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Updated about 2 months ago on . Most recent reply

Jay Elvin's profile image
Jay Elvin's profile image
Jay Elvin
  • Investor
  • from Collegeville PA
  • Member since Aug 3, 2015

User Stats

30
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3
Votes
Jay Elvin's profile image
Jay Elvin's profile image
Jay Elvin
  • Investor
  • from Collegeville PA
  • Member since Aug 3, 2015
Jay Elvin
  • Investor
  • Collegeville PA
3
Votes |
30
Posts
Personal Finance

Paying your kids for tax purposes

Jay Elvin
  • Investor
  • Collegeville PA
Posted

For those of you who pay your kids out of your business, do you use an HR/payroll company?  I've looked into Gusto.  My accountant recommended putting it through payroll.  Gusto is about $45/month.  

My plan is to start a Roth for my children while getting the tax deductions.  


Thanks in advance! 

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