10 #SiblingTattoos That Will Melt Your Heart
While you have your parents or parental figures to thank for a lot of your upbringing, if you had a sibling growing up, you’d know that your bros and sisses play a huge hand in how you turn out too. I mean, who would the Kardashian-Jenners be if there was only one of ’em? It’s nice to acknowledge the beauty of the family bond, and recently there’s been an uptick in one particular Instagram trend that does just that. People have been sharing photos of their matching (or complementary) ink and tagging them #siblingtattoos and #siblingtats. There are around 4,000 tags on Instagram so far, but here are a few of our favorites that NEED to be shared.
1.@lauramcoulton: The caption on this sweet sister tattoo moment will just give you all the feels: “You be the sun, I’ll be the moon, just let your light come shining through, and when night comes, just like the moon, I’ll shine the light right back at you.” Now go hug your sister, because this might be one of the most beautiful captions on Insta ever.
2. @addiecc: This design just oozes Pacific Northwest cool, and we love how it’s gender neutral to boot so she can share it with her brother. In case you’re wondering, it’s the likeness of Mount Rainier in Washington state that is front and center on their forearms.
3. @nettaritari: The tattoos of this Finnish family will make you wish you had even more siblings, so you could get something graphically genius. Again, this is a great option for those who have both brothers and sisters, and you could get really creative with a font that means something specifically to your family.
4. @clairerenouf: There are so many cool things going on with this tat. The siblings are both Pisces, hence the symbol. It’s also really rad how they took their birth years and put them into Roman numerals. Now that’s sibling bonding through and through.
5. @courtneyholberg: This sweet pic between these sisters is made only sweeter by the caption, in which they say that they’re ready to brand their little brother, too! It’s really awesome how they took the same symbol and put them on different parts of their bodies; they’re of the same blood, but are recognizing their individuality too.
6. @lilyhholt: This adorable pic is captioned: “I’ve got your back, and you’ve (literally) got mine.” Putting a single initial like this on a body part is a really clever way to honor your sibling simply and graphically.
7. @martha_pranckuviene: Tattoo artist Martha Pranckuviene was so proud of this ink that she posted it on Instagram, and it’s of matching tattoos for six sisters! You can really feel the love in this pic.
8. @sierreangelwilson: Tiny tattoos, check. Tiny elephants, check. Tiny hearts, check. This series of three might be some of the cutest darn things you could ever imagine showing up on someone’s body.
9. @ashhyee: Could there possibly be any better way to bond together four siblings than with a Teenage Mutant Ninja Turtles-themed tattoo series? Think not. The caption reads, “You know I got your back like a turtle shell.” Their tat artist, @kosta_laught, has a ton of other cool ink on his ‘gram, too.
10. @zoeshalom: Okay, this one is particularly meaningful because these siblings’ last name is Woods! Genius. It’s awesome how they create a forest all together; individual trees come together as a “woods.”
Tag us in your own #siblingtattoos on Instagram @BritandCo with #iamcreative!
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