The IRS Could Pay You $6,614 To Hire Your Child To get my complete article with all the details… The government will pay you thousands for a decision you might already be making anyway: putting your child to work in your business. Sara Jackson's 13-year-old will earn $16,100 tax-free this year, and Sara will pocket a check from the federal and state governments for … [Read more...]
Husband and wife business
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Spouse on payroll: the compliance trap hiding in plain sight
“Spouse on Payroll: the ComplianceTrap Hiding in Plain Sight” To get my complete article with all the details… You hire your spouse. You set up a Section 105-HRA. The plan reimburses $20,000 in family medical costs. Now someone asks: shouldn't you also put your spouse on payroll and issue a W-2? It feels like the safe move. But safe for whom—and at what cost? Once … [Read more...]
The 50% Childcare Credit for One-Owner Businesses
“The 50% Childcare Creditfor One-Owner Businesses” To get my complete article with all the details… Do you operate a sole proprietorship or own an S or C corporation? If you’re paying for childcare and assumed the new 50% credit doesn’t work for you, this article is for you. Many one-owner businesses dismiss this credit because of DCAP rules or wage inclusion … [Read more...]
This Childcare Credit Just Got 4x Bigger
“This Childcare CreditJust Got 4x Bigger” To get my complete article with all the details… The employer childcare credit has been around for years. Most small businesses ignored it. That's about to change. Starting in 2026, the maximum credit jumped from $150,000 to $600,000. New rules let small businesses pool resources, contract with off-site providers, and … [Read more...]
Husband-and-Wife LLC—Do They Have to File a Partnership Return?
“The Filing Burden HiddenInside a Married-Couple LLC” To get my complete article with all the details… A married couple forms an LLC to hold rental property. Smart move for liability protection. But now what? Do they have to file a partnership return? The answer depends on where they live—and how they structured ownership. There are exceptions that let some … [Read more...]