In this episode, the Huddle Guys talk about paying your kids…yes, you heard that correctly…putting your kids on the payroll. This topic is explored from the vantage point of business owners who want to explore ways for providing income to your children, with tax benefits to boot.
The Huddle Guys discuss strategies that allow for you to do this the correct way; this is less about providing a paycheck for your children, but ties more to concepts surrounding generational wealth, and transferring in a way that has tax benefits to all involved.
This is not a topic just for the super wealthy. This is a matter of applying proven wealth strategies regardless of your economic status. Small business owners listen up! The advice shared in this episode may have positive, lasting impact on your children and your business. Talk about a win-win!
Children of business owners, this is definitely an episode to share with your parents. It’s time to huddle up!
