Blog and Resources
Blog
-
🌶️What Hiring My Kids Taught Me About Family, Work, and Life
When people talk about hiring their kids, they almost always focus on the financial benefits — shifting income into a lower tax bracket, funding a Roth IRA, or covering education expenses with pre-tax dollars. And yes, those things are powerful. But what often gets overlooked is the real magic of having your children work in…
-
🌶️When Does Your Dependent Need to File a Tax Return?
If your child or dependent earned money this year — especially from working in your family business — you might be wondering if they need to file their own tax return.The short answer is: sometimes yes, sometimes no — but it’s simpler than you think. 💡 The Basics: Dependents Can Still File Their Own Return…
-
🌶️ The PAPRIKA Strategy: The Benefits of Putting Your Dependents on the Family Business Payroll
The PAPRIKA Tax Strategy: “Parents Allocate Payroll Rationally Increasing Kids’ Assets” Hiring your kids or dependents through your family business isn’t just a smart family move — it’s one of the most powerful tax strategies available to small business owners. The PAPRIKA Tax Strategy makes it simple: Parents Allocate Payroll Rationally Increasing Kids’ Assets. By…
-
🌶️Will the IRS Audit if I Hire My Kids
Hiring your kids can be one of the most rewarding — and tax-efficient — decisions you make as a small business owner. But it’s also an area that can attract IRS attention if not done properly. Let’s unpack what actually triggers an audit, what the IRS looks for, and how PaprikaTax helps you stay both…
-
🌶️Is Workers’ Compensation Needed When Hiring Your Kids?
🧾 Workers’ Compensation When Hiring Your Kids (and Other Dependents) When you hire your children or dependents in your family business, you’re taking advantage of one of the most powerful tax strategies available to small business owners. But along with the benefits come a few responsibilities — and one of the biggest questions is: do…
-
🌶️The PaprikaTax Guide: How to Officially Hire Your Kids in the Business.
Hiring your children or adult dependents into your business is one of the smartest financial moves you can make. But many parents worry: “Am I going to mess this up? Payroll sounds complicated.” The truth: with a few straightforward steps — and a little PaprikaTax magic — you’ll have a clean, compliant setup that feels…
-
🌶️The PaprikaTax Guide: What Work Can the Kids Do? (A Long List)
The PaprikaTax Guide: Jobs for Kids in Family Businesses Running a family business is like running a kitchen — everyone can help, but the recipes change depending on who’s on the team. Whether you’ve got young children, teens, or adult dependents, there are real jobs they can do that support the business, build their skills,…
-
🌶️When Kids Can’t Work in the Family Business
Hiring your kids in your business is one of the smartest tax and life lessons around. But even with the special family-business exceptions in labor law, there are still rules and boundaries. Let’s break down the key exceptions so you know when the answer is “yes, go for it!” and when it’s “nope, too risky.”…
-
🌶️Alternative: Smarter Than Timesheets
When parents first think about hiring their kids, one of the big worries is:👉 “Do I really need a timesheet every time my child licks an envelope?” The answer: not always.Yes, time tracking is one way to prove your kids worked. But small family businesses can use smarter alternatives that reflect how work really happens…