kids

If you have a business and you have kids, have you discovered how many benefits there are to putting them to work in the business? Pay them for work they legitimately do and you have a tax deduction. Up to $5,450 per year won’t be taxable to them.

There are three rules to this: 1 - Have a written job description. 2 - Make sure you (or rather your child) keeps track of the hours they work. 3 - Pay a reasonable wage for the work done.