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Tax Return for nanny


Nannies can play a very important role in the lives of children, caring for them, feeding them, and teaching them.

Parents usually hire nannies because they spend long hours at work away from children, or just because they’d like an extra hand around the home.

As well as looking after children, you’ll often be required to do some of the cleaning and cooking too.

What skills do you need to be a nanny?

Since being a nanny requires you to care for children, it brings with it great responsibilities.

The sort of people who make good nannies are:

  • Dedicated
  • Knowledgeable on all aspects of raising and caring for children
  • Reliable
  • Responsible
  • Decent cooks
  • Trustworthy
  • Patient

Learning to be a nanny – training and qualifications

Though having qualifications isn’t strictly necessary to becoming a self-employed nanny, parents are understandably very fussy when it comes to who they’ll trust with their children.

The first step to making parents more likely to trust you is to study in childcare-based qualifications.

Some of the most recognised childcare qualifications are provided by CACHE, or the Council for Awards in Care, Health and Education. They provide various courses teaching skills relevant to being a nanny.

By studying and gaining a qualification, not only will you learn to become a better carer of children, parents will be more likely to hire you, and agencies will be more likely to take you on to help you find work.

Getting experience as a self-employed nanny

At the beginning of your career as a self-employed nanny, you should try to gain as much experience as possible.

Also, the experience should come from a wide range of areas, from working with large groups of children in nurseries to working with families in their homes.

This will give you the opportunity to see what you’re best at, and let you decide if you’d like to specialise in a particular area of childcare.

How to find work as a freelance nanny

Becoming a successful nanny depends a lot on trust and on your track record, so finding work at the beginning will take time, but there are things you can do to improve your chances:

  • Join a nanny agency: a nanny agency will notify you of any job opportunities. Most of them will only let you join if you’re qualified. Only join an agency after you’ve checked that they are legitimate.
  • Ask friends and family: Finding work as a nanny is about trust. People will only let you care for their children if they trust you. Ask family and friends if they know of anybody looking for a nanny, since potential clients will be quicker to trust you if you have somebody to vouch for you.
  • Word of mouth: The level of trust required also means that if you do a good job for a client, they’ll likely refer their friends to your nanny service.
  • Place adverts in local shops and newspapers: Many of your potential clients will be in your local area, so this option will target them, and is also relatively inexpensive.
  • Make a website: A professional website will make you look more credible, and is a great place to display contact details and write about previous work you’ve done.

Accounting for self-employed nannies

There are various benefits to freelancing as a nanny, from the freedom and flexibility to work with a variety of businesses and individuals to more take-home pay.

But there is one downside – accounting.

As a full-time employee, your tax is usually taken care of on your behalf in the form of PAYE.

As a freelancer you’ll have to keep a range of financial records and then prepare and pay a Self-Assessment tax return at the end of each business year.

Accountancy can be very confusing and can distract you from caring for your clients’ children.

Getting tax and accountancy advice

With most accountants, you’ll pay them to do your year-end accounts, and then they’ll forget about you until the next year.

But for your business to be run smoothly and successfully, you’ll need advice on tax and accountancy throughout the year, especially in the early days.

Pearl Accountants is different

Pearl Accountants provides an affordable and specialist accountancy service designed just for freelancers.

Throughout the year we’ll be on hand to give you any tax and accountancy advice you might need, including things like:

  • Take-home pay
  • Which VAT scheme to register for
  • Expenses
  • Tax allowances
  • Choosing between sole trader and limited company
  • Running your business in a tax-efficient way

We charge for our accountancy services in a clear and simple way, which means you’ll never receive an unexpected bill, and you can get in touch for advice whenever you want without the worry of being charged a fortune like you would with many other accountants.

Get in touch for more information and advice

For more information and a free consultation call us now on 020 8582 0076

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Overall: We have been using Pearl Accountants for over 10 years and developed very good business relationship. Very clear instructions with easy to follow accountancy system in place. Great expertise in tax efficiency as well as business grow and development services. One of the best chartered accountants in town.

We have already recommended your services and will share our good experience with others in future.

It is always someone available on the phone but if not available at the time your accountant will always call you back.
Complete peace of mind with prompt and clear communication so no deadline missed.

Very satisfied.

Dalia Sreideriene, Director at DS Eco Cleaning Services Limited

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