Anthony Weiner’s Latest Scandal Has Resulted in His Wife Getting Mom-Shamed
Kanye’s epic VMA rant wasn’t the only drama-worthy story that took place last night. On Sunday eve, news broke that politician Anthony Weiner was involved in yet another sexting scandal. Back in 2011, Weiner was busted for sending a lewd photo to a woman (who was not his wife) after he accidentally posted the pic to his public Twitter account. Whoopsie. But it looks Weiner just couldn’t stay away from the allure of the sexy selfie. Last night, the New York Post outed Weiner for another sexting scandal after the woman involved offered to share her messages and photos with Weiner in exchange for anonymity.
The texts and photos sent between Weiner and the woman are primarily all sexually suggestive. Which makes one photo of him and his son particularly inappropriate. In the photo, Weiner is in his underwear with his five-year-old son, Jordan asleep beside him.
Shortly after these findings were revealed, Wiener’s wife Huma Abedin, who stuck by him after the 2011 scandal and through his resignation from Congress, announced the couple will be separating. She released a statement that read, “After long and painful consideration and work on my marriage, I have made the decision to separate from my husband. Anthony and I remain devoted to doing what is best for our son, who is the light of our life. During this difficult time, I ask for respect for our privacy.”
Since Weiner’s resignation, he has focused on being a full-time dad. Abedin is one of Hillary Clinton’s top aides and has been right alongside her throughout her current presidential campaign. But her dedication to her work is somehow coming back to haunt her amidst the release of these new photos.
In an article on the scandal, the Washington Post writes, “Weiner isn’t just facing questions about his political career. He’s facing questions about his parenting skills. And for the third time, his questionable decisions are ensnaring his wife, one of Hillary Clinton’s top aides, by raising questions about her decision to leave their son in a potentially dangerous situation.”
Are we now really accusing Abedin of child endangerment by having a career? The photo Weiner sent was inappropriate and frankly inexcusable. But is shaming Abedin for being a working mom the issue to narrow in on from this situation? We’ll go ahead and let you think that one over.
Let us know what you think is the main issue in this situation by tweeting us @BritandCo.
(Photo via Larry Busacca/Alo Ceballos/Getty)
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