How to Hire Kids in Your Business

The tax benefits are amazing because essentially if you hire your kid in your business, you're able to get a tax deduction for the business. And then the best part is because now that child has earned income, they're actually able to contribute to a retirement account, such as a Roth IRA. So basically that's 3000 dollars Roth IRA tax free the entire way from the business to the child child to the wealth account. Now they have 30 grand and they could buy a first time home.