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Employing a Nanny the Stress Free Way With Taxing Nannies

December 9th, 2010 admin
content img 300x165 Employing a Nanny the Stress Free Way With Taxing Nannies

Taxing Nannies makes nanny tax easy.

Taxing Nannies was established in 1995 as one of the original specialist payroll agencies for employers of nannies.  They have since helped thousands of parents through the nanny tax minefield.  No longer do you have to worry about issues such as calculating tax and national insurance, how to write a contract of employment or what to do about Statutory Sick Pay or Maternity Pay.  In fact, you need have hardly any contact with HM Revenue and Customs at all.  The nanny tax and nanny PAYE service handles the whole thing for you.

Taxing Nannies currently has an all female team which is led by Sara Graff, a Chartered Accountant and Chartered Tax Advisor for over 25 years.  Sara is a mother who has previously employed nannies and so understands the needs and concerns of her clients.

Sara Graff qualified as a Chartered Accountant in 1982 and has spent much of her career in private practice. For several years she worked as an Audit Manager for medium sized firms of Chartered Accountants and subsequently moved to a small firm where she acquired a portfolio of clients who were individuals and small businesses, and this became an area of expertise. Sara set up her own practice Sara Graff and Co in 2002 to run alongside Taxing Nannies, where she has continued her work as a small business specialist.

Sara offers a personal touch. Her approach to business is that she wants to make it as easy as possible to employ a nanny and not have to worry about the potential tax issues. Sara says, “Nanny tax can be a real nightmare for parents. It’s challenging enough working out all the other issues around successful childcare; we take the tax issues off of your hands”.

Sara remembers only too well the juggling and the planning around childcare. She set up the nanny tax and payroll service to take the stress out of the paperwork around employing a nanny, though the service works just as well for housekeepers, gardeners, butlers, drivers, cleaners and other domestic staff. Taxing Nannies already run payrolls for a range of nurseries and other small businesses.

The team prides themselves on providing a highly personal service for their clients and have earned a reputation for being an extremely responsive, efficient, professional organisation that still has the time and inclination to talk to and listen to our clients’ queries and concerns.  Be it end of year accounts for a business owner, or setting up a nanny payroll, Taxing Nannies’ staff are there to listen to their clients. The website has recently been updated and contains plenty of free tips and information for current and prospective clients.

Sara Graff and Co and Taxing Nannies work nationwide and client locations include Scotland, Wales, Bedfordshire, Berkshire, Buckinghamshire, Cambridgeshire, Cheshire, Cornwall, Derbyshire, Devon, Dorset, Essex, Gloucestershire, Hampshire, Herefordshire, Kent, Lancashire, Leicestershire, London, Middlesex, Norfolk, Northamptonshire, Northumberland, Nottinghamshire, Oxfordshire, Shropshire, Somerset, Suffolk, Surrey, Sussex, Wiltshire, Worcestershire, and Yorkshire.

Sara and her team are always happy to help and can be contacted at +44(0)20 8882 6847 or email info@taxingnannies.co.uk.

PANORAMA

November 9th, 2010 admin

I watched yesterday’s Panorama programme “Are you paying too much tax” and could not believe how lightweight and uninformative it was.  There has been much publicity over the past few weeks about the implementation of HMRC’s new PAYE system (NPS) and how as a result of bringing the Revenue’s affairs up to date, several million assessments have been issued to employees of multiple jobs or where they have pensions.  Panorama offered very little additional information other than explaining that HMRC were going to have to make budget and staff cuts.

The programme tracked various taxpayers, mainly elderly, who had received assessments ranging from a few hundred pounds to £11,000.  At the end of the programme we were told that the amounts in the cases shown had all been written off.  What was not clear was whether those assessments were inaccurate or whether HMRC had treated those particular taxpayers favourably as a result of the programme.

I do not believe that a viewer who had been issued with a tax assessment would have been any the wiser following the programme and there were certainly no suggestions as to how taxpayers might check that the assessments were correct.

