Learn How to Glitz Up Your Prints With Our Upcoming FREE Online Class
Get ready to glam things up! With spring in full bloom, it’s time to dust off your favorite notebooks, take out that pretty spring stationery and show your friends some love with homemade gold foiled cards that gleam and twinkle. Whether you are looking for a new hobby or want to add a little sparkle to your DIYs, we know you want your creative projects to shine. That’s why we teamed up with graphic designer and gold foiler extraordinaire Lee Schellenberger to create a FREEonline class that focuses on the basics, starting with the tips and tricks of the trade.
INTRO TO GOLD FOILING ONLINE CLASS
This course is perfect for anyone who wants their crafts and creations to glimmer. If you haven’t taken an online class with Brit + Co yet, this class is a great way to test out learning new creative skills with us (since it’s FREE!).
In Lee’s gold foiling class, you’ll learn:
- How to use various supplies and master basic techniques.
- How to add gold accents to greeting cards and wall prints.
- How to amp up your envelope addressing game with gold lettering.
After taking this class, you will be equipped with a new set of skills to shimmer up your greeting cards, invitations and prints.
Plus, we make it SO easy to get your projects started with the class’s companion supply kit, which includes deco foil transfer paper, a deco foil pen, envelopes and more! When the class goes live, make sure to grab the kit and follow along as you learn all about gold foiling with Lee!
This on-demand online course doesn’t launch until May, but you should definitely sign up today. Why? Because when you sign up early, you’ll not only get notified when this FREE class goes live, but one lucky person will get the class’s companion supply kit for FREE (a $24 value). Trust us: You don’t want to miss out on this awesome and good-as-gold DIY kit! ;)
Just fill out a few deets in the Typeform below, and we’ll follow up with an email letting you know that the class is live.
Pre-registration for this class has closed. This FREE class is now available here!
And don’t forget: One of the best things about a Brit + Co online class is that you can watch classes at your own pace (because it’s yours forever!). And hey, if you can’t wait to get the creative juices flowing, make sure to check out our Brush Calligraphy Online Class and Custom Stationery Online Class today!
What other creative skills would you love to learn? Tweet us @BritandCo and let us know!
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