5 Best Apps of the Week: Find a Dream Job, a Dream BF + More!
Saturdays are always pretty great, but the ones that kick off a long weekend have got to be the greatest — wouldn’t you agree, app fans and/or fans of fun? Today, there’s a little something for everyone in this week’s best app list: new ways to message friends, new downloads for finding your dream job (OR dreamlover, two separate apps ’cause otherwise that would be weird), an app that wants to correct autocorrect and one for exploring the great outdoors beyond your smartphone. Yes, that all exists! In one place! Here!! Keep reading for the best apps of the week.
1. Flips: Photos + words, it’s a simple equation, right? But when executed perfectly, as this new download will demonstrate, you’ll be able to unlock all the things you can’t say with the currents state of emoji. Flips is just plain fun and will bring new life to your texting game by letting you turn simple phrases into virtual flipbooks (remember how fun the IRL ones were in our youth, guys?!) of photos that tell your story your way. Bonus: You finally have a workaround for that missing taco emoji. Double Bonus: Lil Flip is backing it.
DL It: Free on iOS
2. at First Sight: Not to be confused with Bachelor host Chris Harrison’s video dating app with the exact same name and just about the exact same function (seriously, was this an acquisition or something?!), this dating app does what no other dating app did — um, before Chris Harrison’s dating app. On one hand new school and on the other old, you sift through pictures choosing to Admire or Skip and enter into 60 second video chats with possible suitors. As your matches grow, the app will automatically unmatch you with those you don’t really speak with and unlock new features and ways to communicate as your “Intimacy Levels” increase with the guys or gals you DO chat with on the reg.
DL It: Free on iOS, coming soon on Android
3. Tipo: This is a keyboard app that goes above and beyond autocorrect to actually show you your spelling mistakes, correct them and help you stop making them in the future. Use it throughout all of your apps to become a better speller… or at least look like one.
DL It: Free on Android
4. Switch: Like blank for Tinder/Uber/Spotify/etc, this app is a must-download for the dream jobseekers out there. LIKE TINDER for the job hunt, you swipe left if a job is not for you and swipe right if you want to speak to hiring managers and folks who work at your dream gig. You’re matched if they like your background. Yes, this is 2015’s answer to getting your foot in the door. You can edit what your profile (aka your last three jobs) are and block your current gig from being able to find you (phew!) and then blush when your future coworkers ask you how you heard about the company.
DL It: Free on iOS, coming soon on Android
5. AllTrails: I usually like to keep this app roundup to newer apps vs. recently updated apps, but I’m making an exception because — hey! It’s Memorial Day Weekend! And you should be out there reading this app roundup en route to a barbecue or something more adventurous. This was a DL I DLed while trying to find a hike with friends, but their recent update offers a whole new iOS redesign that turns something that was mostly utilitarian into something as pretty to look at as that waterfall hike they’re directing you to. Find new trails for hiking and biking, map the route and check it off your outdoors bucket list after you make it there and back.
What was the last app you downloaded? Share below!
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:
You X Ventures for Unsplash
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.
Kobu Agency for Unsplash
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