Tax Facts

Information to help individuals and small business navigate our complex Tax Laws. Not to be construed as tax advice. Contact your hired tax advisor for your specific tax situation and advice.

Hiring a Family Member?

Thinking about hiring your child to work for your business? The IRS expects that you will be following some rules if you decide to, so it's a good idea to become familiar with those rules prior to bringing Mini Me on board and taking the payroll deduction for it. Here are a few main ones:

The child must actually be an employee and that means they must actually be doing some productive work for the business and not sitting in a chair playing video games. On the other hand, the services they provide don't have to be along the lines of "resident genius" either. As long as they are doing work that is common and accepted for your type of business and helping things move along in the daily grind, then you're okay.

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