Business Taxes and Legal Issues

Resources and information on business taxes, legal business structures, and other related issues.

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Old 07-12-2012
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Lightbulb Hire your children and save on taxes!!
Good morning/afternoon,

Well, here I am again posting articles, sorry is just that I love to read LOL

Do you have teenagers who are currently asking you if they could work for the summer? Well, here is a solution, read this article.

http://www.entrepreneur.com/article/...=18&cdn=223968

I think I'll be hiring John (my oldest son) for the summer.

Enjoy!
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Old 07-12-2012
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Default Re: Hire your children and save on taxes!!
Both my children work for me. My son does business errands, pick ups and deliveries and my daughter is only 8 but I also give her jobs she stuffs and stamps envelopes and put them in the mail box and also does some filing for me. They are both a great help for the local inner office things. It is a great way to involve your children in your business and teach them money management and responsibility. Plus they both enjoy working with Mom and I enjoy working with them.
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Old 07-12-2012
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Default Re: Hire your children and save on taxes!!
Rhonda that is correct! It helps them learn dicipline and responsibility.
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Old 07-12-2012
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Default Re: Hire your children and save on taxes!!
I have hired my son until he turned 18. He ran errands, stuffed boxes and worked on graphics stuff for me. Just remember that even though they are not required to pay taxes you must still complete the proper end of year IRS paperwork.
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Old 07-12-2012
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Default Re: Hire your children and save on taxes!!
Yes Lee, or you will have a nice audit on your hands.
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Old 01-17-2013
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Default Re: Hire your children and save on taxes!!
I never considered hiring my children. My son is 9 and he loves to do stuff for me. I think I will have him to help me out with my marketing and mailings. Great idea! I am glad I ran across this discussion.
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Old 01-17-2013
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Default Re: Hire your children and save on taxes!!
I had hired my 13 year old to put a bunch of information that I'd collected into my phone...I had scads of pieces of paper with phone numbers, addresses, birthdays, etc. Yay, now I know I was onto something. (I hate doing that task so I hired her to do it.)

Thanks for the link,
Jan
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Old 01-24-2013
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Default Re: Hire your children and save on taxes!!
Glad I came across this. I have a soin to be 17 year old son. Last year we had the toughest time finding him a job; so I may need to consider this for this summer. Thanks!!!
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Old 01-24-2013
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Post Re: Hire your children and save on taxes!!
I remember hiring my sis last time for a part time work coz she's been asking money to buy new stuffs for school.

Since then she always ask for more work..haha this time to buy new gadget
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Old 01-24-2013
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Default Re: Hire your children and save on taxes!!
I'll have to 'borrow' some kids from friends this summer!
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