April 11, 2022
How and Why You Should Put Your Children on Payroll to Save $12,000 a Year
Growing up happens in a soup of questions, memories, and firsts—weighty and lasting, light and short-lived.A tooth falling out for the first timeA first dentist or doctor’s visitFamily vacationsA favorite family member—uncle, aunt, or cousinFirst lovesTo play sports or learn a programming language?What college?What major?Join the family business?For the last point, most kids don’t join the family business because most families don’t own one.However, 93% of entrepreneurs agree that starting young influenced their business success. Also, a Southern Methodist University psychologist says parental guidance defines a child’s long-term choices.Want your children to fancy joining your family business? Bring them in now.Apart from boosting your child’s entrepreneurial strengths, hiring them can help you reduce your tax burden by $12,000 a year.This article isn’t legal advice. But you’ll gain valuable education.
Nicholas Godwin
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
Read More >>
