The Complete Family Payroll Documentation System with KidEquity App

Hiring your child is one of the smartest financial moves available to a family business, and four separate provisions of the tax code stack together to make it complicated. Section 162(a)(1) makes the wage deductible. Section 63(c) gives your child a standard deduction. Section 3121(b)(3)(A) excludes Social Security and Medicare on wages paid to a child under eighteen. Section 3306(c)(5) excludes federal unemployment tax under twenty one. Each provision carries its own conditions.
This package is the complete answer. It joins the full Family Employment Documentation System to the KidEquity application, so the paperwork and the daily record keeping arrive as one system rather than as two purchases you have to reconcile yourself.
The documentation layer holds seventy fillable instruments across two hundred eighty seven pages carrying six thousand two hundred sixty three form fields, numbered by lifecycle position so reading the folder from the top walks you through the working year. Inside it sit the written consent that authorizes family employment, the family employment policy, thirty eight job descriptions covering one adult and thirty seven child positions, four versions of the wage determination memorandum, the offer of employment, the orientation plan, forty one job checklists across four age bands, sixteen job logs, the payroll change form, the ceiling review note, the year end file index, and the professional review record.
Two workbooks come with it. The Oakhaven Payroll Suite runs seventeen sheets, three thousand two hundred sixty nine cells, and two thousand four hundred sixty four formulas. It runs biweekly across twenty six periods for six family employees and computes Social Security, Medicare, and federal unemployment tax from the entity type, the relationship, and the age on the pay date. It refuses to compute a payment for a period nobody approved. The Hire Your Kids and Family Workbook adds fifteen tabs of planning and research.
The Family Employment Playbook ties every rule to the authority that supports it and prints the date that authority was verified. You are never left guessing where a requirement comes from.
The KidEquity application then carries the daily work. Your child logs hours while working, ticks the assigned checklist against a time stamp nobody edits, photographs what the work produced, and sends the week to you for approval. You approve, the ceilings are watched person by person, and year end produces the file your accountant needs alongside an audit response file drawn from a log the application will not let anybody change.
Bought separately the documentation system is two hundred ninety seven dollars and the application is one hundred ninety seven. Together they are three hundred ninety seven.
Oakhaven Bedrock Investments, Inc. is a product development company. We are not a law firm, a certified public accounting firm, or a tax preparation service, and nothing here is legal, tax, or accounting advice. Employing a minor is governed by federal and state labor law, and those rules vary by state and by the work performed. Confirm the rules that apply where you operate before the hire.