Every Home Decor Product to Buy This October
There's something so thrilling about the start of a new season. (And, of course, all the new buys that come with it!) As we move full steam ahead into the colder months, coveted home retailers are helping you gear up for October 2018 with their fresh, fabulous launches. Keep scrolling to get the full preview from old faves like Anthro and Target's Magnolia line mixed with newbies like NOOM and Threaded.
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(Illustrations via San Trieu)
Anthropologie Fall 2018 Collection ($5+): Here's the list of things we wait for all year: vacations, holidays, and Anthropologie launches. Luckily, the retailer's fall 2018 lineup is as good as ever with eclectic furnishings, moody prints, and adorable knick-knacks and trinkets galore.
Living Spaces Nate Berkus x Jeremiah Brent Collection ($750): We're loving Nate Berkus' seasonally appropriate collab with hubby Jeremiah Brent and retailer Living Spaces. I mean, velvet armchairs, stylish settees, and plushy sofas? It doesn't get more cozy than that!
The Bouqs Co Quinn Mini Succulents ($66): PSA: Now it's easier than ever to get your plant fix. The Bouqs Co just debuted their first greenery collection that includes tons of buds you'll love. Picture gardenias, succulents, cacti, and more delivered straight to your door for only $9.
Society6 Furniture Collection ($159): If you have a thing for colorful pieces, you're going to want to check out Society6's first-ever furniture collection, which includes six staples — from credenzas to coffee tables — covered in *all* the prints.
H&M Looking for Shapes Collection ($6+): Our go-to for trendy, affordable goodies' fall line includes tons of affordable pillows, accents, and bedding essentials in gorgeous seasonal hues and textures.
Keurig Special Edition K-Café Single Serve Coffee Maker ($200): Cold weather = coffee season. We love the idea of using this all-in-one, single serve brewer to make creamy, frothy cappuccinos and lattes for those days when getting out of bed is the last thing we want to do.
IKEA SJÄLVSTÄNDIG Collection (price TBD): Hackers, get excited. On October 1, IKEA will be launching their limited-edition collection that's full of colorful customizable, pieces. From floor pillows to rug tiles, their items are designed to be assembled together in a whole variety of ways.
NOOM Suprematic Lamp Three ($537): The Ukrainian design studio created a funky geometric line of lights and vases to honor the founder of the Suprematism art movement, Kazimir Malevich.
CB2 x Goop Collection ($10+): Gwyneth Paltrow’s lifestyle line teamed up with CB2 in the dreamiest decor and furniture collab yet. Shop lots of laid-back items to tide you through those autumn days — like swinging chairs, fleece-lined seats, and couches you'll want to spend hours (scary) movie marathoning in.
Hearth & Hand with Magnolia Collection ($5+): It's no secret we're BIG fans of Chip and Joanna Gaines over here. So the announcement that they just added over 70 products to their Fall 2018 Hearth & Hand With Magnolia Target line is sending us into full shopping overdrive.
Beeline Designs Ridge Coffee Table ($1,431+): The Melbourne-based furniture company has a knack for creating sustainably sourced products. And their latest line, deemed the Ridge Collection, maintains this commitment for good. With it, all the products are fashioned from corrugated metal in a selection that looks anything but secondhand.
Harry Potter x Pottery Barn Collection ($10+): Harry Potter fans will *swoon* over Pottery Barn's latest of not one, but THREE wizard decor lines. The brand's namesake trio (Pottery Barn, PBteen, and Pottery Barn Kids) feature lots of products to gear you up for back-to-school in an expansive selection that's truly magical.
RH Teen Fall 2018 Collection ($34+): Celebrate global style and design from the brand that prides itself on quality and versatile pieces. If this bed is any indication of how stunning the products are, you're going to be head-over-heels in love with the rest of the items they have in-store.
Eskayel Tamandot Flatweave Rug ($3,840): The New York-based textile company's latest features all the abstract and bold patterns synonymous with the trendy Moroccan style in an upbeat palette.
THREADED Honeycomb Melange Duvet ($249): The ethically made products, including this duvet, are handmade from quality materials to ensure a truly comfortable snooze.
Draper James x Crate and Barrel ($15+): Southern charm meets style and dependability in this fresh tabletop duo spearheaded by Reese Witherspoon's catchy line. Each item is adorably covered in a themed blue and white print to add instant cheer, regardless of the time of year.
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