Work at Home: Benefit #2

You can “employ” your children once they turn eight years old (and earn tax deductions too!).

Imagine how much of an advantage our children will have by learning the ropes of business firsthand and at an early age. As our children grow, so will their skill sets and experience.

Imagine your son or daughter approaching their first outside employer with a full set of office skills (and references!) as a young teenager. Their credentials will jump them to the top of line. And all because you recognized the many benefits of working at home to help your family.

For example, in my home office, my eight year old is learning how to file away papers properly.   and other easy tasks that meet her current abilities. She also has learned how to answer the phone in an appropriate business manner (i.e., “Hello my name is Jade Khalid. How may I help you?”). Watching me work hard to make deadlines teachers her about time management and the importance of fulfilling contracts.

So, not only is Jade learning the ropes of basic office management, but I can count her current allowance as her salary and receive a tax deduction because of it!  Her little sister, Alaya has a natural bend towards organization so I ask her to also help with the filing even though she is still an early reader.  She’s very good in math, so I’m letting her help me balance the books as well.

And I’m helping them to launch their own business as well. After coming home from Rhea’s Beach Retreat, I’ve also helping her to setup her own Ebay store to raise money towards the  many important things in her life, Barbie clothes, cool games and books. I learned how to get started while on the retreat and we’re photographing and writing up descriptions for the things we’re selling. They are very excited and proud.

For more information on tax deductions click the link here.