Made Us Look: This LEGO Food Looks Good Enough to Eat
We’re all grown adults here, so let’s just put the truth out on the table. We still love LEGOs. But since we’re grown-ups living in small apartments, we don’t have the space to actually own LEGOs. Thankfully, Pley exists to rent us our dream sets. And their community of contributors at Pleyworld are stretching the limits of what LEGOs can create. In particular, we’re digging what the Pleyworld foodies are creating. (As you scroll through these photos, just keep reminding yourself that LEGO bricks will crack your teeth. [But edible LEGOs do, in fact, exist.])
We never considered the idea before, but now we can’t stop imaging how great life would be if hand-sized M&M’s existed. Can we get Hershey on this?
Pleyworld asks its community of LEGO enthusiasts to share their best designs. The community votes, and the designs that get 5,000 votes will be made into a LEGO set, which can then can be rented. Start voting now, so we can make some LEGO watermelon slices this summer.
Whether you call it a hoagie or a sub, you can’t deny the appeal of a footlong sandwich. Ugh, are we the only ones getting super hungry over here?
Now that we think of it, we could really go for some sushi. That little LEGO dollop of wasabi is perfect, and we’re pretty sure we would only ever use LEGO chopsticks if we had a pair.
Every night could be taco night when you’ve made them our of LEGOs. The only thing missing is the sour cream.
Okay, so a Kitchen Aid mixer isn’t food. However, our Kitchen Aids are our favorite thing in our kitchens, so we had to include it. Don’t act like it isn’t the first thing that’s going on your wedding registry.
We wouldn’t hate spending an afternoon building some oranges out of LEGO bricks. We’d probably invite over nieces and nephews to play too.
Oh summertime, we’re dreaming of you and the ice cream trucks that come with you. But we gotta say, that ice cream man doesn’t look too friendly. Maybe it’s a Hey Arnold reference…
Instead of buying a box of donuts, spend your morning building a LEGO donut. And then eat a banana. What a way to make your morning more healthy and fun.
If you want more LEGOs in your life, check out these LEGO products, and add a little more play to your world.
If you could make anything out of LEGOs, what would it be? Tell us in the comments! Or submit your design to Pleyworld!
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