Are you a sole proprietor, single member LLC, or husband-wife partnership? Hiring your family may lower your payroll tax bill.
If you hire your kids who are under age 18, no Social Security or Medicare tax is due. Also, you are not liable for federal unemployment tax on their wages until they turn 21. Similarly, if you hire your spouse or parent, these wages are not subject to federal unemployment tax, although Social Security and Medicare tax is due.
Contact us if you would like to learn more.
