Wednesday Dec 21, 2022

15 \\ Hire Your Kids and Slash Your Taxes: The Secret Strategy Every Business Owner Needs

Are you a small business owner with kids between the ages of 7 and 17? This episode is a must-listen! Discover how employing your children can reduce your taxes while teaching them valuable life skills and building a strong work ethic. We’ll answer listener questions and break down the steps to ensure you’re doing everything legally and efficiently.

Learn whether to pay your kids through your business or a family LLC, how to set up a Roth IRA for their earnings, and the paperwork you need to keep everything above board. This strategy isn’t just about saving on taxes—it’s also about making your business a family affair while giving your kids a head start on financial responsibility. Don’t miss this episode packed with actionable tips to save money and empower the next generation!

 

Next Steps:

💰Pay Less in Taxes – Start Here! 💰

☎️ Are you overpaying in taxes every year?  Schedule a FREE discovery call to find out!

📧 Contact Me --> hello@phillipsbusinessgroup.com 

📲 Follow me on IG @ the.tiffany.p.cpa

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