Tax Benefits of Putting Junior Family Members on the Payroll

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As a business owner, you should be aware that you can save family income and payroll taxes by putting junior family members on the payroll. You may be able to turn high-taxed income into tax-free or low-taxed income, achieve social security tax savings (depending on how your business is organized), and even make retirement plan contributions for your child.  Read this article to learn more.


Dean Holland, CPA, MSA


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