Hire your children as employees to save tax!
Hire your children as
employees to save tax!
Tax benefits of Hiring your Kids to work for your Business: If you hire your children as employees to save tax, you can deduct the salaries you pay them. If your child is under 18, you don’t even need to pay Payroll taxes – that is payments such as FUTA and FICA that are required for other employees.
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