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Discover how Axio's tailored collaboration can elevate your financial future π https://www.axiowm.com/what-we-do
Today weβre answering a smart question from a viewer about hiring a spouse or children in a family business. When structured properly, this strategy can create significant tax advantages and strengthen retirement savings. However, it also carries risks if not handled correctly. In this episode, Rob breaks down how to navigate the legal and financial details of hiring your spouse or kids, from the best ways to pay minors to structuring contributions to retirement accounts.
Hereβs what we discuss in this episode:
π¨βπ©βπ§βπ¦ Structuring roles for kids and spouses in your business
π° Using family payroll to fund Roth IRAs and retirement accounts
π How to avoid IRS red flags with proper documentation and job duties
π« Common mistakes that sabotage tax savings
Our website: https://www.axiowm.com/
Phone: 801-717-9237
Schedule your no-cost discovery meeting: https://www.axiowm.com/what-we-do
Get your copy of Robβs books: https://www.axiowm.com/book
Let us speak at your next event: https://www.axiowm.com/speaking
Check us out on YouTube: https://www.youtube.com/channel/UCtidWpldZGUBLmr24oWy87Q
Facebook: https://www.facebook.com/AxioWM
LinkedIn: https://www.linkedin.com/company/axio-wealth-management-llc/
X: https://x.com/RobShelton_FA
Instagram: https://www.instagram.com/axio.wm/
By Rob SheltonDiscover how Axio's tailored collaboration can elevate your financial future π https://www.axiowm.com/what-we-do
Today weβre answering a smart question from a viewer about hiring a spouse or children in a family business. When structured properly, this strategy can create significant tax advantages and strengthen retirement savings. However, it also carries risks if not handled correctly. In this episode, Rob breaks down how to navigate the legal and financial details of hiring your spouse or kids, from the best ways to pay minors to structuring contributions to retirement accounts.
Hereβs what we discuss in this episode:
π¨βπ©βπ§βπ¦ Structuring roles for kids and spouses in your business
π° Using family payroll to fund Roth IRAs and retirement accounts
π How to avoid IRS red flags with proper documentation and job duties
π« Common mistakes that sabotage tax savings
Our website: https://www.axiowm.com/
Phone: 801-717-9237
Schedule your no-cost discovery meeting: https://www.axiowm.com/what-we-do
Get your copy of Robβs books: https://www.axiowm.com/book
Let us speak at your next event: https://www.axiowm.com/speaking
Check us out on YouTube: https://www.youtube.com/channel/UCtidWpldZGUBLmr24oWy87Q
Facebook: https://www.facebook.com/AxioWM
LinkedIn: https://www.linkedin.com/company/axio-wealth-management-llc/
X: https://x.com/RobShelton_FA
Instagram: https://www.instagram.com/axio.wm/