20 Ways to Work Leather Into Your Fall Wardrobe
Leather is completely dominating every wardrobe staple imaginable this fall —we’re talking shirts, shorts, and dresses made entirely of leather! But if that trend seems like much too much, we recommend trying these 20 leather-trimmed pieces on for size. Because when leather is used as an accent, it gives garments both a stunning shape and a high-fashion feel in a proportion that’s just right for our style.
2. Faux Leather Trim Boyfriend Shirt ($89): The classic white button down gets an edgy update with thin leather trim. We have to say the result is just as good as the original.
3. Faux Leather Trim Cap Sleeve Top ($50): Delicate draping and faux leather cap sleeves give this cowl neck an ultra modern look. The “night shadow blue” color is nothing less than swoon-worthy.
4. Abbie Quilted Sweatshirt ($150): We love the combo of smooth leather elbow patches with chunky quilted pleating. It’s the perfect mix of hard and soft in our book.
5. Leather Pocket Pullover ($128): This cozy looking cotton shirt is both slouchy and stylish, all thanks to the leather contrast pocket. Get used to seeing lots of army green and leather this season.
1. Faux Leather Trim Tweed Skirt ($79): Leather trim amps up this basic tweed skirt with just the right amount of edge. Pair with a colorful knit for work or a chiffon tank for after-dinner drinks.
2. Emily Solid Pant ($170): These polished trousers boast cool front leather pockets that can either be boldly featured or discretely disguised based what color you choose. Maybe buy one pair in each color, just to be on the safe side ;)
3. Leather Panel Skirt ($198): Skillfully placed leather panels give superb shape to this otherwise ordinary black skirt. We love how it dresses up an open chambray top and grey tee.
4. Vegan Leather Trim Skinny ($98): These skinny jeans borrow a traditional tuxedo detail to achieve a look that’s ultimately more sporty than black-tie appropriate. The black leather racing stripe makes your legs look miles long.
5. Vilipara Skirt ($335): This is a power skirt if we’ve ever seen one! Curvy leather panels add incredible sophistication.
1. Faux Leather Trim Ponte Sheath Dress ($77): A faux leather “belt” wraps around the waist of this dress like a dream, creating a beautiful feminine shape from both the front and back.
2. Shift Dress with Contrast Leather Front ($166): This ain’t your mama’s tweed dress! Tweed and leather meet again, but this time, it’s the leather that’s taking the front seat, and we’re totally on board with that.
3. Faux Leather Trim Sheath Dress ($235): It’s official, this might be the most beautiful leather detailing we’ve laid eyes on this fall. Both the front hourglass shape and fluid back pattern create jaw-dropping silhouettes.
4. Sweater Dress with Leather Look Collar ($65): Stylish collars have been catching our attention lately, so it’s no surprise fell head over heels for this neckline. We don’t ever remember a time when a sweater dress looked this cute!
5. Pencil Dress ($71): This little black dress is seriously smokin’! Ruched hips, a plunge neckline, and a thick leather belt all add extra va-va-voom.
1. Wool-Blend Coat ($290): Bundle up in style with this seriously chic wool coat. Leather trim elegantly wraps around loose cuffs and accentuates the gorgeous structured neckline.
2. Faux Leather Trim Poncho ($88): This leather-trimmed shawl is a perfect fall cover-all. Wherever you’re casting off the chill, never let this cuddly cape leave your side!
3. Leather Look Insert Blazer ($85): Every girl needs a good blazer in her arsenal, and this one definitely fits the bill. Its boyfriend cut is right on trend, just like the leather panel that spans both shoulders.
5. Checked Duffle Coat with Leather Sleeves ($189): A plaid hunter’s jacket gets an urban makeover with long leather sleeves. This versatile piece would look great with pleated khakis or even a pair of…gasp…leather shorts!
Which of these leather detailed pieces work with your style? Tell us in the comments 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