We’ve all done it: You wake up *way* too early to achieve that glorious work-to-date-night ‘do. And while sometimes it’s worth it to take that extra hour (or two) perfecting a red carpet-worthy look, let’s take a step back and embrace another way. It’s 2016 after all, and we’re living in the era of the lazy-girl hair trend; #wokeuplikethis style is alive and well. So go ahead and hit the snooze button and get ready to fall in love with these 11 beautifully messy buns that are as effortless as they look.
Wrap Bun
Channel your inner 60’s babe with a messy bun fit for Megan Draper. Add a printed wrap to that just-rolled-out-of-bed bun to bring the look a bit more style while still flaunting that effortless aura. (via @taylorlashae)
Curly Bun
Straight-haired girls don’t get all the fun. Show off those curls — in the laziest way ever! — with this simple, voluminous bun perfect for transitioning from the office to date night. (via Once Wed)
Wedding Bun
While weddings are, you know, pretty important events, that doesn’t mean you can’t still rock a low-maintenance ‘do. Get a bohemian look with this casual yet elegant bun accented with delicate gold detailing. (via Greg Finck / Style Me Pretty)
Under Bun
For the lazy girl with a bit of an edge, this sleek undercut style proves that not all buns are created equal. (via @thecutlife)
Floral Bun
If you’re anything like us, you’ve got a lot of weddings on your 2016 calendar. And while we love supporting our friends on their big day, that doesn’t mean we’re ready to spend hours on our hair. Vibrant flowers will give your bun a festive touch without going overboard. (via Treasures & Travels)
Origami Bun
For the girl looking to get crafty with her lazy-day ‘do, this aptly named bun involves folding your ponytail over itself several times. The result is as cute as any professionally styled look. (via Brit + Co)
Side Swept Bun
Celebrate Valentine’s Day with a soft messy bun. This one proves messy can be so romantic. (via Refinery 29)
Pinned Half Knot
While the half knot already boasts that too-cool-to-care vibe, this crazy easy bun kicks things up a notch. Toss out your hair ties and opt for a pin for your next half-knot style. (via Treasures & Travels)
Barrette Bun
Just ’cause a style is easy doesn’t mean it can’t look fancy. Add a gold clip to that sexy-sloppy mane to instantly elevate your look. (via The Beauty Department)
Messy Pony Bun
Bring some romance to your next pony bun with this ethereal take on the effortless trend. The light, face-framing wisps bring softness to this wonderfully haphazard look. (via Camilla Pihl)
Low Fan
Add a bit more bounce to your run-of-the-mill bun. Create this look by fanning out your low knot to give your hair a little extra texture. (via Byrdie)
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
The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regards to your individual situation. Comments concerning the past performance are not intended to be forward looking and should not be viewed as an indication of future results. Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. O'Keeffe Financial Partners and any other entity listed herein is not affiliated with Kestra IS or Kestra AS Investor Disclosures: https://bit.ly/KF-Disclosures