Hands Down the Simplest Way to Wrap a Bouquet
April showers bring May flowers, as the saying goes. Thankfully, May is finally here and flowers everywhere are in full bloom. There are loads of exquisite blossoms to choose from and the smell is to die for. Today we’re making four colorful arrangements wrapped with color-corresponding VELCRO® Brand ONE-WRAP® Straps. These color-coordinated bouquets would be great for bridesmaids, for a Mother’s Day brunch or just for adding some natural color into your home.
<br/>– various flowers
– VELCRO® Brand ONE-WRAP® Straps BRIGHTS
– floral shears
1. Choose flowers for your arrangement.
2. Cut and process the flowers by trimming the stems at an angle and pulling off the leaves.
3. Arrange the flowers into small bouquets.
4. Wrap the stems with VELCRO® Brand ONE-WRAP® Straps in colors that coordinate with your flowers.
5. Trim the ends so that they are the same length.
First things first, you’ll need to buy flowers. If there is a flower market near you, we recommend going there to pick out your blooms. They have a huge variety and it’s more cost effective than getting them at a grocery store or a flower shop. When picking your flowers, it’s always a good idea to get a focal flower, a secondary flower and filler flowers for your arrangement. The focal flower should be a blossom that is larger than the others, one that really captures the eye. Peonies, dahlias or roses are a great option. The secondary flowers will be smaller than the focal flower and the filler will add texture and fill in the spaces.
We’re making four arrangements today. We’ve got some delicate pink flowers, some gorgeous purple blooms, some natural blue buds and some green goodies.
Once you get your flowers home you need to process them. This means that you need to cut the stems at an angle (so that they can guzzle water) and pull off the leaves. If it makes sense in your arrangement, you can leave a few leaves near the flower. Put them back in water as soon as you can.
Now for the fun part — arrangement time. Carefully select the flowers you want to use in your bouquet. Create the bouquet in one hand so that you can see what the flowers will look like together. It’s best to bunch a few of the same type of flower in your arrangement so that the bouquet doesn’t look spotted, so if you are using roses, put two or three of them right next to each other. Once your bouquet is finished, take a VELCRO® Brand ONE-WRAP® Strap and bind it tightly around the stems. If your flowers are heavy, you can add a second strap for more stability. Make sure to put the strap close to the base of the flowers so they won’t splay. Trim the stems the same length and that’s it!
How pretty is that?
We did the same with our green flowers.
And blue bloomin’ beauties!
These flowers just scream spring. They’d be great for Mother’s Day, a Bridal Shower, bridesmaids or simply to brighten up your dining room table.
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