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Small Business Accounting

Hiring Your Children (and Grandparents): A Legit, Audit-Ready Tax Strategy for Small Businesses

Paying family members for real work in your business can legally shift income into lower brackets, reduce self-employment tax, and keep more money in the family—while teaching valuable skills. Here’s the short, practical version. Why it works Income shifting: Pay your child for bona fide work → income moves from your higher bracket to their…

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