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HomeWork Solutions' Kathleen Webb

Kathleen Webb, the President and co-founder of HomeWork Solutions Inc. has worked with nanny employers to simplify Nanny Payroll and Nanny Tax Compliance since 1993.

Ms. Webb periodically updates household employers and nannies alike on issues related to household employment.

Ms. Webb can be reached at KathyAT4nannytaxesDOTcom

HomeWork Solutions Inc. (4nannytaxes.com) assists thousands of household employers with the "nanny taxes."

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2012 Nanny Payroll Calculator and Minimum Wage Updates

Posted by Kathy Webb on Thu, Jan 05, 2012 @ 07:39 AM
 

Are you ready to compute your 2012 payroll?

2012 Nanny Paycheck CalculatorThe 4nannytaxes.com household payroll calculator has been updated with new withholding tax rates for 2012. Clients who write their own paychecks, please confirm your withholding calculations before issuing any 2012 payroll as there are many income tax rate changes!

New York and California employers, please remember that your state's Wage Theft Protection Act obligates you to provide certain pay rate notices, in writing, to your household employees, including their hourly regular and overtime rates of pay.

Minimum Wage Updates

Nannies, housekeepers, elder caregivers, and most house managers are considered Hourly, Non-Exempt employees under the Fair Labor Standards Act. This means that most are covered under both minimum wage and overtime laws.

For 2012, eight states increased their minimum wage. They are Arizona, Colorado, Florida, Montana, Ohio, Oregon, Vermont and Washington. Additionally the City of San Francisco (CA) minimum wage increased.

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Household employers interested in learning more about their Nanny Tax obligations, the process, and the various rules and recordkeeping requirements are invited to download our free e-Book.

Download HomeWork Solutions' free e-Book, the Nanny Payroll Tax Quick Start Guide.
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Comments

My understanding of the front page of the IRS Publication 926 is that The employee tax rate for social security has increased to 6.2% for 2012, but your calculator is still calculating at 4.2%.
Posted @ Friday, January 13, 2012 2:46 PM by Sawii
Sarah, the Congress extended the "payroll tax holiday" that reduces the employee Social Security rate to 4.2% until February 29, 2012. They did this on December 23 - I am sure the IRS already had the 2012 Pub. 926 prepared by then. The last minute payroll tax changes that have occurred over the last 2 years are a challenge to anyone calculating a payroll.
Posted @ Friday, January 13, 2012 2:49 PM by Kathy Webb
Thanks!
Posted @ Friday, January 13, 2012 3:20 PM by sarah
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