Tax Smart Parent

A simple guide for families building smart systems You’ve decided you want to pay your kids legally. You’re building something: a business, a brand, a system of your own. You’re ready to do it right — with clean records, payroll, and real strategy. But one big question remains:

A practical guide to setting reasonable, IRS-safe compensation for children working in your family business When we first began paying our children through our family business, we didn’t start with the maximum. We started with a question: “What would someone else pay a child to do this?” That question

How We Track Our Kids’ Work Why documentation matters more than most families think You’ve set up the business. You’ve chosen the pay. You’ve even involved your kids in content creation, modeling, packaging, or some other legitimate task. Now comes the part most families skip: Documenting it.