Anytime I search the latest beauty scene on Pinterest, I encounter the several pins showing me how I can get an instant at-home tan by adding Hershey’s Chocolate to any lotion of my choice. Seriously. For a long time, I completely ignored them because the thought seemed in all honesty, ridiculous! As time went on, and my summer glow is beginning to fade, I grew more and more curious about this little trick and whether or not it would actually work. Naturally, I had to play around to make this recipe something I actually want to slather on my skin, so I made the concoction with natural ingredients. Did our latest Beauty Mythbuster prove to be a game changer or totally #fail? See how it went!
The Goods:
– 1 small scoop cocoa powder
– 1 small scoop coconut oil
– Body brush
– Mixing bowl + spoon/spatula
1. Add your coconut oil to a small mixing bowl.
How to Make It:
2. Then add an equal scoop of cocoa powder to the mix.
3. Use your spatula to mix the two together.
4. Keep mixing until everything is blended to make a creamy delicious looking, smooth texture.
Tap the brush into the mixture gently. Be sure not to over do it — a little goes a long way!
How to Put it On:
Gently tap the brush with the product onto your skin. I started with my legs first. At this point I am thinking this is crazy and there is no way this is going to blend into my skin.
Step 1: Pat Onto Skin
Once you’ve used the brush to tap the product all over your legs, use your hands to finish rubbing it into your skin. This takes a little bit of time to really let the oil absorb into your skin.
Step 2: Blend With Hands
It is WORKING!!!
Dang! Normally I wait until the end to make such a bold decision, but man! It really really worked and it is surprising because it seemed like it was way too dark.
Continue the same stippling motion to apply product to the rest of your body.
Step 3: Finish Up!
Blend with your hands!
Let dry. Make sure the oil is FULLY absorbed into your skin before getting dressed to avoid any marks of color on your clothing.
Subtle, natural but definitely a deeper hue!
Conclusion: Bust or Beauty?
Beauty!!! All. Day. I think this is such an easy way to whip something up quickly with things you may already have in your home. The scent is divine and once it dried it stayed on my skin for the rest of the day. Even when I showered, I had to really exfoliate my body to make sure I got the residue off, which is comforting to me because I don’t have to question its durability in the future. All that being said, this route is not waterproof by any means. If you want a tan that will stand up to water, you’ll have to fall back on the self-tanner or schedule a good old lay down in the sun.
Side note — don’t eat it!
Despite the overwhelming delicious scent and its deceiving brownie batter appearance, it tastes NASTY! Too chalky and not sweet at all! Haha! The things we do for you <3
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
The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regards to your individual situation. Comments concerning the past performance are not intended to be forward looking and should not be viewed as an indication of future results. Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. O'Keeffe Financial Partners and any other entity listed herein is not affiliated with Kestra IS or Kestra AS Investor Disclosures: https://bit.ly/KF-Disclosures