Course curriculum

Let's take a peek at what's inside!

  • 1

    Module 0: Start Here!

    • Resource Hub
  • 2

    Module 1: Understanding Child Labor Laws and Business Entity Types

    • 1.1 Business Entity Type Matters

    • 1.2 Age Requirements and Special Rules

    • 1.3 Laws of the Land: Federal and State Child Labor Laws

    • 1.4 State-Specific: Google Sheet with State Child Labor Laws and Contact Info

    • 1.5 Danger Zone: 17 Jobs You Absolutely Cannot Assign to Your Kids

    • 1.6 Knowledge Check
  • 3

    Module 2: Job Opportunities for Your Kids

    • 2.1 Jobs You Can Hire Your Kids To Do

    • 2.2 More Than a Paycheck: Financial and Non-Financial Benefits of Hiring Your Kids

    • 2.3 50 Job Ideas for Hiring Your Child in Your Business

    • 2.4 Airbnb Specific: 7 Job Ideas for Your Child in Your Airbnb Business

    • 2.5 Brain Dump Worksheet

  • 4

    Module 3: New Hire Paperwork for Your Child

    • 3.2 How to Complete I-9 Form

    • 3.3 How to Complete Federal W-4 Form

    • 3.4 How to Complete State W4 Form

    • 3.5 New Hire Checklist
  • 5

    Module 4: Onboarding Your Child As an Employee

    • 4.1 Welcome to the Team: Onboarding Your Child As an Employee
  • 6

    Module 5: Paying Your Child a Salary

    • 5.1 How to Set a Reasonable Salary For Your Child

    • 5.2 This One IRS Test You Must Pass

    • 5.3 Money Flow from Parent to Child
  • 7

    Module 6: Ongoing Tax Compliance

    • 6.1 Ongoing Tax Compliance

    • 6.2 DIY or Not DIY: Using a Payroll Company vs. Doing it Yourself
  • 8

    Module 7: The S-Corp “Problem,” and Simple Three-Step Solution

    • Simple Solution: Three-Step Process

  • 9

    Module 8: Custodial ROTH IRA for Kids

    • 8.1 Introduction to Custodial Roth IRA for Kids

    • 8.2 Three Eligibility Rules

    • 8.3 Pros and Cons of Roth IRA for Kids

    • 8.4 Steps to Open a Custodial Roth IRA Account

    • 8.5 Fidelity - Step by Step Guidance

    • 8.6 Charles Schwab - E*trade - Ameritrade - Step by Step Guidance

    • 8.7 Custodial Roth IRA vs 529 Plan

    • 8.8 How having a custodial Roth IRA impact FAFSA eligibility
  • 10

    Celebrate

    • Final Request

  • 11

    BONUS 1: Offer Letter and Job Description Templates for Your Child

    • Offer Letter Template

    • Social Media Modeling

    • Office Cleaning Assistant

    • Document Shredding Specialist

    • Data Entry Specialist

  • 12

    BONUS 2: Weekly Timesheet Tracker Template

    • Weekly Timesheet Tracker Template
  • 13

    BONUS 3: ChatGPT: Customized Job Descriptions Generator for Kids

    • How to Create Customized Job Descriptions for Kids Using ChatGPT

Bonuses

  • BONUS #1 Offer Letter and Job Description Templates for Your Child

    We’ll give you templates to help describe your child’s jobs – an important part of staying compliant with IRS regulations.

  • BONUS #2 Weekly Timesheet Tracker

    Get an easy-to-use printable time tracker template sheet to help you and your child stay organized and keep you out of trouble with IRS.

  • BONUS #3 ChatGPT: Customized Job Description Generator for Kids

    Ready to use ChatGPT prompts that assist you in generating job descriptions for your kids.

Frequently Asked Questions

  • How long will I have access to the course?

    You will have LIFETIME ACCESS. You will also gain access to all future updates without any additional charge.

  • When I purchase the course, can I deduct it as a business expense?

    Yes! It is tax deductible expense. Don't forget to keep your receipt.

  • My business serves an industry that doesn't have anything to do with kids, can I still hire them?

    Yes! There are many ways your child can help your business, either in front or behind the scenes. We'll offer you 50 ready-to-use ideas and help you come up with even more!

  • Is it legal for me to hire my kids?

    Yes, in fact, IRS rewards you when you hire your child. There are several tax benefits when you hire your child. 

  • Do I need to be concerned about the "Kiddie Tax"?

    No, the "kiddie tax" only applies to unearned income such interest, dividend income etc.  When your child is working in your business, their income is considered "earned" income and therefore, the kiddie tax rule doesn't apply. 

  • My business isn't making a profit yet - is this wise?

    By hiring your child, you can actually save on the taxable income your business makes. Not only is this a wise choice for your business, but it helps you keep more money in your family. You can then use this money to open a Roth IRA for your child and save for their retirement!