What we love about SKYY® Vodka’s new line of premium cocktail-inspired flavored vodka is how easy it is to mix up a totally fancy drink. Just last week we shared 3 Fast + Fruity Ways to Dress Up Your Drinks, and this time it’s all about creating and styling the prettiest bar ever for your next soiree.
1. Colorful Napkins: patterned or brightly colored napkins add a bit of color to your table or bar.
2. Ice Bucket: Make sure your drinks don’t get warm by providing ample ice. There are so many fun ice cube trays on the market. Either get some fun shapes or perfect large cubes.
3. Stir Sticks: Pop a gum ball on a skewer to add some gaiety to your drinks.
4. Small Bowls of Garnish: Your bar will look enticing with plates and bowls of delicious garnishes like fruit, herbs and sugar or salt for the rims of your glasses.
5. Signage: It’s always a good idea to let your guests know what to expect. A “Make Your Own” sign will clear up any questions about who is making the drinks.
Add your custom garnish to one part SKYY® Barcraft Watermelon Fresca and two parts soda for a beautiful, personalized cocktail. We’ve got three combos to share with you.
A great fruit and herb combo, we are loving the SKYY® Barcraft Watermelon Fresca blend with a few slices of strawberry and a mint leaf. This drink would go great with a mozzarella and heirloom tomato salad.
Strawberry and Mint
The addition of mint adds a vibrant pop of color.
A classic combination, cucumber and basil with SKYY® Barcraft Watermelon Fresca will transport your taste buds to a relaxing spa.
Fill a bowl with thinly sliced cucumbers and few sprigs of basil. Your guests can add a slice and a leaf to their SKYY® Barcraft Watermelon Fresca for a yummy cocktail. There’s something about this combo that instantly melts your body into relaxation mode.
Cucumber and Basil
This flavor combo would be great served with a mixed greens salad tossed with olive oil and lemon juice.
Watermelon is undoubtedly sweet. Citrus, while sometimes sweet, more often falls into the sour category. Put the two together and you’ve got a sweet and sour liberty. All you need is a salty rim for a serious sensory explosion.
For this drink, we are adding lemon, lime and orange to our glass of SKYY® Barcraft Watermelon Fresca. This medley of citrus is packed with flavor and changes the impact of the sweet watermelon.
Try this concoction alongside a bitter arugula salad with parmesan, lemon juice, salt and pepper and you’ll hit every taste category there is!
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