How to Hire Your Kids Legally
π Description:
Want to legally hire your kids and save thousands in taxes? The Complete Hiring Your Child Kit gives you everything you need to pay your child through your business β the right way. This all-in-one system simplifies compliance, maximizes tax benefits, and sets your child up for financial success.
Perfect for entrepreneurs, small business owners, and tax professionals looking to leverage family employment strategies.
π¦ Whatβs Included:
- π§Ύ Editable Job Descriptions (5 roles for ages 5β17)
- π§ΎStep by Step Guide for hiring your kids
- Clearly defined roles like Office Assistant, Marketing Helper, and Brand Spokes kid.
- π One-Page Timesheet Template
- IRS-compliant weekly tracker to log hours, tasks, and pay.
- β Payroll Checklist
- Step-by-step process to stay compliant β from W-4s to year-end filings.
- πΈ Custodial Roth IRA Setup Guide
- Start building generational wealth by investing your child's earned income tax-free.
π― Why You Need This Kit:
- β Legally shift income and reduce your taxable business profits
- β Teach your kids responsibility and financial literacy
- β Avoid IRS red flags with proper documentation
- β Build a Roth IRA early and watch compound interest work for decades
π¨βπ©βπ§βπ¦ Ideal For:
- Self-employed parents
- Family-run businesses
- Tax preparers & accountants
- Homeschooling families incorporating financial education
π Format:
- Delivered as a PDF download and Canva template
- Printable and fillable
- Ready to use instantly