Give us your details and we’ll be in touch asap

Insights

All Articles

Business Services

Business Tax

Personal tax

Probate and Inheritance Tax

VAT

Business Services  •  Business Tax  •  Personal tax  •  Small Business  •  Tax Planning

Will you cry over the tax your nanny COULD cost?

By RJP LLP on 21 April 2017

The school holidays are a time when business owners and professionals with younger children face the extra burden of trying to maintain operations as usual, whilst also juggling the need to entertain their children. For many a nanny is a good option, but unlike other forms of childcare where you are effectively paying for service provision, a nanny is your employee, which has tax implications. It is important to be aware of the latest employment tax legislation, which in the case of nannies can be unexpectedly complex, as Lesley Stalker explains in her article for Smallbusiness.co.uk.

Read our practical advice on the tax implications of employing a nanny.

Read more articles like this

Is it time to review your payroll operations?

Beware of ‘tax efficient investments’ involving offshore trusts

Managing the reduction to AIA (Annual Investment Allowance)

Mitigating the worst impacts of an inflationary environment

More help coming but not quite yet…Chancellor’s Spring Statement 2022

Share this:

All Articles

Business Services

Business Tax

Personal tax

Probate and Inheritance Tax

VAT

Image

60 Day Deadline for CGT Returns and Tax Payments

If you sell a property and incur capital gains tax on the transaction, you will need to file a tax return and also pay any tax that is due within 60 days of completion, or penalties will arise. Need help with your property taxes? Talk to us.

The school holidays are a time when business owners and professionals with younger children face the extra burden of trying to maintain operations as usual, whilst also juggling the need to entertain their children. For many a nanny is a good option, but unlike other forms of childcare where you are effectively paying for service provision, a nanny is your employee, which has tax implications. It is important to be aware of the latest employment tax legislation, which in the case of nannies can be unexpectedly complex, as Lesley Stalker explains in her article for Smallbusiness.co.uk.

Read our practical advice on the tax implications of employing a nanny.