If your children work in your business you can benefit in two important ways.
- You’ll get to have extra family time and help them develop a strong work ethic.
- You can create some nice tax savings for yourself.
Want to learn how you and your kids can both benefit thanks to Uncle Sam? Don’t miss my new article titled Tax Tips: Hire Your Kids to Work in Your LLC or Sole Proprietorship and Put a Huge Chunk of Their Pay Back in Your Pocket.
Three ways our fact-filled article can help you:
- We’ll explain all the tax breaks you’re entitled to. They can be considerable. For example, if you operate a qualifying LLC or sole proprietorship, you get a break on payroll taxes when you employ certain family members. You’ll get the whole story when you read the full article.
- You’ll learn why corporation owners get a smaller benefit. Sorry, but if you run your business as a corporation, you don’t get a big family tax-break on payroll taxes. But don’t despair. You still can save on taxes. You’ll get all the details when you read the full article.
- We’ll tell you why you don’t have to worry about “Kiddie Tax” problems. This one’s easy! The so-called kiddie tax doesn’t apply to earned income. In other words, if your child works in your business, there’s no kiddie tax on the income. We’ll explain everything when you read the full article.