Business owners will be excited to learn there are legal ways to shift their income tax rate down to zero percent. In today's video, we will be sharing how you can use tax planning to reach this bracket by hiring your children. If your child is a minor and is employed by your business, you will be allowed to deduct their salaries from your business income as an expense. By utilizing the proper steps in hiring your children you will recognize this is a great opportunity to instill in them the value of honest work and using a great tax strategy which will help your business by increasing your tax savings. Make sure to check out the video to get more insight into this useful strategy!

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DISCLAIMER:
Tax Tips discussed here were prepared for the purpose of this video. To apply these strategies, please consult with your CPA or professional tax preparer.
DISCLAIMER:
Tax Tips discussed here were prepared for the purpose of this video. To apply these strategies, please consult with your CPA or professional tax preparer.

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