3 Comments

Hey Darnell, congrats to Parker on her first job. Just wanted to make sure that you’re taking advantage of all the tax advantages that come with having employing a child. However, you may have to have an S corp to be able take advantage of this. Here’s an article outlining some of the benefits: https://www.blueandco.com/tax-benefits-of-hiring-children-in-the-family-business/

Expand full comment
author

Thank you, Ray. I’ve got a call scheduled this week to discuss this exact thing. It was something I thought I’d have to do but wasn’t certain. I appreciate you pointing it out.

Expand full comment

For sure, it’s great to have more of your savings go towards you and Parker!

Expand full comment