10 Ways to Wear a Fancy Jumpsuit Just Like Cameron Diaz
At a time when Hollywood’s most major fashion moments are determined by how much “hip cleavage” you flash (oh dear), we were beyond delighted to see a red carpet look with zero need for expertly placed Fashion Tape turning just as many heads. The A-lister responsible for this red carpet refresh is Cameron Diaz, who stepped out last week for the premiere of her blush-worthy comedy Sex Tape in a patterned jumpsuit instead of the standard fancy frock.
The belted, polka dotted one-piece not only looked effortlessly elegant on Cam, especially when styled out with sleek accessories, a messy updo + a matte lip, but served as an awesome sartorial PSA that you can dress to the nines without wearing a dress. It’s a point we’ll gladly take and pass along just in time for you to round out your final summer soiree outfit options. Ditch the dress with these 10 jumpsuits + rompers that match Cameron’s refined red carpet look.
2. Plus Size Front Chained Wrap Jumpsuit ($35): Beyond the gorg shade of royal blue, this jumper comes equipped with a chunky chain necklace. Sold!
3. Harlyn Peg Leg Jumpsuit ($199): You had us at “neon geo.” We’re obsessed with this playful peach one-piece — dress it up with gold arm cuffs and a killer clutch.
4. Forever21 Cutout Pleated Jumpsuit ($25): The pleats on this teal jumpsuit ensure utmost flattery while you have fun flashing your open back. With that bow closure to tout, we don’t blame you one bit!
5. Aqua Blue Triangle Jumpsuit ($88): By day, a beach-ready one-piece. By night, ready for the cocktail bar toast under a boxy blazer and paired with strappy heels.
6. ASOS Curve Exclusive Playsuit With Kimono Sleeve ($48): This might be the most flattering romper we’ve ever seen, all thanks to those kimono sleeves. This flirty silhouette is a must-try for every figure.
7. ASOS Jumpsuit With Wide Leg and Tie Detail ($96): Yes, you can look DDG in a jumpsuit, and ASOS shows us the secret weapon: This tie-back, wide-leg one-piece that blows your best LBD away.
8. Tart Kira V-Neck Jersey Jumpsuit ($168): We’re nuts about this slouchy jumpsuit that’s just begging to be fancied up. Step one: updo (really, it’s a must!). Step two: statement necklace. Step three: an Angelina-level pose.
9. H&M Satin Jumpsuit ($25): This simple silky one-piece should be your go-to summertime romper. It’s elegant, eye-catching and SO easy to wear.
10. Kona Jumpsuit ($248): Waiting to splurge on the perfect all-occasion jumpsuit? Allow us to play matchmaker and meet The One, here.
Have you ditched the dress for your fanciest summer parties? How have you styled them out for the fête + beyond? Tell 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