Black + White Stripes: 25 Chic Ways to Sport the Trend
Staying inside the lines isn’t all that bad. Well at least when it comes to stripes it isn’t. The chic pattern we all know and love can be classic, elegant, fun or all of the above. But lately, it’s all about the black and white variety. And that’s precisely why we’ve got 25 ways to incorporate them into every aspect of your life. Contrasting lines are the new black… or should we say the new black and white?
2. Pointy Toe Pumps ($645): These stripey high fashion pumps will make you runway ready in a snap. Hey, if the shoe fits…
3. Nail Stickers ($19): Oh, nail art. How we love you so. Especially when you require no artistic abilities and come in sticker form. This mani set lasts up to one week, which is exactly how long it will take for you to show off the look to all of your gal pals.
4. Teapot ($58): This simple striped teapot may look sweet, but it can brew a mean cup of tea.
6. Tapered Tee ($78): This cotton top has a slight drape, so it’s all easy breezy beautiful summertime. Basically, it’s a closet staple, guaranteed to never go out of style, like, ever.
7. Washi Tape ($4): The roll of tape that literally dominates the home decor and DIY scene comes in black and white stripes, so you should probably get your hands on some.
8. Headboard ($268): Nothing makes a set of crisp, white sheets look better than a bold striped headboard. You don’t even need to paint the walls. Your friends will probably ask you who your interior decorator is. It’s that good.
9. Candy Stripe Mini iPad Folio ($45): Doesn’t your tablet deserve to be well-dressed, too? We think so. And so does Kate Spade.
10. Cotton Gauze Dress ($225): Hand sewn by artisans in Ethiopia, this sophisticated lightweight dress is ideal for hot summer days. Dress it up with a pair of espadrille wedges and statement earrings, or wear it barefoot on the beach for a more relaxed look.
12. Block Wedges ($80): These absolutely adorable platform wedges are what every girl needs for spring. You don’t even need to think about what to wear since everyone will be admiring what’s on your feet.
13. Mylar Balloons ($9): Throwing a party? These black and white striped balloons are the perfect addition to your decor, whether it’s a bachelorette bash or a gala in the garden.
14. Color Block Clock ($30): Would you look at the time? This graphic wall clock serves as both a practical time-teller and a modern piece of art.
15. Stripe Play Tote ($68): You can never own too many totes. With beach season approaching, you’ll be thankful for this cute cotton companion.
16. Paper Party Straws ($4): You know you’re stripe-obsessed when even your straws are black and white. These cool tubes make your glass of water look stylish.
18. Envelope Clutch ($50): Looking to add some stripes to your wardrobe? This oversized envelope clutch will match with pretty much everything in your closet.
19. Round Sunglasses ($260): How freakin’ awesome are these? Round shades have never been so in style and with the skinny stripes filling up the frames, you’re basically rocking two trends at once.
20. Bow Tie Pasta ($9): You eat with your eyes first. And these tasty bow ties are going to be wallpapering Instagram as soon as you set them down on the the dinner table.
21. T-Shirt Dress ($37): We’ve all heard that horizontal stripes aren’t the most flattering of prints, but this dress allows you to wear them while still looking incredible. The vertical stripe panels actually slim the waistline. Score!
22. Duvet Cover Set ($25): Living and breathing a striped life? This dashing duvet allows you to sleep in them, too. The sunny yellow band across the top adds the perfect pop of color.
23. Hand Towel ($7): According to this reversible, fashion-forward hand towel from H&M, every bathroom needs stripes.
24. Glitter Canister ($88): A container made especially for glitter? Yes, please! For those who don’t have glitter on hand 24/7, you can use this funky jar to store everything from cookies to cotton balls.
25. Weekender Bag ($180): Take your stripes on a trip with this canvas bag from Kate Spade Saturday. With two interior pockets and a bottom zipper shoe compartment, you can carry all your travel essentials in style.
How do you rock black and white stripes? Share with us in the comments!
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