Hire your children with confidence.
Ensure your family payroll meets every IRS requirement. Tracta automates the documentation, time-tracking, and record-keeping you need — generating pay stubs, W-2s, quarterly and annual tax forms, and audit-ready records.
Start with $10 free credit. No credit card required.
Here are some quick steps to get started for Blackriver LLC.
Open Roth IRA accounts
Open custodial Roth IRA accounts for your children
File Form 941 (Q4 2025)
File quarterly federal tax return for Q4 2025
Jan 29
File FL Form RT-6 (Q4 2025)
File Florida Reemployment Tax quarterly report
Jan 29
Generate W-2 forms (2025)
Generate and distribute W-2 forms for 2025
Jan 30
File Form 940 (2025)
File annual federal unemployment tax return
Jan 30
Florida Employer Reminders
FICA Tax Savings
$4,340
2025 YTD savings
Total Employees
2
at Blackriver LLC
YTD Wages Paid
$28,365
26 payroll runs in 2025
Last Payroll
Oct 31, 2025
$1,091.35
Quick Actions
Roth IRA Opportunity
2 eligible employees
$4,460 remaining
Audit Protection
Needs attention
LLC, freelancer, or side gig — any self-employment works. Takes less than a minute.
Enter their name and birthdate. We suggest age-appropriate tasks and market-based pay rates that meet IRS reasonable compensation requirements.
We prefill time entries based on age, job duties, and state labor rules. Run payroll in under a minute.
Starting young means more years to grow. See the power of compound interest.
Tax Savings (per year)
$11,914
Business deduction at 37% bracket
170x return
Tax Exemptions (per year)
$4,927
exempt
$84
exempt
$378
exempt
Contributed over 51 yrs
$383K
Value at 65
$10.6M
($2.3M in today's dollars)
× 2 = $21.1M family
Up to $16,100/child tax-free • SS/Medicare exempt <18 • Unemployment exempt <21 • 10% return, 3% inflation assumed
The IRS allows tax benefits when you employ your children — if you follow the rules. Tracta makes compliance effortless.
From timesheets to tax forms, Tracta gives you the tools to run compliant family payroll.
Audit-ready document storage. All your pay stubs, W-2s, and tax forms organized and downloadable in one secure place.
Run payroll in minutes. We automatically apply the family employment tax exemption and track your savings in real-time.
Annual summary with W-2 preview. See total wages, tax withholdings, and generate year-end tax forms with one click.
Never miss a deadline. Get email reminders for quarterly filings, W-2 generation, and other tax obligations.
Simple time entry with audit trail. Track hours worked and tasks completed for IRS-compliant records.
Track your child's earned income toward Roth IRA contributions. Build their retirement savings tax-free.
Children under 18 working in a parent-owned business are exempt from Social Security and Medicare taxes — a rule designed specifically to encourage family employment.
Children under 18 are exempt from these payroll taxes — that's 15.3% savings on every dollar
No federal unemployment tax on wages paid to children under 21
Your child can earn up to the standard deduction with $0 federal income tax (2026)
Start with $10 free credit. No credit card required.
or $70/year (save 17%)
Everything you need for compliant family payroll
Tracta prepares everything you need — filing takes minutes, not hours
Step-by-step guide walks you through every form and deadline. No guessing what's due when.
W-2s, Form 940, and Form 941 data ready to copy. Just transfer the numbers to your forms.
Get notified before quarterly and annual deadlines so you never miss a filing date.
Most users complete their quarterly filings in under 10 minutes using Tracta's pre-filled data.
Join family business owners who trust Tracta to handle their payroll compliance. Get started with $10 in free credits.