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Things You Need To Know About Parenting

Parenting can be the biggest challenge a person can face. You can feel more confident in your parenting by using the helpful advice from this article to better your skills. You have everything it takes to be a great parent!

Having positive family rules can help reduce the amount of fighting that goes on in your house, and help your kids get along better with each other. For example, telling your children to touch each other gently is more positive than telling them they can’t hit.

When dealing with problem behaviors in your children, focus on positive reinforcement techniques. Remember: A child may be carrying a great deal of emotional baggage, which often makes it difficult for him or her to clearly articulate feelings. By setting an example and demonstrating the correct way to express oneself, a parent can help a child more effectively.

Keep a good rotation of toys in your house. This can prevent your toddler from becoming tired of playing with the same thing. Children can become uninterested in a toy quickly, unless it’s a favorite. Rotating other toys keeps the newness and novelty of the toys fresh for your toddler, and keeps you from constantly adding more toys to their collection.

Also, you have to take care of yourself if you want to be able to give your best to your family. You will find that some time set aside each day for relaxation will give you the energy you need to be a better parent. You will feel better, and your children will be happier as a result.

Every parent needs to take some time off from taking care of their children. Get a member of your family to babysit them, even if he or she can only watch them for a couple hours. If parents never get a timeout from parenting responsibilities, stress and frustration can result. This will affect the entire family.

Expressing anger seldom has a good result in parenting. Parents should not express anger in front of children. As mature people, parents must get past their own anger when talking to children. Parents should not be so harsh with children when they make mistakes.

Parenting in modern times is often challenging, but now you are in a much better position to parent well. The information in this article can be your foundation in building a wonderful relationship with your greatest gift. You have the tools now to be successful during this wonderful, exciting time in the journey of your life.

Tax Considerations when Hiring a Nanny

 

To satisfy the IRS and remain a happy law abiding citizen, you’ll need to assume the role of employer and pay employment taxes (Social Security, Medicare, etc.), report payroll withholdings (taxes, insurance benefits and the like) and of course, make sure that she is legally able to work in the United States.

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Here are a list of quick steps to get started:

Obtain state and federal EIN (Employer Identification Numbers)
You can obtain a federal EIN instantly on-line or you can download the SS-4 form and mail it, or call the IRS. To obtain your state EIN, you’ll need to contact your state government.

Verify Work Eligibility
To verify U.S. work eligibility, you will need to complete an I-9 form and follow the U.S. Citizenship and Immigration Office’s procedures.

Setup Payroll and Withholding Tracking
You must track the amounts that you pay your nanny and the amounts that you withhold from her pay. You are not required to withhold federal income tax, however your nanny is required to pay federal taxes based on her income. You may choose to withhold though to save your nanny time and possible IRS fines for tax underpayment. If you choose to withhold, you will need your nanny to complete a W-4 form that you must keep in your records. You will use the information provided on the W-4 to calculate the federal withholding amounts. Periodically (usually at the end of each quarter) you must pay to the IRS the amounts you’ve withheld and also file a form 1040ES.

If you pay your nanny more than $1500 (for tax year 2006), you are required to pay social security and Medicare tax. The amount you are required to pay is roughly 15.3% of her gross wages. You may pay the full amount yourself, or you may deduct 50% of the amount from your nanny‘s wages. You’ll pay these taxes on a quarterly basis and at the end of the year, you’ll file a Schedule H to report the amounts.

End of Year Reporting
At the end of each year, you will need to report the wages you’ve paid and any withholding amounts. In most instances, you will file a Schedule H along with your regular 1040 tax return.

You will need to provide your nanny with a W-2 form detailing her gross wages and all withholdings and deductions for the year. You must provide your nanny with her W-2 by January 31st and you’ll need to report the wage information to the IRS by February 28th using a form W-3.

Alternatives
If you’d rather spend time enjoying your free time and let someone else manage your tax payment and filing requirements, there are numerous companies that provide the service to nanny employers, such as PayCycle and Breedlove Associates.

Disclaimer
We’re not tax professionals and this information is provided to help you perform your own due diligence and research related to hiring a nanny. As with all tax matters, we recommend that you consult with a professional tax advisor or Certified Public Accountant.

 

 

 

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