If you are in receipt of such a tax assessment and would like a professional to review it, we would be very happy to help for a reasonable fee.  Please contact us on info@saragraff.co.uk or post@taxingnannies.co.uk or telephone 020 8882 6847.

PENALTIES FOR LATE PAYMENT OF PAYE

November 5th, 2010 admin

The new penalty regime means that you may now have to pay a late payment penalty if you do not pay the PAYE due ON TIME on time and IN FULL.  Late is even one day late!

If you pay electronically your cleared payment must reach HMRC’s bank account no later than the 22nd of the month following the end of the month or quarter to which it relates. Where the 22nd falls on a weekend or bank holiday, you must ensure that your payment arrives no later than the last bank working day before the 22nd.

If you pay by cheque it must reach HMRC by 19th of the month following the end of the period to which it relates.  Where the 19th falls on a weekend or bank holiday, you must ensure that your payment arrives no later than the last bank working day before the 19th.

The table below shows how the penalties will be calculated:

No of times payments are late in a tax year    Penalty percentage
1 *                                                                                     No penalty
2-4                                                                                           1%
5-7                                                                                           2%
8-10                                                                                         3%
11 or more                                                                             4%

* if one payment is late and it is late by more than six months you will still be liable to a penalty.

HMRC state they expect employers to pay on time. If you are having difficulties you should ring HMRC’s Business Payment “Support” Service on Tel 0845 302 1435 as soon as possible and before the payment deadline falls due. In certain circumstances HMRC may allow some extra time to pay.

Nanny Payroll Advice

October 28th, 2010 admin
image 1 Nanny Payroll Advice

If you employ a nanny you need to know the tax rules

Employing a nanny brings with it the same obligations as any business taking on an employee. By law, therefore, an employer must account for Income Tax and National Insurance Contributions on the salary paid to a nanny or mothers help, whether they are full time, part time or temporary.

A nanny’s salary is normally quoted net of deductions (i.e. the amount she wishes to receive in her hand), and it is therefore the employers responsibility to pay over to PAYE, Employees National Insurance and Employers National Insurance to HM Revenue & Customs in addition to the net salary paid to the nanny. Expenses paid in benefits provided on behalf of a nanny in addition to her salary may be liable to a separate charge to Tax and National Insurance.

Remember that avoiding the taxman is illegal. If HMRC catches up with an employer who has failed to declare their nanny for tax purposes or has tried to maintain that she is self-employed, then they will be liable to pay the correct Tax and National Insurance Contributions and interest and penalties. There is no legal right to seek repayment from the nanny.

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Is this what they call Customer Service?

October 16th, 2010 admin

Over the last few years Taxing Nannies have been fortunate in having a designated tax office and team to deal with all our clients. HMRC, have in their infinite wisdom, decided to move all our clients to a central office which will house the payroll details of every employee in the country. This office will have no telephone contact and we will have to telephone the Employer Helpline, a general call centre, which will not be able to deal with individual queries.

They will send an email to a Revenue officer who will then ring us back which could be up to a week later. Up to now it has been largely up to payroll agents to sort out the Revenue’s mess. Our hands are now going to be tied. It will be our clients and their nannies who will suffer. Haven’t HMRC made enough mess with employees’ tax affairs?

Your feedback is welcome!

Nanny Payroll Service

September 20th, 2010 admin

Taxing Nannies is the very best nanny payroll service, because we have a very high ratio of staff to clients and consider customer service to be paramount. We pride ourselves on providing a highly personal service for our clients and have earned a reputation for being an extremely responsive, efficient, professional organisation that still has the time and inclination to talk to and listen to our clients’ queries and concerns.

Taxing Nannies also carries out a payroll service for employers of housekeepers, gardeners, butlers, drivers, cleaners and other domestic staff as well as running payrolls for a range of nurseries and other small businesses.

Taxing Nannies currently has an all female team which is led by Sara Graff, a Chartered Accountant and Chartered Tax Advisor for 27 years. Sara is a mother of teenage boys who has previously employed nannies and so understands the needs and concerns of her clients.

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