Here is a good article on it….

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Dec 28, 2024
1:54:26pm

kotacoug All-American

Here is a good article on it….

Oberlanderandco

Hiring Your Kids to Work for You Can Result in Significant Tax Savings.

Do you have your teenage kids helping you at the office? If so, you might want to consider putting them on payroll and save on taxes

https://www.oberlanderandco.com/insights/kids-on-payroll

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kotacoug

Bio page: kotacoug
Joined: Jul 20, 2002
Last login: Jan 3, 2025
Total posts: 82,717 (4,784 FO)

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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

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