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Here's how to hire your young ones for your S Corp:
1 year ago
15
Do you want to hire your young ones for your S Corp?
📖 Join my Tax Minimization Program and check out the article I wrote about hiring your kids for comprehensive insights.
📝 Have an Employment Agreement in place detailing roles and pay, making the hiring authentic and official.
💼 Job Description: Clearly outline their tasks and responsibilities.
⏰ Time Sheet: Monitor their hours, tasks completed, dates, and payments.
💰 Reasonable Pay: Set a wage aligned with their roles, ensuring it's genuine and fair.
Proper documentation is the key to hiring your kids 🌱🔑
#Smallbusinessowner #taxseason #entreprenuer #sidehustle #startup #budgeting #personalfinance #taxplanning #taxstrategy #taxtok #tax #taxes #taxdeductions
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