While we're stoked for all things fall, we're even more excited to retire our neon manicures in favor of autumnal nail colors. You might be leaning toward a minimalistic, darker shade, but this season we urge you to try vibrant, richly colored nails that match the changing foliage. Ahead you'll find 10 hues to choose from. The only question is, which will you pick?
Bright Blue
Ella+Mila Nail Polish in Bags are Packed ($11): Just because it’s starting to get dull and gray outside doesn't mean your nail color has to follow suit. Brighten up the day with this bold blue.
Burnt Orange
Smith & Cult in Tang Bang ($18): While it’s not your typical orange, the deeper tone makes it a great compromise between red and orange.
Jewel Tone Purple Julep Nail Polish in Patricia ($18): With a touch of a shimmer, the jewel effect provides excellent shine without washing out the richness of the deep purple shade.
Stone Gray
Cote No. 100 ($18): Better than a basic neutral, this vegan, stone-gray polish will be a favorite everyday wear shade.
Copper
Flora 1761 Nail Laquer in Chocolate Cosmos ($16): If you have never opted for a darker tone on your nails, you have to give this rich coppery polish a go as the leaves start to change.
Foggy Teal
Rich Red
Nars Iconic Color Nail Polish in Hunger ($20): If your wardrobe consists of a bunch of cream shades this autumn, give your nails a pop with this head-turning hue.
Mustard Yellow
Essie Nail Polish In "NYC" ($9): Made for fall and inspired by New York City, this warm mustard yellow shade matches Central Park's autumn flora.
Coffee
Nails Inc. Caffeine Hit Nail Polish Collection in Rise & Grind ($11): Infused with coffee, this hue is sure to give you an energy boost this fall. With a neutral undertone and a hint of rose gold — you’ll be inspired to get up and hustle all day.
Forest Green
Butter London Patent Shine 10X Nail Polish in Across the Pond ($18): Upgrade your favorite dark shade with this vibrant green that glides across your nails and provides a long-lasting vibrant tone.
Which colors do you love this fall? Tell us about it @britandco!
Which colors do you love this fall? Tell us about it @britandco!
Brit + Co may at times use affiliate links to promote products sold by others, but always offers genuine editorial recommendations.
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