For Royals and Radioactive Rockers: A Pretty Playlist of Grammy Beauty
Get Lucky, Radioactive, Royals, Locked Out of Heaven, Blurred Lines— this year’s Record of the Year category might as well be a grand Grammy face-off between all of our favorite workout jams. While we’re used to these tunes pushing us to move it-move it, today we’re letting them inspire a pretty playlist of makeup and hair we want to remix into our every day routines.
1. Up All Night ‘til the Sun Shadow: Our favorite Daft Punk/Pharrell song of the summer comes to life with a glitzy gold and coral eyeshadow duo that looks like a *surprise!* sunrise might after a long night of partying heartily. (via Keiko Lynn)
2. Legend of the Phoenix Gold Lips: You’ll need these unexpected gold lips to a) light up the night and b) pout your way past any bouncer that threatens you with that “wait in line” business. (via Refinery29)
3. Get Lucky Gold Nail Charms: We’re up all night just Pinning and pining for nail art. You too? While we’re charmed by these dollar sign decals, a steady hand and gold nail art pen over a shimmery shade would do the trick too! (via Pinterest)
4. Crown of Curls Hair How-To: Sigh, we know, we know, Lorde! We’ll never be royals (“roooyals”) but at least can we have your hair? Please?! You can at least give it a shot with our wave tutorial! (via Brit + Co.)
5. Oh Lorde: Fit for a Queen Eye Makeup: We’re driving Cadillacs in our dreams… over to Lorde’s house to get her to do our makeup before school in the morning. Or just copping her cute cat eye from this beauty blogger. (via From Head to Toe)
7. We’ll Paint it Red Warpaint: How would you do your makeup the morning of an apocalyptic revolution? Probably like this. We plucked this prettiness from Pinterest to bring the Imagine Dragons tune to life, but recreate the winged shadow here and the bright red kisser here! (via Pinterest)
9. Welcome to the New Age Nail Art: Electrify a tired tribal mani with fluorescent fingertips. We’re using this pic as Pinspiration and a tribal tutorial (we like this one!) to get us going. (via Pinterest)
11. Your Kiss Takes Me to Paradise, Too: “Blurred Lines” isn’t the only record of the year that makes us think of being naked. Nude lips will let silver shadow shine and still look sweet. (via The Beauty Department)
12. Hair Braid Halo: You can see our halo (halo, halo) any day of the week, Bruno. Your favorite angelic ‘do will capture the spirit of his song, but we’re especially smitten with this pretty look. (via Hair Romance)
13. Everybody Get Up Brow: We do hate blurred lines when it comes to brows, Robin Thicke. Our makeup maven crush Michelle shows us how to pencil in a strong pair a la model Cara Delevingne. (via Michelle Phan)
15. Far From Plastic Pony Plait + Gold Scrunchie ($6): When pretty much all you’re wearing is your bday suit, your hair has to look killer. Get the high ponytail rope braid straight from the video topped off with gold lamé. (via Allure)
Who do you think is taking home Record of the Year Sunday? Has music ever inspired your makeup or hair? Share below!
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