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
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