5 Things your Kids can Do to LOWER your INCOME TAXES

Business Tax & Accounting Secrets

As a business owner, you can lower your income taxes by employing your minor children. Here are 5 practical ways to integrate your kids into your business: 1. Wash Company Vehicles: Instead of paying for a car service, hire your kids to clean your business vehicles inside and out. This will teach them the value of hard work and save you money. 2. Clean the Office: Have your children take on tasks like taking out the trash, wiping down surfaces, and even shampooing carpets quarterly. Even if you have a cleaning crew, more must be done. 3. Social Media Assistance: Get your kids involved in your social media strategy. They can compile stats, create thumbnails, and research topics, helping you maintain a strong online presence. 4. NIL Deals: Use your children’s name, image, and likeness in your marketing materials. Featuring them on your website and social media can be effective and legal. 5. Transcribing Content: Older kids can transcribe your videos and other content. This adds valuable text to your website, boosting your SEO and making your content more accessible. Before implementing these strategies, consult with a tax professional to ensure compliance. Done correctly, employing your kids can be a win-win for your family and your business. At Big Bird Accounting, we do bookkeeping, and we do it well. If you need help, call us to show you what we can do. Or visit www.bigbirdaccounting.com for a free strategy session. Talk to you soon! #bookkeeping #businesssuccesstips #accountingtips #smallbusiness #entrepreneurlife #financemanagement #taxseason #bigbirdaccounting #taxtips #businessowner #familybusiness #smartparenting #financialplanning