10 New Beauty Products to Try This Month
Oh heyyy, fall! Glad you’re here, because you mean the welcomed onset of plum lipsticks, matte makeup and PSLs — what could be better? 10 newly launched fall beauty products, THAT’S what. Lip colors are having a major moment right now, but we’re not complaining. There are a bunch of new products out that promise to make your pout irresistible, an *oil* based sunscreen and even a product from a brand spankin’ new makeup line we are already obsessed with. In conclusion, October will be a great month in beauty. Let’s get started:
1. Maybelline Lip Studio Color Blur ($9): This “unique cream matte pencil with vivid color and blurring smudger” lets you DIY your ideal lip shade. The dual-ended product features a pencil-like tip on one side and a blurring smudger on the other so you can adjust the color. This is def a super easy way to get the ombre lip you’ve been wanting to try.
2. CoverGirl Intensify Me! Liquid Liner ($8): An innovation in eyeliner, this liquid-pencil (whaaaat?!) has a paddle-shaped tip that actually allows you to flip it on its side so you can get a thinner line if you don’t want something thick and intense. Cool, right?
3. Olivine Gigi Perfume Oil ($48): This sweet but sexy scent has been reinvented (and re-released) with a slight change to its formula. So, basically, this means that a best-selling perfume just got BETTER. It’s also in a super chic bottle, which would look great on anyone’s vanity.
4. Bobbi Brown Intensive Skin Serum Corrector ($40): A concealer that does more than just covering up dark circles is truly something we can get behind. This new concealer from Bobbi Brown *treats* your undereye circleswhile making it look like you don’t have any to begin with. Win-win.
5. Wet n Wild Max Volume Plus Mascara ($5): Who wouldn’t want their lashes to have 10x the volume of their natural fringe? Still waiting on who that person is. This mascara promises to seriously plump them up and has nourishing ingredients like macadamia nut, jojoba and olive oil so your lashes stay soft and strengthened.
6. Supergoop! Sun Defying Oil ($12 – $34): Ummm, this is a sunscreen OIL. So cool, right? It packs a non-greasy formula that’s super moisturizing while also lessening the signs of UV damage. Love love love.
7. Dior Addict Lipstick ($35): If you’re looking for a shiny, hydrating lipstick, this is it! This new product from Dior features a hydra-gel core (beauty talk for being super hydrating and smooth) so your lips always look their best. A “completely transparent reflective film” is left behind on the lips.
8. Anastasia Beverly Hills Illuminators ($28): They’re heeeere! People (like me, hi) have been anxiously awaiting the launch of ABH’s first illuminators. They look seriously gorgeous. The compacts have “a mosaic of brightening powders” that give you that candlelit glow we’re all after. You know they’re good when they only let you buy three at a time!
9. Bumble and bumble Pret-a-Powder ($27): If you’re in need of a three-in-one product that will abosorb oil like a dry shampoo, extend your style and add volume, this is it. You also don’t have to worry about white residue being left behind, because this stuff is totally invisible on the hair. Add this to your hair product arsenal if you want to have a quick pick-me-up on hand at home or in the office.
10. ABLE Costmetics Cat Eye 101 ($48): This genius product is a fool-proof way to achieve the perfect cat eye thanks to its smart design. The tip of the liquid liner is a slanted guide that will ensure you have a balanced and sharp cat eye.
What new beauty products have you tried this month? Share your faves in the comment section 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