We could tell you all about how each of these rugs will take you on a magic carpet ride. Or we could tell you about how they’ll definitely make you want to put on the latest Girl Talk album and cut a rug. Or we can just let all these gorgeous colors, patterns, and textures do the talking. Here are 25 beautiful rugs, perfect for perking up your space.
1. Blue Scalloped Rug ($20-$100): The scalloped pattern in this rug makes us think of summer, the beach, and Sally selling seashells by the seashore.
2. Istanbul Rug ($149-$999): We’re pretty into this whole scene! Old school jams, rustic floorboards, and a beautiful minimal rug.
3. Geo-Diamond Rug ($99): If a firework were to reincarnate in rug form, we think it would look like this.
Fairisle Rug
Rose Cloud, Mineral/Gray, Peacock Orange, and Natural/Brown, these hand-loomed wool rugs are inspired by a classic Fairisle sweater design
5. Rainbow Zig Zag Rug ($24): Love this boho chic bit of floor beauty.
6. Loom Insitu Collection: A shop in Australia, Loom creates incredibly unique, colorful, beautiful rugs for the home. Might need to plan a field trip!
7. Shag Rug ($29-$89): Any way you want it, shag’s the way you need it! And yes, we just referenced Journey.
8. Flutter Pattern Rug ($78-$1,298): This lovely one makes us think of looking through a kaleidoscope… and we like it.
9. Kabuki Cotton Printed Dhurri ($39-$99): This almost looks like denim – love all the different patterns at play in a somewhat muted palette.
10. Runners by Claudia Mills ($780 and up): How amazing and springy are these runners? Swoon.
11. Ewe Block Rug ($89): We love the sort of 8-bit digital quality this rug’s rocking.
12. Chevron Wool Rug ($149-$999): Chevron! Really in love with Alyson Fox’s textiles.
13. Digit Collection (contact to order): Pixelated rug? Yes, please.
14. Losanges Rug ($4,741): At over $4,000, this is definitely an investment piece and an incredibly beautiful one.
15. Half Dot Rug ($44): Feeling a little indecisive on the age old polka dots versus florals quandary? ;)
16. Cutouts Wool Rug ($129-$799): This modern is like a 60s take on a more muted, minimal palette.
17. Queen of England Stamp Rug (contact to order): Wait, what? Yeah. This is a real carpet you can buy.
18. Minar Rug ($698): On the left we have the Minar rug, richly hued and hand loomed.
19. Tufted Chimbor Rug ($448-$698): And on the right, we’ve got texture, texture, and more texture!
20. Rainbow Rug ($180): Speaking of texture, this rug was made with a ton, and I mean a TON, of wool balls.
21. Stencil Wool Rug ($90-$650): Another one designed by Alyson Fox, we love the offbeat look of this stencil design.
22. Felt Dot Carpets ($1,600): More felt balls! Stitched by hand, each of these rugs was made with over 1,000 felted wool spheres.
23. Kiara Rug ($78-$1,298): Tribal-inspired textiles are all over the place at the moment, and your floor should be no exception.
Kipp Rug in Yellow
Persimmon ($199-$799): This reminds us of the types of patterns you might make with tangrams. Love it!
25. Sonya Winner Rugs ($945 and up): Giant piles of colorful shapes? Why yes, that is right up our alley. Bookmarking this for Brit HQ.
Bonus! Anthropocene: These works of art were created by David Thomas Smith based on Google Maps. He reworks each map into a piece inspired by traditional Persian carpet patterns. Pretty amazing.
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:
You X Ventures for Unsplash
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.
Kobu Agency for Unsplash
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
The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regards to your individual situation. Comments concerning the past performance are not intended to be forward looking and should not be viewed as an indication of future results. Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. O'Keeffe Financial Partners and any other entity listed herein is not affiliated with Kestra IS or Kestra AS Investor Disclosures: https://bit.ly/KF-Disclosures