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How to Pay Your Kids Through Your Business
Not Your Father's Accountant
Welcome to Not Your Father’s Accountant, hosted by Igor Tutelman, CPA. In this episode, we dive into a clever tax-saving strategy for business owners who are also parents: paying your kids through your business.
Discover how this approach can save you thousands on taxes while teaching your kids valuable life skills. We’ll break down:
Tax and non-tax benefits of hiring your kids.
Key differences in payroll rules for kids under 18 vs. over 18.
Business structures like LLCs, S Corps, and Family Management Companies.
Compliance tips to keep the IRS happy.
Plus, get practical examples and free resources to help you implement this strategy seamlessly.
Tune in for actionable insights, a few laughs, and smarter ways to approach your finances. Don’t miss out—listen now!