Curated News
By: NewsRamp Editorial Staff
January 14, 2026
CPA's 'Hire Your Kid' Strategy Saves Families $5K+ in Taxes Annually
TLDR
- Keith Hall's book Hire Your Kid offers small business owners a tax strategy to save over $5,000 annually by hiring their children and turning family expenses into deductions.
- The book provides a step-by-step guide to hiring your child legally, filing required tax paperwork, and using tax-deductible wages to fund accounts like Roth IRAs.
- This approach helps families save money while teaching children valuable life lessons through meaningful work, strengthening family bonds and securing their financial futures.
- A CPA with 40 years experience reveals how hiring your kids can transform everyday family expenses into business tax deductions and future savings.
Impact - Why it Matters
This news matters because it addresses two significant challenges facing modern families: reducing tax burdens and preparing children for financial independence. With small business owners constantly seeking legitimate tax-saving strategies and parents looking for ways to teach financial literacy, Hall's approach offers a practical solution that serves both purposes. The strategy has broader implications for family businesses and entrepreneurship education, potentially strengthening family enterprises across generations. In an era of economic uncertainty, such innovative yet compliant tax planning can make meaningful differences in family finances while instilling valuable work ethics in younger generations. The approach also highlights how existing tax codes can be leveraged creatively to benefit family units, encouraging more parents to involve children in business operations early.
Summary
In his new book "Hire Your Kid," CPA Keith Hall unveils an innovative tax strategy specifically designed for small business owners who are also parents. With over 40 years of experience helping entrepreneurs navigate complex tax codes, Hall presents a practical guide that allows parents to hire their own children within their business. This straightforward approach transforms everyday family expenses into legitimate business tax deductions, potentially saving families over $5,000 annually on their tax returns. The book provides step-by-step instructions for creating appropriate jobs for children, filing necessary tax paperwork, and maximizing available tax benefits while ensuring compliance with IRS regulations.
The core message revolves around a dual-benefit strategy where parents can pay their children reasonable wages that become tax-deductible business expenses, then use those savings to fund their children's financial futures through vehicles like Roth IRAs. Hall draws from his personal experience implementing this strategy with his own family, adding a relatable dimension to the financial advice. The book emphasizes that this approach requires no additional financial burden on the business while teaching children valuable life lessons about work ethic, responsibility, and financial literacy. By following Hall's guidance, families can strengthen their bonds through meaningful shared work experiences while achieving significant tax savings.
"Hire Your Kid" represents Hall's mission to simplify complex tax strategies for everyday small business owners and parents. The book will soon be available in both print and digital formats, making this innovative approach accessible to a wide audience seeking practical financial solutions. Hall's no-nonsense methodology, developed through decades of professional experience working with thousands of entrepreneurs, offers a legitimate pathway to reducing tax liability while investing in children's futures. This strategy particularly resonates in today's economic climate where families seek creative ways to manage finances and prepare the next generation for financial success.
Source Statement
This curated news summary relied on content disributed by 24-7 Press Release. Read the original source here, CPA's 'Hire Your Kid' Strategy Saves Families $5K+ in Taxes Annually
