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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.

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This can save you time and money, plus we can advise on matters related to inheritance tax at the same time.