If your kids help in your business or you’re thinking about bringing them in, there’s a right way to do it and a wrong way to do it. In this Kaizen Time conversation, Eric Joern explains how employing your children can be both legitimate and tax-efficient when done correctly.
We cover how business structure affects payroll taxes, what qualifies as age-appropriate work, why W-2s matter, and how documentation protects you if the IRS ever asks questions. This isn’t about cutting corners. It’s about teaching responsibility, exposing kids to entrepreneurship, and following the tax code the way it was written.