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Utility Services Tax Return Gross Income Tax Ny  Form

Utility Services Tax Return Gross Income Tax Ny Form

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rookies use es Corps for placing children on payroll that's why we don't do that I would rather set up an LLC management company place the children on payroll through that LLC have that escorp pay the LLC a management fee and then I'll pay the children out through that LLC that way I don't have to pay payroll taxes and the children don't have to fly tax return this is how you do it without causing tax okay totally agree with this strategy so es Corps are great and paying your kids is a great option for getting them involved in reducing your taxable income but if you don't pay them right way you could end up having to pay payroll tax instead of income tax now we would take this a step further not only can you pay your kids but you can set up a retirement account like a raw ir and they can fund a retirement account and that money is going to grow tax deferred and then they can take that money out taxfree in retirement want to learn more way

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