10 of the Most Beautiful Storage Boxes Ever
Even though it’s not quite time to roll up your sleeves for Spring cleaning, the new year is a great excuse to evaluate your organization habits. And let’s face it, we could all use a little boost in that department. So we’re here with a tip: we always find it easier to keep up with all your small trinkets and miscellaneous stuff when it’s stored in something as fabulous as the rest of your home decor. These 10 beautiful boxes will get the job done without skimping on style.
1. Kvittra ($9): Up the amount of pattern in your pad with this tricked out, tribal-inspired storage box made out of laminated cardboard. This stunner is one in a series of multi-sized and patterned boxes, so mix and match to your heart’s content.
2. Grey Felt File Box ($60): This might be the most fashion-forward file box we’ve ever set eyes on. Made of heathered menswear wool, this sturdy box would suit any modern office or study. Wish it had leather accents! That would really take it up a notch.
3. Storage Box Set ($54): Kate Spade does it again. These punchy nesting boxes with metallic trim are the pop of color your home has been waiting for.
4. Lucite File Organizer ($44): This lucite file organizer is a foolproof way to add a modern touch to any workspace. Color coded filing was never more appropriate.
5. Box Box Color Set of 3 ($34): We never knew we could be flat out obsessed with a cardboard box. This colorful, multi-sized set is a storage solution that stretches far beyond paper—think shoes, CDs, and even toiletries!
6. Nate Berkus File Box ($20): Bye bye bulk! These slim, ikat print storage boxes are perfectly sized for organizing your stuff.
7. Rifle Tin Recipe Box Set ($34): If your most important file tabs are labeled “pasta sauces” and “easy-bake breads,” then this dotted recipe tin is the file box for you. There might not be a chicer way to cherish your family’s culinary hand-me-downs.
8. Semikolon Document Box Autumn Collection ($20): Lay your most important papers, DIY supplies, or jewelry flat in these stackable boxes that open easily with a fabric tab. We’re smitten with this dreamy, ombre-like color scheme.
9. White Collapsible Storage Box ($12): This orange dipped, collapsible storage box might be the most durable option for stashing your stuff. It’s strong enough to hold heavy objects, too! (Think: sweaters, heavy belts, etc.)
10. 4040 Locust Medium Nylon Rope Basket ($49): Looking for more of an open-air storage option? These cool nylon rope baskets are an especially great fit for those of you who always like to see inside your storage. (Pro tip: this is an awesome hack for storing stuff in your closet. Because you can always see it, you’ll never forget what you own, but it will be tucked away nicely and neatly.)
What are your tips and tricks for staying organized in the new year? 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