Every Fashion Essential You Need in Your 20s, 30s and 40s
No ifs, ands or buts about it — you will reach a certain point in your life when a shimmery going-out dress, a streamlined trench and girl boss-approved power pumps will be in order. But rather than telling you what NOT to wear once you embark on a new style decade (‘cause that’s just crazy talk!), we’ve put together a list of 27 ceaselessly chic investment pieces — all divvied up according to decades, no less — you won’t want to be without. While the jury’s still out regarding the most fashionable age, we’re confident these style essentials will hold you down regardless of whether you’re in your fun and flirty 20s, ambitious 30s or fearless 40s. Can we get an amen to that?
1. Ban.do Boogie Daze Bomber Jacket ($99): B is for the futuristic bomber you didn’t know you needed, but now won’t be able to live without. This holographic stunner featuring a rainbow trim brings the badaboom factor. We dare you to *never* take it off.
4. Topshop Bee Blazer ($110): Mark our words: This cheeky bee-printed blazer will double for a class presentation, a double date and even a conference for young working professionals. Wear it as a matching set or toss it on alongside mom jeans and mid-heel ankle boots for a high-profile lewk.
5. Motel Finn Sequin Mini Slip Dress ($89): Cue the FOMO: You don’t want to reach your 30s only to have regretted NOT scooping up that totally risqué, wear-anywhere paillette dress.
6. Free People Galloon Lace Halter Bra ($20): Life in your 20s is all about embracing a lazy girl ‘tude. Don’t have to wake up until “half past eleven” for your first MWF class? Fine by us. Perfect your roll-out-of-bed-and-go routine with this scalloped lace halter bra that can be layered underneath a fisherman sweater or teamed alongside an open-back dress for a Friday night date.
7. Madewell 7-Day Stud Earring Set ($48): This set of seven-day mixed metal studs promises to hold you down every single day of the week, so you’re never left with *nothing* to wear. Mix ‘n’ match to your sartorial delight.
8. Duo Boutique Western Edge Poncho ($45): The beauty of a boho Aztec poncho is that you can literally toss it on and instantly look like you’re about to hit up Coachella. Throw in some fringed ankle booties, a felt fedora and some boho flares for a getup that channels sunny SoCal.
10. ASOS Bodycon Dress With Collar ($46): There comes a certain point in every working gal’s life when a Wednesday Addams-inspired collared dress is in order. Hitting just at the knee (conservative enough for the boardroom and justifiable for after-hours), this jersey bodycon dress will accentuate your best assets, while maintaining a level of professionalism.
11. Zara Asymmetric Flap City Bag ($70): Because you can’t call yourself a HBIC until you’ve got a chic top-handle satchel that means business. You’ll rock this two-tone suede and leather city bag during your morning commute alongside a wrap coat and power pumps, and a red haute power suit come networking hour.
12. Industry Standard The Margot Highrise in Indigo ($125): In lieu of fleeting denim styles, we recommend this streamlined, high-waisted pair that’s designed to elongate your legs and make you feel like a BOSS. Don’t even get us started about that deep shade of indigo blue — you’ll instantly feel 10 times more put-together upon heading out the door.
13. BaubleBar Fluoro Crispin Drops ($48): The easiest way to look presentable without having to put in the effort when playing hostess with the mostess? You’re looking at ‘em. These cobalt blue drops not only bring the red carpet appeal, but they look ah-maz-ing with a crisp button-down or a silk blouse.
15. Banana Republic Canta Pump ($128): Towering platforms and ankle-breaking steppers, you’ve been replaced. Proof that sensible need not equate to boring, these neon fuchsia suede block heels are ready to werk it.
16. Madewell High-Slit Jean Skirt ($90): Not to say you can’t wear a mini in your 30s (because you most certainly can), but there’s something so RN about a midi-length denim button-front skirt with ’70s undertones. The peekaboo slit doesn’t hurt either. Channel instant confidence by dialing it down with a striped tee, a handkerchief scarf and backless mules.
18. Everlane The Relaxed Cotton Shirt ($65): A no-frills, relaxed button-down is exactly what the doctor ordered for many a casual Friday and low-key weekend. It’s slouchy, yet still refined enough to be paired with a set of pearl studs, d’Orsay flats and a sleek bucket bag.
20. J.Crew 10 Percent Deck Turtleneck in Stripe ($75): When v-necks feel too casual and boatneck styles feel too resort, a form-fitting turtleneck will work to your advantage. Bonus points: This striped beauty even contains a hint of cashmere — AKA, perfect for any and all layering purposes.
21. Madewell The Transport Tote ($168): So easy to overlook, yet practical enough for day-to-day use, Madewell’s iconic leather transport tote is a total game changer. It’s deep enough to stow away all the essentials and professional enough to tote to work by the shoulder strap.
22. COS Wide Waist Pleated Trousers ($115): You *need* a pair of wear-everywhere paper bag trousers on deck. Let it be known: These bad boys, featuring a forgiving waist and dropped crotch, will make you look pulled-together even on days you feel like bummin’ it. Round out your corporate uniform with a form-fitting turtleneck and everyday skimmers FTW.
23. Illesteva Boca Sunglass ($220): A timeless pair of tortoiseshell frames that will last you a lifetime are a given once you turn the big 4-0. Turn your attention to these retro cat-eye shades by Illesteva that are worth every penny.
24. Kate Spade Rise and Shine Small Studs ($38): While an OTT pair of statement danglers may be required for more fancy affairs, subtle everyday bling a la a set of everyday studs will suffice for your Monday-Friday lineup. The Swarovski crystals are just enough to keep things interesting.
25. Everlane The Ribbed Wool-Cashmere Oversized Cardigan ($140): Time is of the essence. Between picking up the kiddos from school, meeting up with the ladies for brunch and running your own personal business, this oversized wool-cashmere cardigan is the throw-on-and-go layering piece you’ve probably been overlooking.
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