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Do You Want to Save On Taxes? Hire Your Kids!
Manage episode 311328853 series 3108568
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On this episode, we discuss a tactical tax strategy for entrepreneurs and business owners with kids (or even parents). You will learn about the tax advantages of putting your kids on your company's payroll, how this money can be used to save for college and financial independence, and the ancillary benefits of teaching your kids about work ethic. We love strategies that can accelerate your wealth creation in many different ways. This is one of them. Tune in to this episode of the "Sharing the Illumination Wealth" podcast to find out more.
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