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How NOT to hire your children

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  • How NOT to hire your children

    This interesting case came out on July 21, 2016. I thought the forum business owners would enjoy reading about what not to do when you are hiring your children to work for you. (Hint - don't pay your 10 y.o daughter a $10k year-end bonus for cleaning your office.) Lots of interesting reading, but the children for hire part begins on page 11. Interesting to note that these activities go back as far as 2004 and the case was not settled until 2016. This is a short summary by CliftonLarsonAllen, LLP.
    My passion is protecting clients and others from predatory and ignorant advisors 270-247-6087 for CPA clients (we are Flat Fee for both CPA & Fee-Only Financial Planning)
    Johanna Fox, CPA, CFP is affiliated with Wrenne Financial for financial planning clients