May 15, 2013 Accounting, Cash Flow, Finances, Wealth

Hiring Your Kids: What it Means for Your Taxes

If you hire your child to take the reins of your business, you might be able to avoid withholding Social Security and Medicare taxes on his or her wages.  However, it’s important to pay them a reasonable salary and keep records to document the arrangement. Which lead’s me to this month’s Your Money Saving Tip article found by CLICKING HERE.

Please contact us with any questions you may have.

In Abundance,

LEAVE A COMMENT

Your email address will not be published.