• How to Pay Your Kids Through Your Business

  • Dec 13 2024
  • Length: 7 mins
  • Podcast

How to Pay Your Kids Through Your Business

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  • Summary

  • Welcome to Not Your Father’s Accountant, hosted by Igor Tutelman, CPA. In this episode, we dive into a clever tax-saving strategy for business owners who are also parents: paying your kids through your business. Discover how this approach can save you thousands on taxes while teaching your kids valuable life skills. We’ll break down: Tax and non-tax benefits of hiring your kids. Key differences in payroll rules for kids under 18 vs. over 18. Business structures like LLCs, S Corps, and Family Management Companies. Compliance tips to keep the IRS happy. Plus, get practical examples and free resources to help you implement this strategy seamlessly. Tune in for actionable insights, a few laughs, and smarter ways to approach your finances. Don’t miss out—listen now!
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