Скачать или смотреть Bad Tax Ideas: Hiring Your Kids for Tax Savings — When It Works and When It Backfires

Hiring your children is one of the most frequently promoted tax strategies online, often pitched as an easy way to create large deductions while your kids pay little or no tax. While this strategy can work in limited situations, it is heavily misunderstood and commonly done incorrectly.

In this episode of the Bad Tax Ideas series, Andrew Jordan, CPA, explains:
• When paying your children is a legitimate business deduction
• What “ordinary and necessary” means when family is involved
• How reasonable pay and real work must be documented
• Why age-appropriate duties and fair market wages matter
• Payroll requirements, W-2s, and employment tax rules
• Why S-corporation owners often lose money by hiring their kids
• How payroll taxes can outweigh income tax savings
• Why lifestyle and family considerations should matter as much as tax savings

Andrew also walks through real-world examples showing how viral advice can ignore payroll taxes, audit risk, child labor laws, and documentation requirements — causing this strategy to backfire for many business owners.

This video is especially helpful for business owners in Joplin, Carthage, and across the United States who are evaluating proactive tax planning ideas and want to understand which family-based strategies are legitimate, compliant, and actually beneficial.

Learn more about proactive tax planning and advisory services at:
https://www.jordancpaservices.com