Resources & Articles

Peter the Great taxed Beards!

Roth IRA vs. Trump Account: Which Is Better for a Young Person with Earned Income?

If you’re a young person earning money—whether from a family business, a summer job, or your first part-time position—you have an incredible advantage:

Hire Your Young Kids as Models – Save Tax!

EASY Tax Strategy – HIRE YOUR KIDS (60 Second Video)

HIRE YOUR KIDS – SAVE $5,000 – 60 Second Video

🌶️A Common Tax Myth: “You Should Only Pay Your Kids Up to the Standard Deduction”

A common assumption among business owners hiring their kids is that wages should be capped at the standard deduction to avoid filing a tax

🌶️Managing Your Kids Without Hurting Your Business (or Your Family)

When business owners talk about hiring their kids, the conversation usually starts with taxes. And that makes sense — done correctly, it can be an efficient way to move income, build savings, and create long-term…

🌶️The PaprikaTax Guide: How to Officially Hire Your Kids in the Business.

The truth: with a few straightforward steps — and a little PaprikaTax magic — you’ll have a clean, compliant setup that feels no harder than signing them up for summer

🌶️The PaprikaTax Guide: What Work Can the Kids Do? (A Long List)

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…

🌶️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

🌶️ The PAPRIKA Strategy: The Benefits of Putting Your Dependents on the Family Business Payroll

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:…

🌶️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,…

🌶️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

🌶️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…

🌶️Is Workers’ Compensation Needed When Hiring Your Kids?

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…

🌶️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

🌶️Do I Need to Set Up a Separate Bank Account for My Dependent?

This is one of the most common questions we get from parents hiring their kids: Does my child need their own bank account for payroll? Even if the funds end up in a shared family account, the employment arrangement must…