Are you a physician who owns a practice and has children? This episode is for you. We are delving into the benefits of employing your children in your business and the opportunities provided by the IRS, such as decreased household taxes due to the lower tax rates applicable to children.
Whether it’s managing social media or handling tech-related tasks, you will learn the importance of conducting all transactions by the book. If you haven’t considered paying your kids in your practice and they are of age, it is highly recommended to consult with your CPA to fully understand and leverage the powerful tool of compensating your children, while simultaneously gaining tax advantages.
What You’ll Learn In Today’s Episode:
- How to employ your kids in your business.
- The tax-saving opportunities that come from employing your children.
- The importance of doing this by the book.
- How to give your child the gift of compounding.
- How to lower your tax burden.
Ideas Worth Sharing:
Resources In Today’s Episode:
Share The Love:
If you like the Anesthesia & Pain Management Success podcast …
Never miss an episode by subscribing via Apple Podcasts, Spotify, Stitcher, Amazon, Google Podcasts, or by RSS!