Nanny Payroll Tax

March and April are the time of year when taxes are on our minds and the deadline to submit our taxes is near. No doubt this can be a stressful time but at Tax4Nanny we are here to alleviate any stress you might have regarding filing your nanny payroll tax.

As an employer of a nanny you must by law hold back the nanny payroll taxand pay it to the Canada Revenue Agency. This is the law however many people choose not to do so for various reasons and at some point they could find themselves in a very awkward position legally.

People often choose to file their own income taxes but find they are overwhelmed when they want to do the right thing by deducting their nanny payroll tax and have difficulty at the end of the year because they can't seem to be on top of it.

Hiring Tax4Nanny offers you the luxury of doing the right thing legally and having no worries about doing so.

The process in filing nanny payroll tax with Tax4Nanny is;

• Step 1 – it should be established that your nanny is an employee and as an employer you will pay the nanny payroll tax to the government on behalf of your employee.
• Step 2 – contact us to schedule a free consultation where we will discuss all issues related to filing your nanny payroll tax as well as all issues related to Nanny Taxes. We provide our clients with comprehensive tax calculations, reporting and the assurance that all registration requirements are fulfilled.
• Step 3 – decide if you want to go ahead and hire us.
• Step 4 - once you have decided that you would like to use our services for your nanny payroll tax we would register your business with Tax4Nanny by completing all forms. Please see our Service and Fees guide at (http://www.tax4nanny.ca/services.html). Included in all annual services are timely personalized updates from a chartered account to keep you informed of any changes to tax laws, deadlines or employment premiums.