Everything You Need RN from the Urban Outfitters Sale
We love Urban Outfitters. I mean, we really love Urban Outfitters — a lot. That’s why, when we heard about their mega sale, we knew we needed to get you in the know ASAP so you can score all the fabulous deals before they sell out. Just one browse through these amazing finds and you’ll be weekend ready in no time flat. So sit back, relax and let a little retail therapy get you through the weekend in style.
1. Silky Skinny Scarf ($10): What more could you possibly want from a scarf? This must-have is silky, skinny and oh-so fab. