10 Movies to Stream When You Aren’t Busy With the Olympics
Get ready for the Olympics to take over your life for the next couple of weeks. In fact, it’s already started. But if you’re lacking in athletic interests — or if you’re just at the limit of your Olympic intake — streaming services across the web are all offering a great variety of movies this weekend. We’ve rounded up 10 gold medal movies so you can spend less time debating options and more time watching. Now if only binge watching was an Olympic sport…
1. Bill & Ted’s Excellent Adventure on Hulu and Amazon: If you’re in need of a history brush-up, or maybe just a Keanu Reeves brush-up, stream this 1989 classic. Or get sent away to military school. (Photo via IMDB)
2. Clerks on Hulu, Amazon and Netflix: This black-and-white comedy was actually made in 1994, although it may look much older. The story about a pair of friends keeping watch over a convenience store is hysterical, thought-provoking and a classic buddy convo flick. (Photo via Miramax)
FILMS ALL ABOUT THE LAW
3. Donald Trump’s The Art of the Deal: The Movie on Netflix: This new satire from Funny or Die stars a virtually unrecognizable Johnny Depp as, you guessed it, Donald Trump. The 50-minute movie will remind you just how quickly the presidential election has changed in just a few months. (Photo via Funny or Die)
4. Legally Blonde on Hulu and Netflix: There’s nothing like a strong dose of girl power to get you through the weekend. If you need to power through something, put on Elle Woods studying for the LSATS to give you the motivation you need. Now, bend and snap! (Photo via MGM)
FLICKS THAT TAKE YOU TO ANOTHER WORLD
5. The Matrix on Amazon: The second Keanu Reeves film on this list puts the actor in an entirely different role. Watch it IMMEDIATELY if you haven’t yet (it’s referenced all the time), or just re-watch it over and over again until you finally understand what’s happening and who’s actually in the real world. (Photo via Warner Bros.)
6. The Little Prince on Netflix: This touching animated flick, based on the classic French children’s story, takes the well-known characters and gives them depth — literally. It’s beautifully animated and written, and will remind you just how magical the world can be. (Photo via Netflix)
FILMS THAT ARE ALL ABOUT PURSUING THE LADIES
7. Chasing Amy on Hulu, Netflix and Amazon: Ben Affleck plays a man who falls in love with a lesbian. When the film came out in 1997, it was a gritty and boundary-pushing look at sexuality. It’s great to watch it now and see how far we’ve come in less than 10 years. (Photo via Miramax)
8. Lars and the Real Girl on Hulu and Amazon: One of RyGos’s more quirky roles features him as a man who finds his dream girl in a blow-up doll. It’s poignant, clever and — somehow — incredibly romantic. (Photo via MGM)
MOVIES WHERE NOTHING IS AS IT APPEARS
9. Cloverfield on Hulu and Amazon: When Cloverfield came out in 2008, it’s all anybody could talk about. The found-footage thriller just hit Hulu, and it’s just as thrilling as it was eight years ago. Just remember to take motion sickness medicine before you watch it this time. (Photo via Paramount Pictures)
10. The Virgin Suicides on Hulu and Amazon: Deep, terrible secrets lurk underneath the prettiest facades. One of Sofia Coppola’s first films as a director remains a classic today for its portrayal of teen depression in suburbia. Plus, it’s just shot sooooo beautifully. (Photo via American Zoetrope)
What other movies have you seen lately? Let us know @BritandCo!
(Featured photo via American Zoetrope)
Welcome to Selfmade Finance School, our new money series with Block Advisors to help small business owners with their tax, bookkeeping, and payroll needs year-round. This week, we explore the tax implications of bringing family members into your business.
The question for today is this: Does hiring your family members make sense for your business? Let me be clear. This is not a piece about whether hiring your family members makes sense for your relationships with those family members. As someone who is part of a family business, I could fill up a lot more than 600 words on my opinions about that. For today's purposes, we focus on whether it makes sense from an overall "good business and tax implication" perspective. As it turns out, there is a decent amount of tax nuance when it comes to employing your family. Let's break it down based on relationship to the employee:
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Spouses Who Are In Business Together
Personally, if I had to be in business with my husband, it would not go well. However, many couples build viable, strong businesses together and I say, good for them! Depending on how you have your business entity structured, it will make a big difference on the tax treatment of you and your spouse working as partners. Because a business jointly owned and operated by a married couple is generally treated as a partnership for Federal tax purposes, the spouses must comply with filing and record keeping requirements imposed on partnerships and their partners. The election to file two Schedule C (Form 1040) forms, (one for each spouse) permits certain married co-owners to avoid filing partnership returns, provided that each spouse separately reports a share of all the businesses' items of income, gain, loss, deduction, and credit. Under the election, both spouses will be subject to self-employment tax and on net earnings from self-employment and receive credit for Social Security earnings.
One Spouse Employs Another
If you have a dynamic where your spouse is an employee of your business, then your spouse's wages are subject to income tax withholding, Social Security and Medicare taxes. If you are self-employed (not a corporation or a partnership), your spouse's pay does not have to be included in your federal unemployment tax account (FUTA) contributions and payments. However, if your business is a corporation or a partnership you must include that spouse's pay in your unemployment tax contribution calculation.
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You Employ Your Child
First, let's be clear. I work in my family business, but I am an adult, so I am treated just like a normal employee. However, if you, for example, run a family restaurant and want to hire your children under 18 to work for you, there are some tax benefits. But first, you should check with your state for rules on how many hours minors can work (in non-agricultural jobs) and reference the Fair Labor Standards Act for information on limitations on the kinds of work children can perform.
"This is an often overlooked or under-utilized strategy. Paying your children for true services they provide in your business can be a powerful tax-saving tool," says Cathi Reed, Block Advisors Regional Director. "If you are a sole-proprietorship or single member LLC, and the child is less than 18 years of age, the business is not required to withhold FICA or payroll taxes. The child can use his or her standard deduction against income you pay."
You Hire Your Parent
Oh dear. If you are brave enough to do this, know that you will need to pay Social Security and Medicare taxes on your parent's wages and make the appropriate withholdings, but you don't have to pay unemployment taxes. Now all you have to do is convince your parent that you are the boss. Have fun with that!
Is Hiring Family Members Worth It For The Tax Benefits?
"There are some positive tax advantages to hiring family members. It's important to treat a family member like any other employee. Hiring your children can result in substantial savings for businesses. Make sure your child has real, age-appropriate work to do and a reasonable pay rate, comparable to other employees. Consult with a Block Advisors small business certified tax pro to ensure that you are complying with all requirements," advises Reed. "Block Advisors, a team within H&R Block, is dedicated to meeting the tax, bookkeeping and payroll needs of small business owners year-round. To start working with the tax experts at Block Advisors, visit blockadvisors.com."
In my opinion, you should not hire a family member solely because of the tax benefits. You should always hire based on whether that person is right for the job and keep in mind how this hire could materially impact your relationship with that person and others in your family. Finally, as I mentioned, make sure you have a tax professional on your team when making these determinations. As you can see, things can get a little tricky!
*All details were sourced from IRS.gov and blockadvisors.com