The Benefits of Employing Your Children
Author: Tax Secrets Ezine by Collin Almeida
How many times a week do you hear, "Mom, I need a new pair of shoes!" or "Dad, can I have money to go to a movie?" Not to mention the cost of school supplies, braces, and college tuition that haunt every parent. If you're like the average parent, you probably spend several thousand dollars a year providing for all the needs and wants of your children. But unlike most Americans, if you are a home-based business owner, you can make those thousands work for you.
The IRS allows you to hire your school-age children as part-time employees for your business. Then, you pay them a reasonable salary for their work that is then used to cover all their expenses. And their salary is completely...
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