Employkids

employkids helps families and business owners hire their children for legitimate work, simplifying IRS-compliant documentation. It enables funding Roth IRAs for kids with tax-free growth, handling all necessary paperwork.

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At a glance

Pricing

Paid

Free tier

API

Skill level

Non-technical

About

What is employkids?

employkids is a platform designed to simplify the process of employing children for legitimate work, ensuring IRS compliance. It helps parents manage all necessary paperwork, including employment agreements, time logs, and payment records, which are crucial for audits. The platform facilitates funding a Roth IRA for children, allowing for tax-free growth of income. employkids offers guidance on age-appropriate tasks and fair market rates, generating contracts and year-end tax packets. It caters to both families paying for household work and business owners looking to deduct wages as a business expense, potentially skipping payroll taxes. The tool aims to make the process easy to set up and use, providing comprehensive documentation to avoid penalties.

Best used for

Ideal for parents who need to legally employ their children for household or business tasks, document their work for IRS compliance, and fund their Roth IRAs. Especially valuable for small business owners looking to deduct child wages as a business expense while ensuring all paperwork is handled correctly.

Common actions

manage child employment

fund Roth IRA

document tax compliance

track work hours

generate tax forms

Kids & ParentingAccountingPersonal finance

Capabilities

Key features

Generate employment contracts
Log work and payments
Create year-end tax packets
Provide rate guidance
Track business work separately
Calculate tax savings

Target Audience

parentsmall business owner

Integrations

Not yet documented

Pricing & Plans

Paid

Not publicly disclosed. Check employkids.com for current pricing.

FAQs

Is employing my child through employkids legal?

Yes, employing your children is completely legal, provided you follow IRS guidelines. employkids helps you stay compliant by documenting everything properly, including employment agreements, work logs, and tax forms, to withstand potential audits.

Do I need to own a business to use employkids?

No, employkids offers plans for both families and business owners. Families can use it to document household work for Roth IRA contributions, while business owners can track business-related tasks and deduct wages as an expense.

How does employkids help with tax documentation?

employkids generates a comprehensive Year-End Tax Packet, including signed employment agreements, timesheets, payment ledgers, W-2 worksheets, and Roth contribution memos. This ensures all documentation is organized, timestamped, and traceable for tax purposes.

What is the difference between the Home and Pro plans?

The Home plan is for families documenting household work to fund Roth IRAs. The Pro plan, for business owners, includes all Home features plus the ability to log business work separately, deduct wages as a business expense, and potentially skip payroll taxes.

Does employkids open a Roth IRA for my child?

No, employkids is a record-keeping and documentation tool. It does not open Roth IRAs or provide tax, legal, or financial advice. You will need to open a custodial Roth IRA with a brokerage firm separately.

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