Hiring Family Members — Tax Benefits and Pitfalls
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Hiring Family Members — Tax Benefits and Pitfalls
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About this listen
Hiring family can be a smart tax move—but only if it's done right. In this episode, Nima breaks down the IRS rules around employing your spouse or children, how to document the arrangement properly, and the deductions business owners often overlook. You'll learn the tax advantages of keeping income in the family, common mistakes that trigger audits, and how to make sure your setup is compliant and beneficial for everyone involved.
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.