Send us a textThe strategic employment of family members offers significant tax advantages when implemented correctly, but widespread misinformation can lead to costly mistakes and potential audit issues.• Pay family members based on work performed, not automatically the standard deduction amount• Family Management Companies are problematic under scrutiny; consider legitimate alternatives like rental property employment• Consider hiring spouses, parents, and siblings, not just children, to maximize tax benefits• Maintain proper employment documentation including job descriptions, time logs and regular payroll systems• Leverage family members' unique skills instead of limiting them to menial tasks• Explore advanced strategies like education tax credits when hiring college-age childrenMessage me the word "workshop" with your email for free access to our detailed workshop on hiring family members. Visit prosperapcpa.com/apply to learn how our experts can help maximize your tax savings strategy.

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