This blog is about my Life as Nanny. I will share things about the Nanny Industry and my own personal experience as a Nanny and the ups and downs in the business. Over the years the Nanny Industry has grown and more more parents and professionals are taking notice that Nannies are no longer the underpaid care providers and that we provide a service that makes it possible for these people to make a living.
Wednesday, July 14, 2010
This thing called Nanny Tax
Okay, so I have been a Nanny for 13 years and have been working on the books for 13 years before the Nanny Tax laws were as big as they are now. So I am going through the lovely interview process that we all love so much. Well I have been on 4 interviews in the last week and out of 4 families 3 of the 4 don't want to do taxes. So of course I am like what the heck is going on is this a new thing or have I been out the interviewing process for so long that this is the new norm? Okay so now I guess I am must come across as being the Nanny Tax Advocate when talking to parents, because I have no idea why they wouldnt want to do taxes let alone get the Child Care Tax Credit. Well isn't it my responsibility to make sure I educate these families regardless if they take my advice or not? So, now I am faced with negotiating my salary with some of the other families who I have interviewed with who want to do taxes. Okay someone please tell me why $425 a week seems to be the magic number for these families for net salary its driving me crazy. I am like hold up you want me to work 55 hrs a week for $8.00hr for the first 40 hrs and then $12.00 hr for the extra 15 hrs which are deemed overtime in the eyes of the law (Thanks GTM and Associates for the over time calculator ) So the grand total is $500 a week for 55 hrs a week and after taxes your looking at $425-$430 net. I am sorry but umm that's nuts and there is no way I am working 55hrs a week and only bringing home $430 a week and I have 13 yrs of experience. I just don't get why advertise for a Nanny with more then 5 years experience when you really only want to pay for a Nanny that has 1-2 years experience and even then I think those nannies want to make more then that. Oh well back to negotiations
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Very frustrating indeed. Stephanie BestNannyNewsletter.com
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