employkids

Website overview

employkids

Employkids is a software platform that assists parents with the documentation and compliance necessary to legally hire and pay their children for work, which can include both household tasks and work for a parent's business. The service streamlines the process by automatically generating and organizing employment agreements, work logs, and payment records, making it easier for parents to meet IRS requirements for earned income. This documentation allows children to have earned income, which can then be contributed to a Roth IRA to gain an early start on tax-advantaged retirement savings. For business owners, the platform also handles the necessary records for deducting the wages paid to children as a business expense and potential payroll tax exemptions.

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