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Video Tips: Getting Your Kids into The Family Business This Summer Break

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Video Tips: Getting Your Kids into The Family Business This Summer Break
It's almost summertime! Ever considered hiring your kid to work for you? Assuming a child is suitable for the job, a reasonable salary paid to the child reduces the self-employment income and tax of the parents (business owners) by shifting income to the child. Plus, if the business is unincorporated, children under 18 are not subject to payroll taxes.





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