pay your child a wage for tax benefits

How to Legally Pay Your Child a Wage for Tax Benefits (Family-Owned Business)

Running a family-owned business comes with unique advantages—and one of the most powerful is the ability to legally pay your child a wage for tax benefits. By employing your child, you can reduce your business’s taxable income, teach them valuable work skills, and help them start building financial independence early. When structured correctly, this strategy […]

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