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Hiring your kids in your business is one of the most misunderstood — and most powerful — tax strategies available to business owners when done correctly. In this episode of The Money Game, Andrew Cordle breaks down how families legally hire their children, shift income, and use the tax code as a tool for long-term wealth building. This strategy isn’t about loopholes or shortcuts. It’s about understanding what the IRS already allows — and following the rules precisely. In this episode, we cover: When hiring your kids is legal (and when it’s not) What types of work children can actually perform How payroll, wages, and documentation must be handled Tax advantages most families never use How this strategy fits into generational wealth planning When structured correctly, hiring your kids can: Reduce taxable business income Teach children real financial skills Shift money from taxes into your family system Build discipline, ownership, and long-term thinking 📌 Disclaimer: This content i...
https://youtube.com/watch?v=Pl0U3PL_aEI
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