By hiring your children, you can pay low wages.

show how much you care.

transfer wealth without estate taxes.

avoid payroll taxes.

Avoid payroll taxes

Explanation:

In hiring your children to work for you, you can avoid payroll taxes as long as they are legitimate employees. This therefore means that one can deduct the children's salary from the business income and then write it down as a business expense. That way, the employer does not have to pay taxes on the salary. The taxes are medicare and /or social security taxes.

In hiring your children, certain rules have to be followed and they include: the child must be a real employee, compensation must be reasonable and you must comply with the legal requirements for employers.

Cheers.