How do I make sure that I don’t make a mistake with my nanny tax?
It’s not easy to just go ahead and employ a nanny legally. If you don’t check out the legal obligations of hiring a nanny, then you could be in for a nasty shock in the form of a brown envelope landing on your door from the Inland Revenue. The first thing that anyone should do, is make sure that they have a solid employment contract, which does not leave room for interpretation. The National Minimum wage Act has seen a number of aggressive investigations of employers, who through naivety had not done enough due diligence on their contract. This then left them with a significant back tax bill, so first, get this bit right.
walking with my nanny
Nanny Wage Ltd, offer a suitable employment contract as part of their payroll service, so therefore this is an important factor in taking care of potential nanny tax pitfalls. The payroll service that Nanny Wage Ltd offers is complete service, from calculating Tax, National Insurance, Sickness benefit and also coming with a proper wage slip. I am pretty certain, that a number of people are not aware of their nanny tax obligations, and therefore they should carefully consider using a service such as Nanny Wage Ltd, as an alternative to their current arrangements. It could save them a lot of hassle and money in the future, if they use a company that knows the industry well. For a princely sum of £115 per year, to have all of tax and employment issues taken care of, it seems like an excellent option.