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Daily Archives: July 31, 2020

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Children

Big Tax Breaks for Hiring Your Children in the Family Business

Blog, Business Owner/Self Employed, Family Finances, TaxBy Editorial TeamJuly 31, 2020

With jobs at a premium during the COVID-19 pandemic, you might consider hiring your children to help with your business. Financially, it makes more sense to keep family employed rather than hiring strangers, provided, of course, your family member is suitable for the job. Note, however, that wages paid to children and other relatives aren’t…

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