We receive a lot of inquiries this time of year about holiday bonuses. The two most common questions we hear are: “What is the standard amount to give?” and “Is it taxable?”
To answer the first question, traditionally, holiday bonuses are between 1 to 2 weeks salary. If you can’t afford to provide 1-2 weeks salary, gifts such as a restaurant or spa gift card or a small token cash amount let your nanny know you appreciate her without breaking the bank. Additionally, since your relationship with your nanny is personal, the ultimate decision of what you give and how much you are comfortable giving is up to you.
For the second question, we turned to our friends at Breedlove & Associates, the industry leader in household employer taxes and payroll services. Breedlove advises that, “All bonuses and gifts are considered taxable compensation and by law must be handled like standard wages. Therefore, families should assume that their total cost of providing a bonus will be the bonus amount plus approximately 10%. For example, a $500 bonus would result in a total employer cost of about $550.” If you have any further tax related questions on this topic, please feel free to contact Breedlove at 888-273-3356.
Do you give your nanny or household employeee a holiday bonus? Is it in addition to or in lieu of an actual gift? We’d love to hear your thoughts.
With December upon us, things can start to get overwhelming – holiday parties, Christmas shopping, holiday cooking, planning for special events, traveling and more. While children have the joy of looking forward to their winter break, working parents are faced with another task – finding seasonal childcare. To help kill two birds with one stone, savvy families are hiring full-time, seasonal Nannies.
Seasonal nannies are caregivers who take on short term positions for the holiday season. They can be college students or teachers who are looking to earn some money over their
winter break, or currently unemployed nannies that are happy to take on a short term assignment while they continue to look for something more long term. Either way, seasonal nannies can help alleviate many of the holiday stresses for parents. Not only do they offer a solution to childcare, but they can easily take on extra tasks like running errands, assisting with holiday shopping, helping prep or cook holiday meals, and more. Additionally, seasonal nannies often offer evening or off-hour babysitting, allowing parents to attend holiday parties, get some holiday shopping done, or just taking a much needed night off.
Post your Seasonal Nanny Job on GoNannies.com
GoNannies has thousands of nannies from which to choose. To find a great nanny, be sure to post your job right away before the good nannies are all booked up. And remember, paid GoNannies members have free access to background checks and online references to help make your screening easier. Run a free SEARCH NOW to view the profiles of Nannies near you!
Do you have other great suggestions for families looking for temporary care? Please share