Hiring your Kids Get up to $12,200

Homebased Business: HIRE YOUR KIDS AND GET UP TO $12,200

In the video, I will share why hiring your children in your homebased business make financial sense. As you know, there are over 475 tax deductions for self employed business owners, including hiring your kids to work in your home based business and paying each one up to $12,000 (you get the $12,000 back as a business deduction on schedule C of your 1040 tax return and the child doesn’t pay any taxes on it when he/she works for a parent in a sole proprietorship! – that’s just one example and it’s worth $12,000 per child!) -- and before anyone scares you away, child labor laws do not apply when your children work in your home doing non-agriculturual work (so, no farming!)

Build Wealth and Financial Legacy Checkout How to start a Homebased Business:
Buildwealthwithlynnandmel.com
Track your mileage and Try Taxbot for 2 weeks free: https://spendingtracker.isrefer.com/go/rewards/a287093
5 Easy Steps To Start A Homebase Business Get Your Money Back
https://www.youtube.com/watch?v=AS_piqYh_Kc

5 Reason You Need A Homebase Business
https://www.youtube.com/watch?v=0Qx4LwlHpzw&t=10s

HIRE YOUR KIDS AND GET UP TO $12,200 IN BUSINESS DEDUCTIONS PER CHILD!
READ: HIRING CHILDREN IN YOUR BUSINESS
https://www.sba.gov/blogs/5-reasons-hire-your-child
Read IRS Publication 15
https://www.irs.gov/publications/p15

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Видео Hiring your Kids Get up to $12,200 канала Marriage, Motherhood and Money