@originaldohnthornton: A lot of business owners have heard the strategy: “Put your kids on payroll.” And yes… they’re thinking in the right direction. But there’s still too much leakage to taxes. Why? Because payroll creates payroll taxes. And there are limits, rules, reporting requirements, and compliance headaches tied to how much can realistically be paid. So even though the strategy can help a little… you’re still operating inside the statutory law tax system. A contract law spendthrift trust changes the entire equation. Instead of putting the kids on payroll… make them beneficiaries of the trust. Now the trust can pay expenses on their behalf directly. Education. Sports. Travel. Wellness. Private school. Graduate school. And unlike payroll strategies… there’s no artificial limit on what the trust can spend for beneficiaries. Plus, those beneficiary expenses become trust expenses that are tax deductible to the trust — with no taxable events. Same family spending. Completely different financial structure. (Info purposes only; not a licensed tax, legal, or accounting professional) #taxdeductions #taxsavings #taxreduction

originaldohnthornton

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Thursday 06 August 2026 12:00:00 GMT