Stumped on what to give the great dads in your life this June 21? We've pulled our faves for all of them: camper dad, music dad, art dad, grill dad, beer dad, even burrito dad or just all of the above. Take your pick and treat him to something that shows a job well done.
Artifact Uprising Soft Cover Photo Book $15 and up
Put together his favorite dad photos for an annual memory book he can keep on his desk or bookshelf.
Upgrade his camping gear this summer with this freezer-quality, bear-resistant (certifiably so!) cooler, constructed the same way as whitewater kayaks. (So it's durable for rugged adventures.)
LARQ Bottle $95
The LARQ Bottle self-cleans and purifies, using UV-C LED light to take out 99.9999 percent of bio-contaminants from his water and bottle. It looks good too!
Hamilton Beach Electric Indoor Searing Grill $70
For the dad that knows his way around the grill, there's this easy-to-clean indoor one to keep him cooking all year (and all weather) long.
Thousand Helmets Heritage Helmet $90
Inspired by vintage motorcycle helmets of the '50s and '60s these minimalist helmets will get dad to and fro in style.
Exploding Kittens Throw Throw Burrito $25
For the dad who loves burritos *and* dodgeball, there's this card game a la flying foam burritos.
Spikeball Standard 3 Ball Kit $60
Shark Tank fans will enjoy this spikeball game for backyard, beach, park and even indoors as summer staycations become the norm.
Kootek Camping Hammock Double & Single Portable Hammock $22-$35
Got two trees? Dad can bring this portable parachute hammock with him anywhere: backpacking, the beach, backyard, and travel.
Support the Phenomenal Woman Action Campaign, and along with it nonprofits like Families Belong Together, Black Futures Lab, Native Voices Rising, with this sweatshirt for proud girl dads everywhere.
Patagonia Atom 8L Sling Bag $59
This water-repellent single-strap sling bag is great for exploring the outdoors with kids in tow.
This compact and optimized personal blender will get him back on the health track.
Forest and Harold Money Clip Slim Wallet $45
This stainless steel money clip and slim wallet, available in a bunch of color combos, is the anti-Castanza wallet. The leather wallet is perfect for back pockets and holds up to 8 cards.
These Zoom Gravity sneakers from Nike adds a spring in dad's step and gets him back to what he loves to do, from road to court.
Kanu Surf Men's Barracuda Swim Trunks $18
Get him ready for summer with these cargo swim trunks in camo print, stripes, hawaiian florals and more.
Oura Ring $299
This titanium ring wraps around his finger (where the pulse is strongest) to capture dad's resting heart rate, body temp and more through all stages of the day. He'll get three daily scores on sleep, activity and advice for how to improve. Oura's Moment features a guided meditation and mindful breathing sesh too. (It's one of Brit's faves!)
Bose SoundLink Revolve, Portable Bluetooth Speaker $200
Give the gift of wireless surround sound + wireless range of 30 feet so dad can enjoy up to 12 hours of his favorite tunes, thanks to a rechargeable, lithium-ion battery.
Marshall Kilburn II Bluetooth Portable Speaker $270
For the dad who likes a little vintage style to his portable speaker there's the Kilburn II Bluetooth Portable Speaker with a 20-hour lifespan.
Beats by Dr. Dre Beats Studio³ Wireless Noise Cancelling Headphones $350
As long as he promises to put these on *after* the kids go to bed, these noise-cancelling Beats headphones are a great gift for when you're bingeing on two different Netflix shows.
For the dad who likes to primp and groom, there's this package (worth $290) of clay mask, face oil, night cream and more to keep his face fresh for the day.
Muse M Classic $118
You can add prescription lens to these classic shades available in a bunch of colors.
Bevel Shave Kit $90
A close second to getting a pro shave, this kit will put his disposable to shame with a reusable safety razor (and 20 blades), shave creams, oil, and balm.
Whiskey Appreciation Crate $160
Personalize a handmade whiskey decanter and two heavy bottom rocks glasses for the whiskey-loving dad. The kit comes with two ice molds, slate coasters, a whiskey drinking journal and salty nuts.
Sagamore Spirit Straight Rye Whiskey $44
Add a bottle of this award-winning rye whiskey with vanilla, caramel and spice notes to his kit Here's a recipe to add to his handmade card!
Sagamore Seltzer
Ingredients:
- 1.5 oz. Sagamore Spirit rye whiskey
- Perrier seltzer water
- Squeeze of fresh orange juice
- ½ oz. simple syrup (optional)
Share your Father's Day pics with us @BritandCo! Have a good one!
Brit + Co may at times use affiliate links to promote products sold by others, but always offers genuine editorial recommendations.
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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