If you’re already paying for your kids’ expenses—cell phones, school costs, tuition, car expenses, daily support—why not make those dollars work for you?
When your kids help in the business, you can legitimately put them on payroll and convert the money you’re already spending into a business deduction.
This works for kids under 18 and over 18, as long as you follow the proper process.
You’re already spending the money.
Getting it on the books the right way turns those costs into powerful write-offs.
Just make sure to do this before year-end and follow the formalities.
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