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  • Payroll Solution Needed – Paying My Kids To Work In My Business

    updated 3 years, 5 months ago 0 Member · 1 Post
  • Charles

    Member
    September 11, 2019 at 11:48 am

    I am going to be having 3 of my kids who are between ages 13 to 17 work in my business. It will be fairly limited so I would expect that each would make $6000 or less per year. They do not currently have much to speak of in additional income beyond that. I plan on keeping tracked of their hours worked each month and then paying them at the beginning of the following month for the hours worked the prior month. After talking with my accountant, he is saying that I would need to run this through payroll even though they would not end up paying any taxes due to their earnings being so low. The accounting firm offers payroll services and I know I can also enroll in the payroll module for Quickbooks. So far, it looks like Quickbooks is more cost effective. Are there any other payroll solutions I should be looking at? I am really looking for an easy but cost effective solution. Thanks! – by hq overview HomeOfTheBRAAVE – –

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