6 Fitness Journals to Keep Track of ALL Your Goals
The time for resolutions may have long since come and gone, but you can choose to live a healthier, more well-balanced life any day of the year. Whether your goal is getting in some cardio outside the gym, focusing on a specific area, like getting thighs + buns of steel, or you simply want to sleep better every night, staying on top of your goals can be tough. Writing your goals and your progress along the way can be a major help for sticking to what you set out to do. We’re sharing six fitness journals that make reliving your sweat sessions and keeping track of your meal plans simple and stylish.
1. Erin Condren Wellness Journal ($6): This journal provides monthly charts where you can measure your weight, inches and progress, making it easy to set and keep goals. You can also track your water intake, record your steps or keep an eye on calories — whatever best fits your routine. Bonus feature: You can identify your target heart rate and measure your body mass with a helpful chart included on the back pages.
2. Fitlosophy Fitspiration Journal ($20): This super witty and trendy fitspiration journal is a 16-week fitness-meets-gratitude journal. It delivers a daily dose of inspiration, along with tips to live a fitter life. Nab this one for the serious goal getter in your life.
3. Believe I Am Journal ($20): Calling all runners: This journal was tailor made for you by two elite professional runners, Lauren Fleshman and Roisin McGettigan-Dumas. It’s part diary and part workout log, and will keep you honest and motivated to run. Plus, the insightful essays and information on topics like competition mindset, training, recovery and more will have you informed too.
4. Daily Greatness Training Journal ($40): This colorful and bright journal inspires you to reach your full potential by setting a series of short and long-term health and wellness goals for a 12-week period. Think of it as your own personal trainer for the next three months. It’s filled with daily tips, inspirational quotes and encouragement to get you feeling your absolute best.
5. May Designs Health + Fitness Journal ($23): This 76-page health and fitness journal encompasses spaces for all the essentials of a healthy lifestyle: nutrition, exercise and water, plus it leaves plenty of space for goals, daily motivation and other notes. The clean format and simple font make it super user-friendly and fun to fill out. Oh, and did we mention you can personalize these beauties too?
6. Lorna Jane Active Living Planner ($35): This vertical flip planner is a 12-week healthy living challenge broken down into digestible, daily sections. Inspiring quotes, positive affirmation and room for progress notes are just a few of the key elements that make this planner the perfect accessory to kickstart your new healthy lifestyle.
Tweet us your fitness goals and healthy living moments @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