Starbucks Just Released Their Holiday Drinks in New Cups and They’re… Green?
When it’s time to welcome the cooler weather and prepare to say goodbye to our daily PSL (as well as this secret Halloween drink that you HAVE to try ASAP), we look forward to the appearance of Starbucks’ iconic red holiday cups to hold our candy cane-flavored drinks. After causing a stir last year with a minimalist design that irked traditionalists and those looking for an abundance of seasonal imagery, you’d think that Starbucks might play it safe this year. But nope. Instead, they’ve taken things even further by releasing new cups at the SAME TIME as their holiday drinks that are… wait for it… GREEN?
After all the outrage they faced over their solid red cups last year, Starbucks decided to throw fans for a loop yet again with a limited-edition green cup that’s been released today, Nov. 1, along with all of the holiday season’s delicious drinks. The entire cup — which Starbucks has not said is meant to replace the chain’s “official” red holiday cup, by the way — is covered in a single line which connects figures of a farmer, a family, friends embracing and a barista (natch). The creation was by Seattle-based graphic artist Shogo Ota. “The green cup and the design represent the connections Starbucks has as a community with its partners (employees) and customers, humanity, connection and the desire to bring people together as a united community,” says Starbucks’ chairman and CEO Howard Schultz, “During a divisive time in our country, Starbucks wanted to create a symbol of unity as a reminder of our shared values, and the need to be good to each other.”
Last year, the coffee company faced backlash over their a solid red holiday cup design that lacked typical seasonal images. Folks accused the company of killing the holiday spirit. This year, Starbucks seemed to have taken that criticism with a grain of salt. This new cup is less “festive” by traditional definition, but we think the message is just as beautiful — and it’s a great lead-up to whatever official holiday cup Starbucks winds up unveiling. We’ll know for sure if this is a holiday hit or festive #fail soon enough, as customers will be able to get their hands on this year’s green cups starting today, November 1.
What do you think about the new cups this year? Tweet us @BritandCo!
(Photos via Starbucks, Getty)
Editor’s note: An earlier version of this post mistakenly stated that the green cups were Starbucks’ official holiday cups for 2016. Brit + Co regrets the error!
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