EMPLOY YOUR CHILD

Many experts recommend employing your child as young as age 6 in your practice.  Even at 6 years old, a child can pull weeds, sweep entryways and hallways, separate small clinical supplies, etc.  In 2012 a child can earn up to $5,950, and this amount is due to increase to $6,100 in 2013.  The child will pay no federal income tax on earnings.   Talk with your practice management consultant or CPA about the ramifications and benefits of putting your child(ren) on the payroll.