Celebrate the Weekend With 10 New Things to Stream on Netflix and More
Is there anything better than a summer weekend? We think not. If you’re looking for something to help you relax from a high-intensity week prior, may we suggest a movie marathon? Grab a bowl of popcorn, plop on the couch and choose from these 10 shows and movies worth checking out this weekend.
1. Orange Is the New Black: IT’S BACK! IT’S BACK! Season four of possibly-the-most-talked-about Netflix show lands today, and we’re going to spend all weekend zooming through it. The new season looks like it’s gonna be chock full of new prisoners, trouble for Piper and the return of Alex. We’ll talk more on Monday. (Photo via Netflix)
2. Married: We all know married life isn’t easy. But this FX comedy is out to prove that there can be humor in married misery. Watch it for very, very funny appearances from Jenny Slate, hilarious gags and relatable moments — even for singles. (Photo via FX)
FILMS THAT HIT YOUR FUNNY BONE
3. Whiskey Tango Foxtrot: Give us Tina Fey and we’re on board, no questions asked. Luckily, her movie — also starring Margot Robbie, Martin Freeman and Alfred Molina — is full of plenty of the dry humor Fey is famous for. (Photo via Paramount)
4. Ghostbusters: Celebrate the imminent release of the all-woman Ghostbusters with a re-watch of the 1984 original. Do we even have to say it? You know who you’re going to call. (Photo via Columbia Pictures)
TV SHOWS THAT ARE RIPE FOR BINGE-ING
5. Grey’s Anatomy: Find your person and celebrate all 12 seasons of Grey’s Anatomy, now that it’s finally available on Netflix. Relive the drama, unwarranted deaths and Doctor McDreamy-ness with a weekend-long binge. (Photo via ABC)
6. 30 for 30: OJ Made in America: OJ Simpson has been everywhere on TV lately. The newest appearance is in the epic seven-part documentary from ESPN. This all-encompassing series follows Simpson from his childhood to murder trial and is a fascinating, in-depth look at the man behind the media circus. (Photo via ESPN Films)
FLICKS FOR PEEPS WITH MERYL STREEP FEVER
7. The Giver: There are several reasons to watch The Giver. You could watch it because you read the book or maybe because you like dystopian story lines. The reason we’re watching it? Meryl Streep. She (as always) gives a powerful performance as the Chief Elder, along with other members of the star-studded cast: Jeff Bridges, Katie Holmes and Taylor Swift. (Photo via ASIS Productions)
8. Heartburn: Throw it back to old school Meryl Streep when she played Rachel (a fictionalized version of Nora Ephron) opposite Jack Nicholson. The very funny, heart-breaking film about a messy public divorce is equal parts sentimental, fury-driven and hysterical. (Photo via Paramount)
MOVIES THAT PROVE WHAT HAPPENS IN EUROPE…
9. Midnight in Paris: One of our personal favorite movies of all time just landed on Hulu. Owen Wilson stars as a man visiting Paris, who is magically transported back to the 1920s every night at midnight. The movie is charming, surreal and will make you want to get on the next plane to Paris. (Photo via Sony Pictures)
10. Remember: Christopher Plummer (Captain Von Trapp from The Sound of Music) stars as an Auschwitz survivor who goes on a rampage to avenge his family’s deaths. The movie is a powerful thriller and reminder that the pain of the Holocaust still lingers. (Photo via A24)
What else are you watching this weekend? Let us know @BritandCo!
(Featured photo via Getty)
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