13 New Ways to Get Creative With Wine Corks
Ahh wine… is there any better way to celebrate the end of a hard week, a birthday or a random Tuesday night than with a glass of your favorite wine? And if you’re anything like us, you probably go through more bottles than you’d like to admit which means you have plenty of corks laying around. Instead of discarding them, why not put them to good use with some creative projects? These 13 DIYs using corks will give you another reason to pop open a bottle of wine (not that we need one!)
1. Wine Stoppers: Give your wine bottles the rock star treatment with these glitzy stoppers. Display them at your next party or add them to the bag the next time you gift someone a bottle of wine. (via Brit + Co)
3. Wine Cork Stamps: So simple but with so much potential. Cut little shapes and letters out of the cork to make stamps that you can use to personalize all your gifts, cards and party favors. (via Brit + Co)
4. DIY Wine Cork Sculpture: This is so much more than a DIY project, it’s art. This adorable giraffe sculpture is perfect for a kid’s room but also looks whimsical and modern on your bar or kitchen counter. (via Lil Blue Boo)
5. Wine Cork Trivet: Upgrade from those IKEA cork trivets you’ve had for years with this geometric shaped DIY. The pop of color on the outside is the perfect complement to the neutral shade of the corks. (via Crafty Nest)
6. Candlestick Photo Holders: Create a nostalgic tablescape for your next Thanksgiving dinner by using candlesticks and wine corks. What better way to celebrate family than to have pictures of all the generations displayed? (via One Charming Party)
7. Cork Art: Proof that one woman’s trash is another woman’s treasure — all these corks that normally would have been thrown away are used to great dramatic, three dimensional wall art. (via Project Rowhouse)
8. Wine Cork Herb Markers: This is the ultimate craft for the un-crafty. Seriously, all you need to do is write on the names of the herbs and stick ’em on a skewer. Every herb garden needs these ASAP! (via Shine Your Light)
9. Knot Bottle Stopper: Every bottle deserves a fun bottle stopper, especially when they’re so easy to make. You can glue just about anything onto the wine cork, but we especially love these nautical themed sailor knots. (via A Subtle Revelry)
12. Cork Screwed Flowers: Spring may be long gone, but that doesn’t mean your bar cart can’t be permanently infused with the spirit of spring. Top your wine corks with an assortment of flowers in different sizes and colors to create a garden-like effect. (via A Subtle Revelry)
13. State-Shaped Wall Art: Celebrate your roots with this cork wall art shaped like your favorite state. Feel free to make multiple of them to celebrate all the places that are special to you. (via Brit + Co)
Which of these projects has inspired you to save your corks (and drink more wine!)? 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