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It's no secret that nannying is often an "under-the-table" industry when it comes to compensation. Aside from that being, well, illegal, here are two big reasons why you shouldn't accept a job that pays in straight cash:
1) You can't qualify for loans. That car you want to buy? The student loan you need? That health insurance you're applying for? Without a legal employment history, you may not qualify.
2) You're hurting your financial future. When you contribute the required amount to your retirement account with the Social Security Administration, your employer provides a dollar-for-dollar match. Without this nest egg (which is compounded with interest), you're not saving wisely.
To benefit both parents and nannies, Sittercity has a super simple way for employers to pay nannies legally without any trouble or confusion. SurePayroll is an online payroll system that deposits checks into your account, keeps track of your payment history, automatically deducts taxes and much more.
Click here to learn just how easy SurePayroll is.
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