7 Ways to Copy Blake Lively’s Best Looks from the Week
Our favorite style icon, Blake Lively, never fell off the radar while she was pregnant (in fact, her perfectly styled baby bump all but commanded attention). But after baby James was born, she definitely spent some time out of the spotlight, and rightfully so. Now, as her new movie The Age of Adaline hit theaters, Blake’s been making appearances left and right, and with those appearances have come some pretty major outfits. One day this week she even managed seven outfit changes. Before noon. Apologies to her husband, Ryan Reynolds (aka the Green Lantern), but that just might be the most impressive superpower we’ve ever seen. We already showed you how to DIY her $500 cherry blossom jeans, but if you’re looking to deck out your closet in even more Blake inspired pieces, here are seven more ways to copy her style from the last few weeks.
1. Asymmetrical Zipped Tuxedo Dress ($76): Tuxedo dresses can either look totally awesome (case in point: Blake Lively’s getup at the Age of Adaline afterparty) or terribly frumpy. Keep your menswear inspired ensemble from falling into the latter category by rocking this piece that offers a zipper accent and asymmetrical hem. If you’re trying to replicate Blake’s look to a tee, grab these starry leggings ($25) to pop on underneath. (Photo via Jamie McCarthy/Getty)
2. Scuba Floral Print Pencil Skirt With Origami Peplum ($89): Headed to an important office meeting or a formal event? Copy the look Blake wore during a press day in this figure-hugging skirt topped with a fun origami peplum. (Photo via @blakelively)
3. Nine West Sleeveless Colorblock Dress ($76): Holy mother of color! Blake really spared no subtlety in this outfit she rocked after her spot on Good Morning America. Obviously, her ensemble in its entirety might be a bit much for an everyday look if you’re not used to turning heads on the regular, so tone it down just a bit in this tri-colored chevron dress. If you’re missing that bold yellow, add a colored belt or sunny heels. (Photo via @joodyfashion)
4. Crop Top Prom Dress In Faded Floral $172): The midi dress Blake wore while appearing on The Chew is a Lindsey Thornburg dress from her Spring 2015 collection, but considering pieces from this designer tend to run upwards of $400 we suggest you opt for this spring-ready ASOS frock instead. You’ll get the same hemline and color scheme with an added crop top element that makes it feel even more of-the-moment. (Photo via @style_of_the_universe)
5. Palm Leaf Jumpsuit ($80): Our copycat version has a more relaxed vibe and comes with straps but other than that, pop this on and you and BL will be totally twinning. If you’re going to copy this look Blake sported while on Live! with Kelly and Michael, do it to a tee wih red heels and matching lipstick. (via @melanimazzarini)
6. Pleated Python Maxi Skirt ($40): If Blake’s color blocked dress and coat are a little too wild for your taste, try a tamer version of the trend by mimicking the pants she rocked while arriving at Late Night with Seth Myers. Trade the Age of Adaline star’s solid colors for just a little bit a patterned fun in this maxi skirt. (Photo via @museblog)
7. Maggie May Midi Skirt ($48) and Crop Top ($48): Ready for a major monochromatic moment? Put a girly spin on the lilac power suit Blake dawned after a SiriusXM interview by translating it into a skirt + crop top combo. Garden party, here you come. (Photo via @earthward09)
Which of Blake’s outfits is your favorite? Share with us in the comments 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:
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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