Have you ever considered hiring your children to work in your business? It affords the opportunity for your child to save for college or a car and gives you tax breaks on the money. Not being a financial planner myself, I was very pleased that Kristine McKinley has produced a very inexpensive report detailing all the necessary information including exactly how to report it and all the legalities surrounding it. You can get your copy of “How to hire your children in your business”. She writes in a very easy to understand and direct way so do not worry about be caught up in complicated tax language.
If you enjoyed this post, make sure you subscribe to my RSS feed!
2 responses so far ↓
1 Jenn Givler // Dec 11, 2007 at 8:28 pm
Very cool K - thanks for directing us to that resource. My little one (she’s 6) loves to help in the business - and really feel like she’s doing something… not just that Mommy is giving her something to keep her occupied.
She helps me organize the office and decide what can go and what stays. She helps me with my web site… I’ll show her different things I’m doing - like graphics I’m looking at, and she gives me feedback.
Before a local networking event, she’ll help me organize my marketing collateral (fliers, business cards, post cards, etc…), and she helps me get a brief case ready.
These seem like small tasks, but she really enjoys them - and she’s learning what it’s like for Mom to do work that she loves. We talk while we’re working, and I’m able to teach her about why I love what I do, and why I do what I do.
If you ask her, she’ll tell you that “Mommy talks to a lot of people all day long because she teaches women all over the world how to build a business.” LOL!!
2 Katherine Reschke // Dec 11, 2007 at 8:42 pm
That’s wonderful Jenn - and as soon as she hits 7 you will be able to officially hire her! She should have a wonderful college fund by the time she is 18.
Leave a Comment