Children as Employees

Hiring family members can offer tax advantages (but be careful)

Employees, Employment Records, HRA, Small Business, Small Business Owners, Small Business Tax Tips, Sole Proprietors, Summer Employees / Douglas Freeman

Summertime can mean hiring time for many types of businesses. With legions of working-age kids and college students out of school, and some spouses of business owners looking for part-time or seasonal work, companies may have a much deeper hiring pool to dive into this time of year. If you’re considering hiring your children or […]

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The tax advantages of hiring your child this summer

Business Income Tax, Federal Income Tax, Federal Income Tax Filing, Federal Unemployment (FUTA Tax, Income Tax, Small Business Tax Tips, Social Security & Medicare (FICA) taxes, Summer Employees / Douglas Freeman

Summer is around the corner so you may be thinking about hiring young people at your small business. At the same time, you may have children looking to earn extra spending money. You can save family income and payroll taxes by putting your child on the payroll. It’s a win-win! Here are four tax advantages.

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