When hiring your children to work in your business, you get to write-off their salaries. Your children must pay taxes on their salary only if it exceeds the standard deduction amount for that year.

The article explores a case where a blogger's online posts were used as evidence by the IRS in a tax dispute, underscoring the need for caution when sharing personal information online.

Does your business have an accountable plan? If not, you are leaving money on the table.