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Should You Hire Your Kids? The Truth About Family Employment
In this episode, Jarrod sits down with Steve Levy, CPA & JD, and Colt Smith, Senior Tax Accountant, to dig into one of the most surprisingly beneficial practice strategies—hiring your kids. They break down what’s allowed, what’s not, and how paying your children can legitimately lower taxes while teaching them responsibility and the value of work. From payroll rules and child labor laws to tax-free income, 529 plans, and the pitfalls that trigger red flags with the IRS, Steve and Colt explain how to do it the right way. Whether you're curious, skeptical, or already considering hiring your…
The skinny
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