Submitted by MasonUberKirche t3_yierr8 in personalfinance
wild_b_cat t1_iui9vir wrote
How old are your kids, and what would you hire them to do?
What you want to do is legal, but only to the extent you're giving them a fair wage. You can't 'hire' a 6-year old to do some light chores then pay them $6,000.
MasonUberKirche OP t1_iuidb2f wrote
Currently its not much money and It’s age appropriate. Ive had to learn a good bit about withholding taxes and what’s required for children employees of sole proprietors. I think I have it all figured out, but a one hour chat with a professional would be with the money to avoid any mistakes.
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