Small Business Tax Savings Podcast | Jetro And Associates
How to Hire Your Kids and Save $12,000 in Taxes (Legally)
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:17:03
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Sinopsis
Send us a textWhat if you could pay your kids a salary, take a business deduction, and teach them real financial skills at the same time? In this episode, Mike Jesowshek, CPA, explains how to legally hire your children in your business, what the IRS actually allows, and how to do it correctly so you avoid audits and penalties.You’ll learn the rules for paying your kids under age 18, how to document their work, how much you can pay them tax-free, and how this strategy can double as a wealth-building tool through Roth IRAs.