as some of the key factors to consider when making the decision to choose a specialist service.
The majority of specialist payroll services will offer a variety of payment options for their services - the most popular of these being a monthly subscription or alternatively an annual subscription. As you would expect, there will usually be a discounted price if you are willing to commit to a longer term subscription.
If you are a relative novice in terms of hiring a nanny, there are a couple of considerations which you should always take into account. Firstly, you should remember that you are essentially hiring a person to perform a job - i.e. a nanny to look after your child or children. As such, you will need to have an employment contract in place, which yourself and the nanny will have to sign. If you do not have previous experience in writing or producing these types of contracts, this can seem extremely daunting.
You should expect that all specialist services will help you to write a contract, or at least provide a standard boilerplate contract, which can be amended according to your specific conditions. The kind of information you would add in this contract would be the number of hours to be worked a week, how many days of holidays you agree, how the minder is being paid and their salary, as well as other conditions such as responsibilities to be undertaken.
Every time that you pay your nanny, you should also be providing pay slips. Just as you would expect your employer during your normal day job to provide weekly or monthly pay slips, the same responsibility will be entrusted to you here. Understandably, this can seem quite specialised and this is one of the reasons why parents seek a specialised nanny tax service. You can expect that a nanny tax service will help you to produce automated pay slips, as well as assisting you with any other questions you may have.
We have only touched upon a few of the considerations that you should take into account when seeking a specialised nanny tax service. It is very important to research the many specialised services out there and choose the service, which you feel is right for you. Take the time to pick up the telephone and speak to a customer service agent. This will help you feel more comfortable that you have a good understanding of your responsibilities, and to understand how they can help you.