06/25/2026
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Hiring your children in your business may offer legitimate tax advantages when done properly.
Wages paid to your child may be deductible as a business expense, and depending on their age and your business structure, there may also be payroll tax savings available.
To help stay compliant with IRS rules:
- The work must be legitimate
- Pay should be reasonable for the work performed
- Hours and job duties should be documented
- Proper payroll records should be maintained
Talk with your tax professional before setting up payroll for family members.
Need help with tax planning and tax strategy, or making sure your business is financially organized? Book a call to learn more about our services
Book a call using the link in our profile or comment “taxes” below to learn more about our services.
Book a free consultation today at Calendly.com/RealLedgers or comment "books" in the comments below and we'll touch base with you :)
Jennifer Cooke, CPA, MBA
RealLedgers Financial, PLLC
www.RealLedgers.com
[email protected]
(945) 213-1932