Many families avoid deducting nanny tax from their payroll as they become stressed by the thought of filing an additional set of taxes and they feel that it is easier to pay their nannies under the table. Avoiding your nanny taxes is dangerous and it will come back to haunt you in many ways. Here at Tax4Nanny, we stress the importance of staying on top of your nanny taxes, and we offer you a comprehensive service that makes the entire process thoughtless.
Value your Employee
One of the best ways to maintain a positive relationship with your nanny is to treat him or her like any other employee. This means you must collect and file nanny taxes in order to provide them with appropriate tax information when they file for their personal taxes. By doing this you are sending teh message o your nany that you VALUE them Collecting nanny tax may seem like a small gesture, but it goes a long way. With a strong relationship between you and your nanny, you will never have to worry about the quality of care that your children are receiving.
In addition, completing your nanny taxes protects you from unwanted visits from the Canadian Revenue Agency. If you complete your nanny taxes accurately, you will have nothing to hide if they come knocking on your door. There is nothing worse than being unprepared for an audit by the CRA.
Tax4Nanny completes nanny tax for clients located in Toronto, the GTA, and throughout all of Ontario. We work with many families all across Canada. We are a dedicated nanny taxes service (the best payroll service in Canada for nannies and eldercare) and we have many years of experience in the industry. If you have any questions about our services, please feel free to contact us today. We would be more than happy to hear from you.