107 \\ Tax Strategy: How Paying Your Kids Can Reduce Small Business Taxes

Paying your kids through your business can be a powerful tax strategy—but only if it’s done correctly. In this episode, you’ll learn the right way to hire your children, what tasks they can legally do, and how to document their work so the IRS allows the deduction. We cover age-appropriate roles, payroll rules, tracking hours, and how to pay fair market wages that hold up in an audit. You’ll also get practical examples of legitimate tasks kids can do—from office cleanup to social media help—and how this strategy shifts income into a lower tax bracket. Done right, it reduces your taxable income and teaches your kids responsibility at the same time.

 

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