Finding jobs your child can perform in your business serves multiple purposes for your family – and your pocketbook. Running a business while managing family life—especially during summer—can be challenging. Hiring your kids isn’t just a way to keep them occupied; it’s also a fantastic way to teach financial literacy, help them build real-world skills, […]

Managing your business finances often means seeking smart strategies to minimize tax burdens. One intriguing question that some business owners ask is whether adding their children as part owners in the business can reduce their tax obligations. In this post, we’ll walk through Jamie Trull’s expert insights on this strategy, break down how it works, […]

As a parent and a business owner, the idea of hiring your children can be both appealing and practical … but you might be wondering “what age do you pay taxes?” Employing your children provides a great opportunity for them to learn business skills and earn money. But it also offers significant tax advantages. Did […]

Are you the proud owner of an S Corporation? Are you wondering if you can hire your children without setting up a family management company? If you want the associated tax benefits, look no further! In this comprehensive blog post, we will delve into the specifics of hiring your family members in an S Corp. […]

If you’ve ever wondered “Should I, can I, open a Roth IRA for my child?” Today I’m thrilled to share an exciting tax strategy with you today! This strategy is for small business owners who also have children. In this blog post, we’ll delve into the powerful concept of making your child a millionaire by […]