Many Parents Spend Summer Searching for Back-to-school Nanny Care

  Many Parents Spend Summer Searching for Back-to-school Nanny Care

  SurePayroll Offers 10 Tips for Parents Hiring and Paying a Back-to-school
                                    Nanny

Business Wire

GLENVIEW, Ill. -- July 16, 2013

No sooner are parents getting into the summer groove than it’s time to start
thinking about getting ready for the new school year. Even during the
“relaxing” summer months, parents have much to account for: stocking up on
school supplies, navigating back-to-school clothes shopping, coordinating bus
schedules and for working parents, after-school care is another critical item
that must be addressed. Parents hiring an individual caregiver like a nanny or
babysitter face what can be an overwhelming process. While their top priority
is the safety of their children and the security of their home, before hitting
the beach to enjoy the summer parents also have to figure out complicated
legal, payroll and tax considerations. Because no one wants to start off the
school year battling the IRS!

“Hiring a nanny requires many critical considerations from the very safety of
your children to whether the person will be a good personality fit for your
family. What's sometimes overlooked is that you have to also be aware of the
rules and laws that apply to hiring a nanny. These legal considerations don’t
have to lead to added stress for parents already hustling to get their kids
ready for the school year,” said SurePayroll CEO and President Michael Alter.
“Fortunately for parents, there are affordable online options that can make
the process easier, from finding the perfect nanny to making sure their
payroll is handled accurately, on-time and in compliance with federal and
state laws.”

Finding a reliable, trustworthy nanny and following the proper procedures to
ensure compliance will give parents peace of mind that their children are in
good hands as backpacks get zipped up for the first day at school.

SurePayroll offers these 10 tips for hiring and paying a back-to-school nanny:

1. Know what you want in your nanny. Create a detailed list of must-haves
(schedule, disciplinary practices, experience with multiples, etc.) and a list
of preferences on which you’d be willing to negotiate. Knowing your priorities
will not only help you attract the right candidate, but also make the right
decision.

2. Get a referral from someone you know and trust. Consult with family
members, friends, teachers and colleagues to get recommendations for
responsible nanny candidates.

3. Involve your children in the interview process. After all, they will be the
ones interacting with your nanny the most. Make sure they are comfortable with
their nanny.

4. This is a business relationship; don’t allow yourself to slip into thinking
you’re chatting with a friendly acquaintance when interviewing nanny
candidates. Be sure to ask all the tough questions about topics that are
important to you.

5. Reputable selection services like SitterCity can help you identify and
screen appropriate candidates. Be sure to utilize background checks, check
several references and conduct personal interviews before making a final
decision.

6. Agree to wages in advance and determine wages based on experience and
competitive rates in your area. Nannies must be paid at least minimum wage for
each hour worked and may be entitled to overtime.

7. Get your paperwork in order to avoid penalties, including the 1040-ES, a
signature-ready Schedule H, the annual 1040, and W-2. If you pay a seasonal
nanny more than $1,000 per quarter or $1,800 per year, you most likely need to
pay the “Nanny Tax” (which includes Social Security, Medicare and the Federal
Unemployment Tax).

8. Pay the nanny either with direct deposit or by check.

9. Payroll needs to be set up and provisions made to pay Social Security,
Medicare, FUTA and other payroll taxes. Keep track of tax deductions, medical
benefits and other insurance. Mistakes can be costly: Failure to pay the IRS
nanny taxes can result in back taxes, penalties, interest and fines up to
$25,000.

10. Set up an easy payroll system and pay your nanny according to federal and
state labor laws. Consider working with an online payroll provider like
SurePayroll to manage the pay, tax and filing to ensure compliance.

About SurePayroll

SurePayroll is the trusted provider of easy online payroll services to small
businesses nationwide. Whether a business has 1, 10, or 100 employees,
SurePayroll delivers peace of mind by combining innovative, industry-leading
technology and personalized support from an award-winning, U.S.-based customer
care team. SurePayroll also provides private-label and co-branded services for
accountants and banking partners as well as offering efficient online
solutions for managing 401(k) plans, health insurance, workers' compensation,
employee screening and more. SurePayroll is a wholly owned subsidiary of
Paychex. For more information, please visit www.SurePayroll.com. Follow us on
Twitter – Circle us on Google+ – Connect with us on LinkedIn – Like us on
Facebook.

About Paychex

Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human resource,
insurance, and benefits outsourcing solutions for small- to medium-sized
businesses. The company offers comprehensive payroll services, including
payroll processing, payroll tax administration, and employee pay services,
including direct deposit, check signing, and Readychex®. Human resource
services include 401(k) plan recordkeeping, section 125 plans, a professional
employer organization, time and attendance solutions, and other administrative
services for business. A variety of business insurance products, including
group health and workers' compensation, are made available through Paychex
Insurance Agency, Inc. Paychex was founded in 1971. With headquarters in
Rochester, New York, the company has more than 100 offices serving
approximately 570,000 payroll clients as of May 31, 2013. For more information
about Paychex and our products, visit www.paychex.com.

Contact:

Racepoint Group
Brittany Falconer, 617-624-3242
RPGSurePayroll@racepointgroup.com
or
SurePayroll, Inc.
Lori Bolas, 224-223-2334
Lori.Bolas@surepayroll.com
 
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