10 Candles to Light Up Your Life + Your House
Winter can be cold and dreary, but the good news is that we get to fill our lives with winter-blues-fighting necessities like candles. Sweet scents and cozy lighting are what make all unique candles awesome, but whether it’s via creative shapes or motivational messages, some really stand out from the pack. Those stand-out-from-the-crowd candles are exactly what we’re sharing today. Read on and add some light to your winter life.
1. Parrot Candle ($17): Bring the tropics to your home with this turquoise-hued, parrot-shaped candle. You’ll basically be able to hear the ocean waves, guaranteed.
2. Note Candle ($24): This candle is perfect for a desk or office because it lets you store notes in a super creative, great-smelling way. If you’re not one for notes, scribble a good quote or a motivational sentiment on it to lift your spirits every time you catch a glance.
3. Orange Creamsicle Candles ($24): These beauties look great on any dinner table or book shelf. Imagine them sticking in some pretty ivory-colored holders… perfection!
4. Seaglass Wooden Wick Candle ($20): The scent of this candle is reminiscent of the ocean, while its wooden wick crackles like a campfire. If you’re missing beach times during the winter, this candle is definitely for you.
5. You’re Soy Amazing Candle ($18): This candle makes the sweetest gift for someone special in your life. Or if you’re in #treatyoself mode, keep it for some daily positive thinking.
6. Bamboo Melon Candle ($32): This little gem is blended from soy and essential oils to create one of the most succulent scents your nose has ever come across. Bamboo and melon melt together into a summery, tropical scent that you will never be able to get enough of.
7. Daffodil Striped Candle ($24): These yellow candles go with almost any color scheme imaginable. Use them to add a pop of color to a mostly neutral vibe or add them to an already colorful decorating scheme — there’s no way to go wrong!
8. Swear Jar Storm Fresh Candle ($40): If you’ve got a potty mouth, or know someone who does, this candle was made for them. Once the soy wax is used, you’ve got your very own swear jar. If you really love expletives, you’ll be sending yourself on a fancy vacay in no time!
9. Flannel Candle ($22): If there ever was a candle made for winter, this one is it. The flannel scent of this candle practically begs to be lit next to a roaring fireplace while it snows outside.
10. Frankincense and Orange Candle ($28): Two of the best scents ever have been combined into one candle, and it’s right here, ladies and gents. The Frankincense and orange combo is spicy and sweet and cannot be beat.
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