Channel Your Inner Ariel at These Underwater Hotels
While our favorite Disney mermaid couldn’t wait to “be where the people are,” WE can’t stop fantasizing about the idea of a real-life undersea slumber party. Good news: It is possible to spend a night with the fishiessans snorkel. From your own fully staffed submarine to a tri-level floating suite in the Indian Ocean, there’s no shortage of amazing underwater resorts out there. Here are some of our favorite spots for where to stay submerged in style.
1. The Manta Resort, Pemba, Zanzibar: This floating, tri-level suite is an ocean lover’s dream come true. Spend the day lounging on the surface-level sundeck or pop down below to the bedroom, a glass box four meters below the ocean’s surface. And there’s no need to hang a Do Not Disturb sign since visitors can only access the resort via a private wooden boat.
2. Lovers Deep, Caribbean: This luxury submarine blows the typical dinner and movie date night out of the water. You control the location (chose from any of the Caribbean islands), and the Lovers Deep team will take care of the rest. Romantic extras include scattered rose petals, an aphrodisiac-infused menu and a soundtrack curated for underwater lovin’. But submarine slumber parties don’t come cheap — one night will cost you almost $300K.
3. Conrad Maldives Rangali Island, Rangali Island, Maldives: Extraordinary is an understatement when it comes to these chic underwater accommodations. This luxe property features private plunge pools, luxe villas and award-winning spas. Dream about dining in the company of sea creatures? Don’t miss your opportunity at the resort’s famed Ithaa Restaurant, where you’ll also find floor-to-ceiling ocean views and the world’s first underwater wine cellar.
4. Atlantis, The Palm, Dubai: If you thought bubble baths were exciting, wait until you check into this luxury underwater resort. The three-story suites have tubs surrounded by floor-to-ceiling windows. When’s the last time you were able to spy on more than 50,000 different species of sea creatures while you were soaking? And the luxury touches don’t stop there. All of the bathroom’s amenities are made with *real* gold.
5. Huvafen Fushi, North Malé Atoll, Maldives: While the rooms at this resort are above water, the property’s spa, LIME, is completely submerged. This might be the only time during a massage when you *won’t* want to doze off into deep relaxation. The geniuses at LIME strategically placed mirrors just above the spa bed’s face so you can easily scope sea life as you’re being pampered. The special treatment beds lined with water mattresses help to set the mood.
6. Jules’ Undersea Lodge, Key Largo, Florida: Adventure lovers, take note: The only way to reach this hotel is by scuba diving 21 feet down. Formerly the La Chalupa Research Laboratory, this wacky resort is the most modest of the group by far. Guests share bathrooms and the use of the hotel’s common area, which features an entertainment center and a kitchenette. We suggest booking the JUL for Two package ($800) to experience the property’s world famous underwater pizza delivery (yes, you read that correctly).
7. Poseidon Undersea Resort, Fiji: Billed as the world’s first seafloor resort, this yet-to-open five-star property has everything from a super swanky restaurant to a library to an underwater wedding chapel. The opening date is still TBD, and you better start saving your sand dollars now because reservations at this high-end resort were priced at a weekly rate of $30,000 per couple.
Would you spend the night underwater? Let us know in the comments below!
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