How to Hire Your Children (W2 vs 1099s)

Описание: We dive into a little-known strategy that can save you money on taxes and teach your kids valuable life skills: hiring your children in your business. We'll discuss the benefits of hiring your children, including tax deductions and the opportunity to teach them about finances and work ethic.

Learn the legal requirements, how to determine a fair wage, and how to document everything properly. Whether you're a small business owner or a freelancer, this strategy could benefit your family and your bottom line. Tune in to learn how to hire your children and make tax season a little brighter!

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Ashish began his career at Ernst and Young (EY), a Big Four accounting firm in Atlanta, where he worked on multiple private and publicly traded Fortune 500 companies. During his tax and accounting consultation roles, Ashish has developed a deep understanding of various complicated tax issues, tax planning opportunities, and tax-efficient real estate acquisitions. Early on, Ashish understood that most small businesses don’t have good CPA access, unlike large companies. So Ashish founded his firm to fill that void and now serves several clients who have entrusted their finances with him. He helps clients address their most significant concerns with his strategic team: mitigating taxes and preserving their wealth. He has helped countless small businesses with extremely valuable tax planning.

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