A nanny payroll calculator can be leveraged in a few different ways by household employees and employers. First, both nannies and household employers look to calculator tools to better understand how the various employment laws and nanny taxes affect their total employment costs, as well as the employee’s take-home pay. If you’re trying to understand the effect of various employment taxes on weekly/biweekly/monthly paychecks, know that you’re not alone. It’s one thing to learn the basic rundown of nanny payroll guidelines. It’s another thing to put this knowledge into practical use on a regular basis and still sleep well, knowing that your paychecks and payroll information is done right.
Examples of Free, Online Calculators
Here’s the good news: It’s not difficult to find a free nanny payroll calculator online. If you’re looking for that type of quick estimate, if you have a general salary figure in mind, or if you’re trying to make informed decisions about total employee costs, take a minute to check out these online tools:
Care.com HomePay – This tool allows users to calculate hourly pay, a salary, gross pay, and net pay. It also includes a separate budget calculator function, which allows you to estimate nanny taxes and identify potential tax breaks.
NannyChex – The NannyChex calculator is great for general payroll estimates. If you need more specific tax advice and guidance, they recommend calling them at 877-626-6924.
GTM Payroll Services – This nanny tax calculator allows users to estimate tax withholdings and savings. Plus, you can convert gross and net pay as well as salary to hourly pay rates.
My Home Pay – This employer budget calculator factors in the calculation type, earning type, pay cycle, and pay frequency. Users can also look for tax breaks and apply employee federal tax settings.
Nanny Payroll Calculator with Data Management Software
Resist the temptation to see a free payroll calculator as a potential solution or substitute for payroll software solutions. Sure, you could in theory use a free calculator to manually calculate nanny paychecks. But the key is that you’ll also have to aggregate this data on a quarterly and annual basis to comply with filing form requirements, including up to seven years of payroll record keeping. Don’t underestimate the time and hassles involved with these filing forms, or tying your weekly payroll to these quarterly and annual filings. At the same time, many software companies use subscription-based software fees to hide the fact that there’s a better option with Advanced Micro Solutions (AMS).
The Secret to a More Affordable Nanny Payroll Solution
AMS uses a versatile software platform with modular products and pricing. This allows our household employers and other types of small businesses to pick and choose the features that make sense for their payroll service needs. Already have a payroll system, but looking for Sch H Form 1040 and state-based employment filing form support? AMS Payroll Software offers Live and After-The-Fact payroll processing, support for all 50 states plus D.C., numerous paycheck and direct deposit options, and automated nanny payroll calculations.
To see how our own household payroll calculator works, download our free accounting software demo. You can also send us an email or call Sales and Information at (800) 536-1099 if you still have questions about our household employer software packages. You can buy our software online at any time. Looking to do a cost comparison with other nanny payroll software? Here’s our full catalogue of products and prices: