June highlights from The MWE Advisor: six cool ways to save taxes during the hot summer months and new tax benefits of hiring your kid.
6 Cool Ways to Save Taxes during the Hot Summer Months
Before you settle into the lazy days of summer, it may be a good idea to meet with your tax advisor to brainstorm ways to cut your taxes. The tax rules underwent a major overhaul last winter. Here are some ideas for individuals and small business owners to consider in the coming months.
New Tax Benefits of Hiring Your Kid
For years, there have been federal tax incentives for business owners to hire their children (or grandchildren) over the summer or during the school year. But the deal has gotten even sweeter under the recent tax law. Here, we discuss the tax breaks that are available for hiring your kids, along with a strategy to give your kid a sizable nest egg in retirement and a life lesson about planning for the future.