30 New Year’s Eve Baby Names That Are Ready to Party
It’s that time again: Time to reflect on the past 12 months and look forward to the New Year ahead with a clear mind, hopeful heart and strong resolve. If you’re expecting around New Year’s Eve, it’s also a great time to consider some extra meaningful baby names. We’re sharing 30 of the most festive, hopeful andcreative baby names to capture the joyful sentiment of the season.
New Year’s Eve-Themed Boys’ Names
1. Alden: If you give birth on New Year’s Eve or Day, this name is a perfect subtle nod to “Auld Lang Syne.” It also means “old, wise friend,” which encapsulates the very meaning of the NYE song.
2. Asher: This well-liked Hebrew name means “fortunate, blessed, happy one.” Who could ask for more in the New Year?
3. Felix: Felicitations to the happy parents of this fortunate boy!
4. Gaius/Caius: Latin names like these, both of which mean “rejoice,” are great options for those looking for classic names that aren’t overly common today.
5. Gennaro: Not only is it Italian for the month of January, but it’s also the patron saint of Naples.
6. Isaac: This ever popular Hebrew name means “laughter,” which is one of the most joyous things you could wish upon a kid.
7. Janus: This January-ish name is shared with the ancient Roman god of new beginnings and transitions.
8. Levin: New Year’s Eve is all about spending time with dear friends, and that’s exactly what this German name means.
9. Neo/Neon: Whoa. Keanu was onto something. Similar in sound, both names mean “new,” which is perfect for NYE.
10. Novak: Another name meaning “new,” this Serbian moniker is a great option for fans of last names as first names.
11. Simcha: If you want to go old-school Hebrew, this name perfectly captures the spirit of New Year’s: gladness, mirth and festivity.
12. Tate: For fans of monosyllabic boys’ names, Tate is a strong choice meaning “cheerful.”
13. Vidal: It’s the perfect time of year to reflect on life itself, which is what makes this Spanish name so appropriate.
14. Von: Short and sweet, this boys’ name simply means “hope” in Norse.
15. Xavier: The future is “bright” for your little New Year’s baby.
New Year’s Eve-Themed Girls’ Names
1. Allegra: Let’s get this party started, little lady! Her name, meaning “joyous,” sets the tone for a happy life ahead.
2. Amal: Yup, the same as Mrs. Alamuddin Clooney’s first name. It’s Arabic for “hope.”
3. Dawn: It’s a new day and a new life: Give her this pretty name to match.
4. Esperanza: Similar in sound to the more popular Spanish name Esmeralda, this one translates to “hope” for your New Year’s babe.
5. Felicity: Felicity is bringing that Latin good fortune to the girls’ names as Felix did for the boys’ names.
6. Gala: Did you go into labor at a swanky New Year’s soiree? Name her after the event, and she’ll share the name with Salvador Dali’s wife.
7. Hilary/Hilaria/Ilaria: There are plenty of spelling alterations for this cheerful name.
8. Hope: Get right to the heart of the New Year with a classic.
9. Joy/Joyce: Same goes for these lovely ladies’ names.
10. Leta/Leda/Letitia: There are so many ways to express joy and gladness around the world. Here are a few that make great girls’ names.
11. Nadia/Nadine: Nadia is Russian for “hope,” while Nadine is the French way.
12. Nia: You might think this name is related to the masculine Neo, but it’s actually a Swahili name that translates to “resolve” — perfect for the time of New Year’s resolutions.
13. Nova: Nova, on the other hand, does mean “new” in Latin.
14. Revel: If you’re inspired by Rebel Wilson, but can’t actually give your daughter a troublemaker’s name, try Revel to celebrate the revelry of the New Year.
15. Viva: The New Year is all about cherishing life, making this lovely Latin name a beautiful choice.
Are you due around New Year’s Day? Share some of your favorite hopeful and celebratory names with us on Twitter @BritandCo!
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