Welcome to a video about paying your most important employees and those are your children and one of your best tax write-offs.

Now, this can be a complex topic, but I'm going to give you a blueprint that you can use as a starting point to paying your kids under age 18 and 18 and older.

I've been doing this for years. I'm a CPA, a tax lawyer, author, speaker on this topic around the country,

and I love to help people save money, save taxes, and really pass on family legacy.

Getting your kids on payroll can be one of the most important tax strategies to build wealth,

save taxes, and leave a legacy.

Now the problem is a lot of business owners don't even know how to do this.

And regrettably, there's a lot of tax professionals out there that aren't familiar with the strategies to make this happen and make it audit proof.

Folks, I've cracked the code on this.

We've had thousands and thousands of clients over the years implement this properly as I have done myself. And so we're going to break this time. We're going to get on the whiteboard and we're going to kick some butt and we're going to make sure this works for you. Now, before we get to paying the kids underage 18 and those kids that are 18 and older, let's get into some general concepts and a list of reasons of why we're doing this

and why it just makes sense. What's going to move the needle here? Now, the concept is really quite

fascinating. So many parents, and I did it for a few years, probably caught the vision myself,

is we claim all of our income, take write-offs, and then we take whatever's left, pay taxes,

is sometimes the highest rate, and then give our kids

money. And the kids use it for anything like music lessons, sports, clothes, school, lunch, and then

older cars, college, whatever. And we're paying taxes and just giving them money. We need to change

the dynamic and put them on the payroll, either outside labor, W2, 1099, we'll get to that. We're going to put

them on the payroll. Now, we get a ride off up here before paying these enormous amounts of taxes

and then the kids, they may pay no tax at all or they're being at least in a lower tax rate.

So what we're doing is shifting those expenses above the line and it's huge. Now, a few reasons why.

I just, I love this list. It motivates me

to carry through with these action items. The first thing is, I'm hoping to teach the kids some work

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