If you own a business and your children are off from school this summer, it may make sense to employ your kids at your business. Doing this can allow you to benefit from a tax deduction for paying your kids wages. This can be a far better way to give your kids money for their summer activities than simply giving them an allowance, since you can reduce your taxable income. When you are thinking about hiring your kids this summer at your business, you should talk to a tax professional at Brennan & Company CPA, PC. The implications of this choice and questions about your obligations as an employer are both issues we can address. Brennan & Company CPA, PC.can help you to make sure that hiring your kids over the summer is a smart choice based on your tax situation. and can help you to take care of everything you need so you act in accordance with the IRS rules. Call us at 215.951.5585 or “like” us on FaceBook.