A Few Strategies to Employing Your Spouse…

And saving tax dough

Hiring your spouse to work as an employee in your business can save you big on taxes. The savings can be particularly great if you are a sole proprietor or have a single-member LLC taxed as a sole proprietorship or as a partnership (as long as your spouse is not a partner).

But this arrangement can backfire if you don’t do it the right way. Here are five key things to know about employing your spouse.