64. How to Pay Your Kids from Your Business to Save Money on Taxes
Welcome to The Fit Wealth Show, have you ever wondered if adding your kids to your payroll could save you money on taxes? Is it too good to be true, is it something that the IRS frowns upon? Well stay tuned for today’s episode of the Fit Wealth Show where we talk about the ins and outs and “how to’s” for paying your kids from your business.
- What is the purpose or goal of paying your kids from your business
- The 3 Steps for Paying your Kids from your business
- How to implement this as a tax strategy for your business
- How to use the money you pay your kids
- How to make your kids millionaires with the money they make
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The Fit Wealth Show is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.