Kids These Days! Child-Run Businesses And Taxes [INFOGRAPHIC]
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.
Small business taxes can be overwhelming as an entrepreneur. Learn more about small business taxes 101 with the experts at H&R Block.