See Ya, Summer! 35 Trendy Coats for Fall
Put away your short shorts and tanks and pull those sweaters and pants to the front of your closet. Not only does this mean the PSL is back, but the cooler weather also calls for a trip to the mall to shop for a new fall coat. Whether you’re on the hunt for a jacket for a night on the town or picking pumpkins at the patch, we’ve got one (or two or three) just for you.
1. ASOS Skater Coat ($101): Peplum AND a peter pan collar? It doesn’t get any cuter.
2. Free People Hi Flyer Coat ($449): Take a walk on the wild side with a patchwork cargo jacket.
3. Tasi Malibu Embroidered Jena Coat ($220): Don’t you just want to ride a horse when you see this jacket?
4. Circus by Sam Edelman Color Block Leather Jacket ($64): We didn’t think a color block leather jacket could be a thing, but this Sam Edelman coat totally proves us wrong.
5. Love Moschino Floral Trench Coat ($474): Just because it’s white and floral doesn’t mean this spring fling can’t be taken into fall.
6. Warehouse Duster Coat ($116): Wear this lightweight yellow number for a brisk walk in the park.
7. Banana Republic Leather Moto Jacket ($425): Say hello to the classiest leather jacket ever. EVER!
8. H&M Baseball Jacket ($60): Baseball season’s almost over, but this two-toned varsity stunner is just warming up.
9. Old Navy Hooded Denim Jacket ($40): This jacket combines two of our favorite things — a denim jacket and a sweatshirt. Totes comfy-cute.
10. Banana Republic Quilted Field Jacket ($150): See? Quilted jackets aren’t just for the (less enjoyable) winter months.
11. Old Navy Tweed Jacket ($40): Channel your inner Blair Waldorf and rock this ultra-affordable tweed jacket.
12. Banana Republic Striped Lady Coat ($175): Forget summer sailing. Pair this jacket with dark wash jeans and boots for autumn.
13. See U Soon Zip Detail Coat ($87): This wool number will keep you nice and toasty on the *extra* cool days.
14. Banana Republic Moto Sweater Jacket ($90): You know that “do I wear a jacket or not” weather? Enter: the sweater jacket.
15. Caslon Waxed Cotton Camo Jacket ($64): This is one camo item that WILL stand out.
16. Palash Bomber Jacket ($158): Take this fun floral jacket for a spin on your next night out.
17. Free People Peplum Jacket ($168): Stripes and peplum? Yes and yes.
18. Frontier Chambray Anorak ($138): This is the epitome of the perfect fall jacket. When paired with your favorite scarf and a striped tee, it’s a major score.
19. Anthropologie Cinched Knit Anorak ($98): Add a pop of color to your classic neutral outfit with this wine-colored knit anorak.
20. Anthropologie Jeweled Anorak ($198): Yes, this cargo jacket has rhinestones. Just let that soak in for a minute.
21. J.Crew Classic Duffle Coat ($298): Toggles take this jacket from drab to fab.
22. J.Crew Pinstripe Bomber ($198) Add a pinch of pinstripes to your wardrobe with this preppy bomber.
23. Biker Jacket ($129): Kick that old black leather jacket to the curb and snag this off-white beauty.
24. Short Trench Coat ($129): How can we round up 35 jackets and NOT include a classic trench? Everyone needs one. It’s a must.
25. Short Buttoned Coat($189): This buttoned coat gets an A+ from us.
26. Hooded Parka ($129): Check. Mate. This hooded parka just won us over.
27. H&M Duffle Jacket ($60): There’s nothing wrong with a simple black duffle jacket.
28. H&M Short Jacket ($50): Casual Friday just got *way* cuter. Sport this tailored number with dark denim and a blush tee.
29. Floral Bomber Jacket ($30): Strut your stuff in an off-white floral jacket for a casual autumn day.
30. Hooded Utility Jacket ($33): ¾ -length-sleeve jackets might not be the most practical thing in the world, but for those not-so-hot, no-so-cold days, this one’s a goodie.
31. Varsity Jacket ($40): Ditch your high school varsity jacket and upgrade to this edgy coat.
32. Essential Hooded Jacket ($35): This hooded number is what we’ll be living in this fall — from football games to pumpkin picking.
33. Forever 21 Moto Jacket ($23): A moto jacket for just $23? Forever 21, you just blue our minds ;)
34. ZARA Zipped Jacket ($149): We’re loving the cobalt color of this zipped jacket. Pair with a lightweight tee for fall or a cashmere scarf for winter.
35. GAP Quilted Knit Bomber ($70): As you can tell, bombers are the thing for fall, and this quilted one can walk its way into our wardrobes, um, yesterday.
What’s your favorite jacket to wear for fall? 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