• Skip to primary navigation
  • Skip to main content
  • Skip to footer
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube
Big Ideas for Small Business logo

Barbara Weltman

Big Ideas for Small Business, Inc.

Whitepaper download

Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."

This field is hidden when viewing the form
Get the:

  • Home
  • About Us
  • Big Ideas For Your Business
    • Idea Of The Day ®
    • SMB Legal
    • SMB Taxes
    • SMB Financial
    • Small Business
    • Newsletter Archive
  • Services
  • Books
  • Blog
  • Multimedia
    • Videos
    • Radio Shows/Podcasts
  • Be a Guest Blogger

Hiring Your Child

May 24, 2018 / By Barbara Weltman

When you hire your own child, the government can apply close scrutiny to ensure that the arrangement is legitimate. The Tax Court has made it clear that if you want to deduct expenses paid on behalf of your child and treat it as deductible compensation, you must demonstrate that work was actually performed and that the compensation for it was reasonable. In one recent case, a mother’s consulting business failed to do so; she couldn’t deduct her outlays and also was subject to an accuracy-related penalty.

New blog posted today!  What Does an Improved Economy Mean for You?

Footer

Big Ideas for Small Business logo

Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

Contact Us

[email protected]

(772) 492-9593

gacor maxwin situs slot thailand terpercaya situs slot gacor situs gacor akun pro thailand slot bandar togel terpercaya

Latest Tweets

bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
July 1

EntertainHR: Mission Possible—Keeping Employees Safe in Every Workplace - HR Daily Advisor https://bit.ly/3ZGiHgR #smallbusiness #safetyatwork #workplace #safe

Reply on Twitter 1940161099019452754 Retweet on Twitter 1940161099019452754 Like on Twitter 1940161099019452754 Twitter 1940161099019452754
bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
July 1

This Common HSA Mistake Could Cost You Thousands of Dollars https://bit.ly/43ZPO1X

Reply on Twitter 1940146004638003327 Retweet on Twitter 1940146004638003327 Like on Twitter 1940146004638003327 Twitter 1940146004638003327
bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
July 1

10 Ideas for Coping with Cash Flow Challenges https://bit.ly/3ttGBgf #smallbusiness #cashflow #finance

Reply on Twitter 1940099613337207035 Retweet on Twitter 1940099613337207035 Like on Twitter 1940099613337207035 Twitter 1940099613337207035
Load More

Copyright © 2008–2025 Big Ideas for Small Business, Inc  |  Designed by Hudson Fusion

  • Privacy Policy
  • Sitemap