Thinking of putting your kids on payroll through your S-Corp or C-Corp? You could be triggering unnecessary taxes.
Here’s a smarter move 👉 Set up a separate sole proprietorship or partnership LLC to legally pay your children without employment taxes or withholdings (if under the standard deduction).
BUT—don’t just wing it based on advice from the internet. Work with a pro who knows how to structure it right.
#TaxStrategy #FamilyBusiness #SmartParenting #LLCtips #AndersonAdvisors #TaxHacks #BusinessOwners #PayYourKids
Would you like to learn more about protecting your assets and minimizing taxes? Schedule a free consultation here: https://aba.link/scc
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CONTACT US
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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