These Are the Most Out-of-This-World Looks from the 2016 AMAs
As the last music awards show of the year, we’ve got some pretty high hopes for the AMAs tonight ― it certainly doesn’t hurt that the performers are top notch (we are SO here for anything from Lady Gaga’s “Joanne”) and Gigi Hadid and SNL’s Jay Pharoah are hosting — we have a feeling our girl’s gonna’ kill it.
1. Gigi Hadid: Host Gigi Hadid ditched the glitz and sequins many chose to don for tonight’s red carpet, opting instead for an off-the-shoulder, sheer-to-there lace Cavalli gown. Bonus? It could totally double as a doily instead when she’s done with it!
2. Keke Palmer:Scream Queen Keke gave us some serious sass in shades and a pink furry overcoat atop little else ― her two-piece chainmail Natalia Fedner ensemble appeared to be hanging by little more than a few threads. Fingers crossed that they hold throughout the show!
3. Laura Murano: Actress/singer Laura Murano gave Keke a run for her money, bringing some serious HEAT in what appears to be a suede getup featuring cut-outs, fringe and thigh-high boots.
4. Tinashe: Tinashe (AKA Britney Spears’s new video partner) threw us all for a loop in this sheer gauzy polka dot Michael Costello number with off-the-shoulder sleeves and a whole lotta’ flounce.
5. Noah Cyrus: Miley’s little sis Noah (who’s been totally twinning with her big sis as of late) also went the sheer route, albeit a far less salacious one than some of her peers — hmmm, maybe she IS different from Miley!
6. James Bey: James singlehandedly proved that red carpet fashion isn’t just for the ladies. In skinny jeans (are those velvet?), a fashionable fedora with flowing locks and a printed silver and black jacket, he was every bit as stylish as his female counterparts.
7. Lauren Elizabeth: Youtube star Lauren Elizabeth was among the classiest of the bunch, channeling old Hollywood glamour in a pastel pink slinky satin gown with a jeweled collar.
8. Lauren Giraldo: The OTHER Lauren on Youtube, Lauren Giraldo, looked like a Vegas showgirl in this glitzy bodysuit with its ballet pink train.
9. Danica McKellar: The Wonder Years star looked absolutely adorable in this lace romper with a perky updo, but it was a bit too laid-back for our liking.
10. Milla Jovavich: Milla showed the younger starlets how the red carpet’s done, rocking the sheer trend while keeping it 100 in this showstopping black Elie Saab frock with star embellishments.
11. Idina Menzel: The recently engaged Idina could’ve sung for The Little Mermaid instead of Frozen in this sheer embellished Thai Nguyen Atelier overlay with a mermaid-tail.
12. Bebe Rexha: Bebe got a little wild in a plunging animal print gown, thigh-high boots and a cut-to-there slit. Me-ow!
13. Bella + Dani Thorne: Bella and Dani showed off their matching rock ‘n’ roll ‘dos on the red carpet, with an androgynous dynamic going on to boot: Dani is dainty and feminine in a slinky silver gown while Bella takes the masculine role on with verve, forgoing a top for some added sass.
14. Kat Graham: Is Kat headed to an awards show or the beach in this sheer black fishnet Labourjoisie number? Given the heels, we’ll go with choice A, though it’s still a tough call.
15. Selena Gomez: The “Kill ‘Em With Kindess” singer debuted a far more mature look than we’re used to seeing from her, with a simple pulled-back pony and a plain fit-to-flare red Prada gown.
16. Rebecca Romijn: Rebecca got in on the sheer front on top, but kept it pure elegance on bottom with a navy taffeta tulle skirt.
17. Heidi Klum: It hasn’t been a great year for Heidi Klum re: fashion. First she totally let us down with her Halloween look, then she showed up tonight wearing… this. The metallic sequined pantsuit was bad enough, but the clown-esque bow-tie really put it over the edge. Our eyes!
18. Hailee Steinfeld: Hailee Steinfeld, on the other hand, NAILED the red carpet in a drapey belted Elie Saab romper with star embellishments and metallic threads. Hands down, our favorite look of the night.
19. Ariana Grande: Performer Ariana Grande donned a variation of her signature look, AKA her high pony, lace-scalloped bra and wide-leg pants by Alexander McQueen.
20. Chrissy Teigen: Girl, we love you, but there IS such a thing as too much of a good thing. Yikes!
21. Teyana Taylor: Teyana Taylor’s breathtaking red carpet look is a total 180 from the minimal Flashdance threads she mesmerized the world in in Kanye West’s “Fade” video: In fact, if we didn’t love Hailee’s outfit so much, this might have been a contender for the number one spot.
Who do you think rocked the red carpet the hardest? Tell us over @BritandCo.
(Photo via Frederick M. Brown/Getty)
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