Our monthly newsletter, financial guides, and interactive calculators help you stay informed about your finances.
Use our convenient SecureSend page to securely deliver a file directly to a member of our firm.
We offer a broad range of services for business owners, executives and independent professionals. Please call us for a free initial consultation.
Children Employed by Parents
Payments for the services of a child under age 18 who works for his or her parent in a trade or business are not subject to social security and Medicare taxes if the trade or business is a sole-proprietorship or a partnership in which each partner is a parent of the child.
The wages for the services of a child are subject to income tax withholding as well as social security, Medicare and FUTA taxes if he or she works for:
Please call us at (727) 327-1999
Click the following email link for more detailed information:
ANY TAX ADVICE IN THIS COMMUNICATION IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, BY A CLIENT OR ANY OTHER PERSON OR ENTITY FOR THE PURPOSE OF (i) AVOIDING PENALTIES THAT MAY BE IMPOSED ON ANY TAXPAYER OR (ii) PROMOTING, MARKETING OR RECOMMENDING TO ANOTHER PARTY ANY MATTERS ADDRESSED HEREIN.
Carol McAtee | 12/15/2009