Avoid These 6 Drinks to Prevent a Hangover
From time to time (okay, most weekends), we can get a little carried away when it comes to our cocktails. And inevitably, we wind up paying for it the next day. We’ve tried all the please-help-me-now hangover-curing workouts, next-day hangover recipes and even ancient hangover helpers like kudzu. But you can actually stop your hangover before it even starts if you’re just a little wiser about your drink selections (and of course, drink water between rounds). Unless you actually like waking up with a splitting headache and sitting in the dark all day after a night out, here are the six types of beverages you should avoid.
1. Margaritas: We hate to say it, but your favorite chips-and-salsa co-pilot is basically hangover fuel. Most margaritas are made with super sugary, artificial mixers. And since they go down so easy, you’re likely to have more than you should.
2. Bourbon: A general rule: If it makes you feel like a hard-drinking cowgirl at the bar, it probably will the next day too. Bourbon, like all dark liquors, contains a high amount of congeners (the stuff other than alcohol that goes into a drink when it’s fermented and contributes to getting you drunk). And actually, it’s one of the worst: Bourbon has eight times as many congeners as gin, and thirty times as much as vodka. Yeehaw!
3. Rum and Coke: You’ve got two factors working against you here: The dark liquor and the sugar. Opting for Diet Coke isn’t the answer, because that contains its own whole world of nutritionally questionable ingredients. And anyway, lots of cheap rums are mostly sugar themselves. If you really want the taste of a rum and coke, splurge a little for higher quality rum, like Bacardi, and ask for a splash of ginger beer.
4. Sparkling Wine/Champagne: We’re never ones to pass on popping some bubbly, but you have to be careful when you do. The extra fermentation that makes it fizzy ups the alcohol content, and the bubbles speed up alcohol absorption as you’re drinking.
5. Long Island Iced Teas: Yes, you’re paying the same amount for way more alcohol. But this really isn’t a recommended way to save money. In addition to the five different liquors in Long Island Iced Teas, they’re also heavily sweetened with coke and simple syrup, which compounds the hangover risk.
6. Stouts: Some schools of thought believe beer is plenty hydrating, but stouts definitely don’t qualify. The same rules about dark liquor apply to dark beers. The deep color comes from all the extra congeners. Just think about how you feel the day after lots of Guinness on St. Patty’s. Not awesome.
What’s your go-to drink? Tweet us your picks @BritandCo.
(Photos via Getty)
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