If you an s corp, you will have to pay payroll taxes. If you are an llc, she

Sign up, and you'll be able to customize your font size and more! Sign up

Report problem with this ad

Dec 28, 2024
5:54:19pm

diluigifan All-American

If you an s corp, you will have to pay payroll taxes. If you are an llc, she

Won’t have to pay payroll taxes.

Report problem with this ad

diluigifan

Bio page: diluigifan
Joined: Jan 14, 2007
Last login: Jan 3, 2025
Total posts: 2,213 (1 FO)

Report problem with this ad

Messages

Author

Time

What are the rules for paying your child through your business?

kosmokramer

12/28/24 10:25am

If she does work for the business, pay her through the business.

TwinsRight

12/28/24 10:27am

And she pays taxes on that money at her lower tax rate instead of your high rate

justAnotherCoug

12/28/24 11:38am

Yes, great tax savings opportunity.

12/28/24 10:27am

If you have an s corp, create a family llc. Pay the llc, then pay her

diluigifan

12/28/24 10:37am

Find legitimate duties for her to do at your business. You have to pay her

kotacoug

12/28/24 10:37am

Does she still get all the normal FICA taxes taken out, do I set it up exactly

kosmokramer

12/28/24 10:47am

Here is a good article on it….

kotacoug

12/28/24 1:54pm

If you an s corp, you will have to pay payroll taxes. If you are an llc, she

diluigifan

12/28/24 5:54pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad