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#17: Hiring Your Kids: Tax-Saving Strategy or Really Risky Move?
Manage episode 435563366 series 3569550
Natalie Kolodij and EA에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Natalie Kolodij and EA 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Maximize Tax Benefits by Employing Your Children: Key Strategies and Pitfalls
https://www.incite.tax
In this episode of 'Real Estate is Taxing,' host Natalie Kolodij delves into the strategy of employing your children in your business.
She outlines the numerous benefits, including significant tax savings and the opportunity to fund a Roth IRA at an early age. Natalie also discusses crucial compliance requirements to avoid costly mistakes, such as treating the children as actual employees, paying reasonable wages, and issuing W-2 forms instead of 1099s.
The episode provides essential guidelines to help business owners implement this strategy correctly and reap the financial advantages.
00:00 Introduction to Real Estate Taxing
01:41 Why Employing Your Children is Beneficial
02:29 Tax Benefits of Employing Your Children
08:17 Common Mistakes to Avoid
13:50 Entity Types and Payroll Taxes
14:55 Proper Documentation and Compliance
23:59 Recap and Final Thoughts
22 에피소드
공유
