
Strong black coffee, Tylenol, and copious cups of water are common hangover cures, while others prefer the hair of the dog. But for many, greasy grub and alcohol-absorbing carbs are the key to sober up. For those in that camp, we’ve compiled a list of tasty hangover recipes for all those that partied their tails off this holiday season.
1. Monterey Jack Quesadillas: There is a reason why taquerias are packed post partying! This feel-good treat will have you napping in no time and it’s delicioso. (via Pop Sugar Food)
2. Eggs with Fresh Tomato Salsa: An egg dish with veggies is a hearty and delicious way to kick any hangover to the curb. It will satisfy any appetite and it’s also a healthy alternative. (via Living Tastefully)
3. Traditional Beef Pho: A hot pot of soup is another surefire way to feel better in the morning. Top it off with lots of proteins, veggies, and noodles and you’ll be feeling brand new in no time. (via Serious Eats)
4. Caramel Apple Sticky Buns: Probably the best treat to wake up to after a night of fun and endless libations. The sugar, butter, and nuts combo is divine and most likely a recipe for success. (via The Pioneer Woman)
5. Whipped Ricotta Pancakes with Chocolate and Lemon Glaze: Pretty much anyone with a sweet tooth can attest that pancakes are not only perfect after good times, they are also scrumptious and likely to satisfy that carbo-loading sugar crave. (via How Sweet it Is)
6. Salmon and Bagel Egg Benedict: Feeling both light and decadent at the same time? This is fresh take on the classic benedict has all the perfect ingredients to make that hangover a thing of the past. Plus, it’s filled with omega3, good fats and proteins. Perhaps it might inspire you to go out for a walk! (via Foodie Crush)
7. Falafel Burger: This is delicious and despite being deep fried, it’s rather light and super easy to make. Add some hummus, tabouli, and olives and enjoy an authentic Mediterranean meal. (via NoshOnIt)
8. Copy Cat Big Macs: Imagine recreating this iconic burger — well now is your chance to enjoy them without dealing with all the fast-food hassles. Plus, you can eat as many as your heart desires. (via Bakeaholic Mamma)
9. Fried Chicken: Nothing cures a hangover better than finger-licking good chicken. It’s filling, delicious and, with the right sides, it will leave you stuffed and ready for some rest and relaxation. It’s best enjoyed with mashed potatoes and veggies, as it will warm up any tummy. (via i am a food blog)
10. Chocolate Cake: Very few things in life are better than a decadent piece of chocolate cake. Hangovers are the perfect opportunity to indulge and anything sweet is usually very soothing. (via the pretty blog)
11. Bloody Mary: No hangover list is ever complete without this concoction of tomato juice, vodka, Worcestershire sauce, and Tabasco. There is something on the way all of these ingredients mix that brings magic to the tummy. For 10 more delicious mary mixes, head to this article. Just make sure not to overdo it! (via CHOW)
12. BLT: It doesn’t get simpler than this and bacon STILL rules the greasy food roost. What’s even better? It doesn’t require a lot of cooking expertise or prepping, so it can be ready in a matter of minutes. (via A Cozy Kitchen)
There you go! These dishes are the perfect prescription to cure those post New Year’s Eve blues. What are some of your cures after a boozy night?
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:
You X Ventures for Unsplash
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.
Kobu Agency for Unsplash
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