Children have very powerful minds. They spend a lot of time trying to impress their parents and become more like them. When public schools and day cares take over part of that day, they begin placing their influences on these powerful minds. Are the values of the educators and care takers where children spend more time than they do with family really going to help prepare the next generation for the success that all of them have inside them?
Some families are willing to sacrifice a lot to homeschool their children simply because they feel that their children need more than the public educational system is offering. In particular, parents want their children to experience more than just a harried existence of rushing to everywhere and getting the minimum out of life. Three particular areas have many parents quitting jobs or changing job schedules to be able to educate their children themselves so that they can provide religious instruction, more advanced training than they can get in public school and finally that family bonding that is slipping away from the traditional family.
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Hire your kids instead of paying them an allowance!
It is quite common to see children actively involved in the family business. Even young children can perform valuable services. Many business owners, however, miss out on the major tax savings generated by actually hiring their children and paying them a fair wage for their services.
The expense is tax-deductible to you, and the income is tax-free to them. [Reg Sec 1.162-7(a) ] The tax-free limit for dependent children was $5,350 per child per year for 2007, and it tends to be increased somewhat each year. The amount is equal to the Standard Deduction.
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Having a special need child in the family doesn’t mean you have to panic. Just like other kids, special needs children can learn to live a normal life and reach their full potential. Guidance, teaching and love are primary ingredients in rearing a special child and helping him reach full potential.
The “panicking” of parents upon learning about their child’s situation can be attributed to some common misconceptions in dealing with special needs children. These misconceptions lead to the thought that there is no bright future for special needs children. Unless these myths are fully understood and corrected, parents will never know that special needs children will still reach their full potentials. Here are the top 3 common special child misconceptions and the truth about them:
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