707-584-1040 info@mayclincpa.com

Sole Prop Tax Break For Those With Kids Under 18

by | May 17, 2014 | Sole Prop

Hi, I’m Tim Mayclin, CPA from Rohnert Park, California. If you operate your business as a sole proprietorship, and you have children under 18 years old you can pay them wages. You get the deduction and don’t pay payroll taxes on that amount. The kids...