Last chance to buy!
“What are the steps to hiring my kids?”
If you find yourself asking this question you are not alone. Our Hiring Your Kids Toolkit is the ultimate comprehensive guide for legally and efficiently integrating family members into your business operation.
Certified Public Accountant Jamie Trull guides small business owners through every step of hiring their children with her step-by-step strategy, including all the tools you need to do it right.
Create a secure financial future for your kids and maximize tax savings with the Hiring Your Kids Toolkit!
Hiring Your Kids Checklist to help you streamline the process of onboarding your child into your business with our Hiring Your Kids Checklist.
This comprehensive checklist simplifies the hiring process and ensures you don't miss crucial steps, from getting a valid ID for your child to setting up a separate bank account. By following this checklist, you save time and ensure that your business remains compliant with relevant laws and regulations.
Tax Savings Cheat Sheet to unlock maximum tax savings with our handy Tax Savings Cheat Sheet. This tool will guide you on how to take advantage of legal tax deductions and strategies available when hiring your children.
Guide to Setting Up a Family Management Company. This guide makes the process of setting up a Family Management Company easy, providing a detailed step-by-step guide and explaining why this could be beneficial for your tax planning.
Paying Your Child Guide. This resource offers practical advice on determining fair wages, setting up a payroll system, and maintaining accurate payment records.
Child Tax Requirements Calculator. This tool will provide you with an easy way to understand your tax requirements based on your child's earnings and age.
Roth IRA Calculator (i.e. Make Your Child a Millionaire Calculator). Explore the power of compounding and early investment with our Roth IRA Calculator.
Work Activity Log to maintain accurate and compliant records with our Work Activity Log. This template makes it easy to document the tasks performed by your child, their hours, and their compensation.
Contact information
Choose a pricing option
- Preferred optionOne Time Payment of ($499.00)$499.00
- Preferred optionSplit pay (3 Monthly Payments of $179.00)3x $179.00
Choose your price
Payment information
- Total payment
- 1xHiring Your Kids Toolkit$0-+
- Discount
- Shipping$0
- Sales tax$0
- Total
- Today's payment
- Hiring Your Kids Toolkit$0
- Discount
- Shipping$0
- Sales tax$0
- Total
- Future payments
- $0
- Discount$0
- Shipping$0
- Sales tax$0
- Future amount
$0 - Today's payment:
$0 - Today's payment
-
$0
All prices in USD
"The Hiring Your Kids Toolkit answers all the questions that you have about hiring your kids and puts it into a great step-by-step system- instead of searching Google and missing an important detail."
Jamie’s spreadsheets are a game-changer for anyone who wants to manage their finances efficiently, without the stress and confusion that often accompanies financial management.
With Jamie’s easy-to-use and jargon-free approach, financial management has never been so simple and stress-free!
- Is it legal to hire my children in my business? How old do they need to be?Yes, it is legal to hire your children at any age due to exemptions to FLSA for family businesses. However, you do need to ensure it is set up properly. The Hiring Your Kids Toolkit provides comprehensive guidance on how to ensure you are in compliance with these laws.
- Is hiring my child a risky tax loophole? Will it increase my audit chances?No, hiring your child is a legitimate tax strategy that many small business owners employ. It is fully recognized and supported by the IRS, provided all regulations and laws are followed.
- Can I still hire my child and get tax benefits if I am a Corporation?Yes, corporations can still obtain tax benefits when hiring their kids by setting up a Family Management Company. The Hiring Your Kids Toolkit provides step-by-step guidance on this process.
- Is there a refund policy for the Hiring Your Kids Toolkit?Because we give access to the full Toolkit upon purchase, we don't have a refund policy. Any refunds given are solely at the discretion of Balance CFO LLC.
However, we want you to be happy with your purchase, therefore we have a satisfaction guarantee on the product. For more information, see our full terms and conditions. - Does this only apply to biological/adopted children? Can this work for my grandchildren, stepchildren, etc?Federal labor law exemptions for family business employment apply to youth younger than 16 years of age employed in a business owned by the parents or by persons "standing in place" of their parents. Standing in place is defined by the U.S. Department of Labor as one who takes a child into his or her home and treats the child as part of their own family, including educating and supporting the child. Therefore, stepchildren are likely to qualify if they live with you for a not-insignificant period of time, and grandchildren can qualify as well if you function as a primary caretaker. That said, if you are not the primary caretaker, the primary caretaker can establish a Family Management Company in their name which will employ the child. Your company would then pay the Family Management Company for any work the child performed for your business. This would also allow for the maximum tax savings. Family Management Company set up and maintenance is covered in the Hiring Your Kids Toolkit.
- Is this product for USA-based businesses only?Yes, this product is only for businesses located in the USA.
I'm Jamie Trull, a Financial Literacy Coach, Hamilton superfan, an enjoyer of a glass of Cabernet with a good mystery book, and — if you like —your guide as you get all those numbers together.
Even though I’ve got a CPA license and 15+ years of experience in finance and accounting, my real passion is explaining complex topics to small business owners and solopreneurs in a non-technical way to make them easy to understand and put into practice. I’m not one of those accountants that will use a whole bunch of buzzwords and jargon…we won’t be talking about things like “EBITDA” or “synergies” here (UGH).
Instead, it’s all explained in words that make actual sense in the real world of entrepreneurship. In other words, I’m not your father’s CPA. And my #1 mission is to see more entrepreneurs not just surviving but THRIVING in both their professional and personal lives.
I love hearing about your experiences and celebrating your WINS with you. Grab this template and get started organizing your biz finances!