06/04/2026
The June 15 estimated tax deadline is a reminder that tax planning should happen before the year is over.
If you’re already reviewing income, payments, and cash flow for Q2, this is also a good time to ask whether your business has planning opportunities you haven’t looked at yet.
For some business owners, hiring a child through the business may be one of those opportunities.
The work has to be real, the pay has to be reasonable, and the records have to be clean. When those pieces are in place, the strategy may help reduce taxable business income while giving your child earned income.
Use this mid-year point to review your tax picture before Q3 begins.