Employing Your Child and Understanding the Rules
Автор: CHN Advisors, CPA
Загружено: 2024-09-19
Просмотров: 463
Описание:
This discussion focuses on the possibility of employing a nine-year-old in your company. It clarifies that, under tax code, you can indeed hire your child as long as you are their legal guardian. While labor laws generally prohibit employment for children under eight due to concerns about their well-being, exceptions exist for those employed by their parents.
The main point is that there are no age restrictions for employing your own child, as long as the work is suitable and adheres to legal guidelines. This arrangement can be beneficial, allowing parents to involve their children in the family business while potentially enjoying tax advantages. Overall, it underscores the legal framework that supports this unique employment situation.
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