Learn how to protect your business in an audit with legitimate employment practices for your kids. We're talking about setting up contracts, separate bank accounts, and adhering to market rates. Don't let an audit catch you off guard!

Timestamps:
00:12 - Steps for hiring your kids
00:29 - Proof for the IRS
00:51 - The IRS loves market rate
01:10 - State labor laws

Managing taxes and accounting for small business owners making six figures in Big10 and SEC Country.

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https://www.pntadvisors.com