9 Brilliant Career Bloggers You Should Start Following ASAP
There’s no doubt about it, navigating your career path can be complex. Whether you’re looking for a job straight outta college, digging yourself out of student loan debt or trying to jump on the right opportunities (even if that means accepting a job you don’t really want), there’s never a shortage of questions that come up when you’re tackling something for the first time. While friends can dish awesome advice, we love following top-notch career experts for tried and true tips about all things work. Read on for a list of nine super smart bloggers we recommend you start keeping up with ASAP.
1. Marie Forleo: The brilliant brain behind B-School, Marie has championed a digital movement while educating thousands of women who have become brazen careerists and business owners. As if that wasn’t reason enough to follow along, even Oprah has named her a thought leader.
2. Jill Ozovek: Jill is the best source for advice on finding everyday balance and focus. A career coach living in NYC, her posts cover tough to tackle topics like how to tell if your prospective boss is a jerk and how to stay focused when your mind is elsewhere. Her blog is designed to help you identify and land your dream job.
3. Lindsay Pollak: We LOVE how Lindsay has positioned herself as a millennial workplace expert, and her perspective has helped millennials and companies understand how to work best together. Scroll through her posts for skills that every young professional needs to learn, like how to work with your friends.
4. The Branding Muse: If branding is an art, Emmelie De La Cruz is a talented artist. We love her tips for social media and personal positioning online, which are especially helpful if you’re looking to up your digital cred or build a personal website.
5. Life After College: Jenny Blake chronicles the transition from college to the professional world. Follow along for advice about selling yourself with little experience, landing the gig and how to cut yourself some slack during a job search. We think you’ll love her mission to help people “wake up, live big and love the journey.”
6. Penelope Trunk: A longtime fave read, Penelope writes from the perspective of a four-time successful startup founder. We love her productivity and management tips, along with her online course offerings that cover everything from entrepreneurship to blogging. Plus, she shares some educational personal stuff too, namely her first-hand experience with Asperger’s syndrome, which she and her son live with.
7. The Office Blend: Dr. Marla Gottschalk is the lone psychologist to land a spot on our list! An expert in workplace success and organizational change, we’ve found that her articles about work and life especially resonate during challenging times. Leap over the hurdles with her science-backed suggestions.
8. Ask a Manager: Alison Green’s site can suck us in for hours! Her smart blog posts on topics like work jerks, layoffs and good management are both educational and inspirational — the magic mix of what every careerist needs to succeed. Looking for something specific? Submit a question for her next Q&A post!
9. Brooklyn Resume Studio: Though Dana Leavy-Detrick’s site is home to her professional career services, the corresponding blog she writes is fabulous and should not be missed. Reference it for all things related to resume and cover letter writing, while taking in extra tips that are sure to help you shine when submitting a job app or interviewing.
Which blogs have helped you with your work or career? Share them 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