14 Ways to Dress like a NYFW Street Style Star on a Budget
Fashion Week is so much more than a chance to ready your next-season style wish list — it’s the perfect place to gather much-needed mid-season style inspiration. But the right-now outfit inspo doesn’t come from the runway itself, but rather the streets, where the fashion set — style bloggers, editors and It girls — strut their stuff in carefully curated outfits that are down-right dreamy. If fashion month gives you a serious case of FOMO, brush it off. You don’t have to be swimming in invites to get in on all the action. Just shop this hand-picked list of under-$100 finds to give your style repertoire a dash of street style star edge.
1. ASOS Bomber Jacket With Zip Detail ($95): Bomber jackets are going to be big this spring, so be prepared to see them popping up on the streets all fashion month long. Get a head start on your own new-season style by dressing one up It-girl style with a flowing frock or sporty sheath dress and ankle boots.
2. Front Row Shop Oversized Color Block Sweater Dress ($85): No Fashion Week is complete with a bit of artful layering. Oversized sweaters and midi skirts? Straight-up sartorial gold, and a look you can effortlessly rock both on and off duty. Take the foolproof combo to the next level by creating dramatic contrast with fabric and color.
4. Topshop PU Pleated Midi Skirt ($100): Bold color is a shortcut to a standout look, but it’s not the only way to make a statement. Meet the understated piece redefining power dressing: a pleated leather skirt in a powdery pink hue. The fusion of flirty feminine and femme fatale styles is a total game changer. Make it ready for the boardroom with a sleeveless turtleneck tunic and belt. Crop tops, oversized sweatshirts and leather jackets take it into off-duty-cool territory.
6. ASOS City Maxi Stripe Column Dress ($66): Traveling light doesn’t have to mean compromising on style. No matter what your destination — NYC, Paris or your favorite small-town locale — incorporate a multifunctional piece with plenty of personality. Toss a biker jacket over this striped stunner and you’re good to go; accessories and footwear will switch up your look from day to night.
7. H&M Jacquard Knit Top ($40): Your basic tee gets a major boost with look-at-me graphics and contrasting color. It would be perfect layered under blazers (even on the job) or playful pinafores, or paired with cropped jeans.
8. Topshop Premium Shearling Clutch ($95): While you don’t want to outshine that killer mani, this shearling-trimmed clutch is too good to pass up. It might feel intuitive to take the rest of your outfit in a more minimalist direction to create balance, but a vivid backdrop will really make this soft, textural gem pop.
9. Mango Belt Straight-Fit Trousers ($80): Good news for (fashion-forward) lazy girls everywhere: Culottes and wide-leg pants aren’t going anywhere in 2016. And that means endless on-point outfits with comfort built right in. Style these belted bottoms up with printed blouses and slip-on flats for a relaxed-yet-refined look.
11. Cooperative O Loop Belt ($29): You don’t need dozens of new duds to keep your wardrobe feeling fresh. Give new life to classic coats, A-line dresses and tunics, all with a super simple, budget-friendly accessory: a sleek belt. Knot it up for a hot-off-the-runway look.
13. H&M Shoulder Bag ($35): When you want to go hands-free (hello, dance floor), a crossbody bag is it. Skip the mini bag and channel some serious Jane Birkin vibes with a saddlebag style. The cool carryall has a subtle laid-back edge and provides plenty of space to tote your can’t-live-without-them items.
14. Forever21 Contemporary Front Slit Pencil Skirt ($20): No matter what you’re wearing on top — tees and sweatshirts included — a pencil skirt gives any ensemble an Insta-worthy boost. Add drop earrings and pointed-toe boots for an extra-polished finish.
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