The Cast of Laguna Beach Had a Mini Wedding Reunion + the Pics Are Epic
We’ve been spoiled with plenty of updates from our Laguna Beach bbs over the years, most recently with news of Lauren Conrad’s surprising hobby and Lo Bosworth’s unexpected new hair color. However, the latest story from the Laguna Beach camp might just top them all — LC’s boy BFF, Dieter Schmitz, is married!
Dieter and fiancée Isabell Hiebl tied the knot last night in a beautiful outdoor ceremony at the InterContinental — The Clement Monterey hotel in California. Dieter’s former reality show costars Stephen Colletti, Trey Phillips and Loren Polster were all on hand for the affair as groomsmen, and so too, was Lauren. While we’re totally bummed this wasn’t an MTV special, we found plenty of snaps of the sweet ceremony thanks to Instagram: Check out a few of the highlights below!
1. California-Bound: Bride-to-be Isabell didn’t post any snaps during her big day, but she did update friends and family prior to her journey to the altar, sharing this cute selfie of her and hubby Dieter waiting to board a flight to sunny California. “Wedding time! So long New York #dizzy4schmitz,” she wrote.
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2. The Calm Before the Storm: Before walking down the aisle, Dieter got things rolling with this adorbs photo of himself and his groomsmen, captioned, “Chalk that up to the most appreciative husband ever…..” He also included a sneak peek at all the chairs waiting to be filled, with guests being treated to a beautiful ceremony and a stunning waterfront view.
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3. Looking Dapper: Former Laguna castmate Trey Phillips checked in right before the big ceremony as the groomsmen got dressed and enjoyed some bubbly. “Happy Day!!!! Here we go,” he wrote alongside this snap of the Laguna Beach squad looking dapper, including Stephen and Loren.
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4. The First Kiss: Friend Jonathon Bernard showed off some seriously impressive photog skills when he captured this perfectly timed pic of the happy couple’s first kiss. Aww!
5. Besties 4Ever: Lauren tested out her new Instagram Story feature post-ceremony, sharing this funny pic with her followers. Cozying up to the newlywed, she pulls a seriously silly, seriously excited face while looking too glam in a sleek blush dress.
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6. An Intimate Moment: Stephen Colletti sure knows how to please his Instagram followers and Laguna Beach superfans: Just take a look at this touching image he shared of the happy couple sharing an intimate kiss on a balcony overlooking the water! “Big day today. 8/27/16,” he wrote.
7. Love Is in the Air: Wrapping up a magical night in California, Dieter took to Instagram this morning, writing: “Still pinching myself to make sure this is reality. What an amazing night. @isathebell Schmitz I love you!”
The couple is now off on the honeymoon of a lifetime, with plans to visit Bali, Australia and Hong Kong. Wow! Congrats, you two!
Who’s your fave Laguna Beach star? Tweet us @BritandCo.
(h/t E!, photos via MTV/Laguna Beach)
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