The 4 Unforgettable Moments All Fans of The Hills Will Never Get Over
When The Hills premiered on MTV in 2006, reality TV was still finding its footing. The sort of real life-meets-scripted that’s now de rigeur was novel enough at the time that fans were often frustrated by producers’ insistence the show was entirely real, and the series ending, with the background revealed to be a studio set, was extremely polarizing. This week, series star and girlboss extraordinaire Lauren Conrad took us on a trip down memory lane during MTV’s The Hills 10th anniversary special.
1. The Paris trip
Who didn’t cringe when Lauren chose love — or what she thought was love — over the chance to work for Teen Vogue in Paris for the summer?! Oof. No cute boyfriend and Malibu summer house are worth that. You could totally see the disappointment on editor Lisa Love’s face, even after the summer ended. “Did that work out for you?” Lisa asked at the beginning of season two. Way to twist the knife, Lisa.
2. “You have chosen.”
Of all the petty ways to shut a person down, telling them something like “you don’t have to choose between me and your new boyfriend I hate… but you have” has got to be in the top five. I’m not making you choose him over me, but you’re doing it anyway! Lauren is, of course, usually the hero of The Hills, but this was cold.
3. “You know what you did!”
One of the revelations to come out of last week’s The Hills 10th anniversary special was the fact that producers essentially set up the confrontation between Heidi and Lauren at Les Deux in the third season premiere. With Lauren believing Heidi and Hills uber-villain Spencer Pratt started a rumor about her and ex-boyfriend Jason, she (understandably!) didn’t want to be around the pair. But producers knew the meetup would lead to the fireworks viewers wanted, so they had all three show up at a party, leading to Lauren uttering the instantly infamous accusation.
4. “I want to forgive you… and I want to forget you.”
By the end of season 3, Heidi had been living with Spencer for a while and was starting to chafe at the insular world the two of them had created. She decided to try reaching out to both Lauren and Audrina, leading to the conversation in the apartment Lauren had once shared with Heidi, in which Lauren made it perfectly clear that while she was no longer angry, she had no love left in her heart for her former bestie.
What was your favorite moment from The Hills? Let us know on Twitter @BritandCo!
(Photos via Vince Bucci, Charley Gallay, Mark Mainz +Dave Kotinsky / 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