Kids These Days! Child-Run Businesses And Taxes [INFOGRAPHIC]

June 19, 2014 : H&R Block

I don’t know about you, but at 8 years old, I think I was most concerned with my collection of Lisa Frank stickers and folders. And at 13? Oh, forget about it. Anything that wasn’t Backstreet Boys – or real boys – barely grabbed my attention. But there are some young entrepreneurs out there who are securing patents, marketing products and raking in thousands of dollars in revenue, all well before they can drive a car.

Even if your kiddos are experiencing a childhood more like mine, they may host a lemonade stand this summer or sack groceries at the local store. In that case, we have a few things you should know too.

Related Topics

H&R Block

H&R Block

Related Resources

Want to Be an Entrepreneur? Here Are Tips for Starting a Small Business

Thinking about starting a small business? Check out this infographic from H&R Block - it has the entrepreneur facts and advice that you need.

How Do Independent Contractor Taxes Work?

Selling Herbalife, Mary Kay or Amway products? Learn more about independent distributor taxes with the experts at H&R Block.

Tax Implications of Starting a New Business

The startup tax or new business tax is a topic many new business owners shy away from. Our tax pros provide business tax tips so you don't get caught off-guard.

How to Start a Small Business (+ Things Nobody Tells You About It)

Not sure what you'll need to know about how to start a business? Get business startup tips and learn about business tax requirements with H&R Block.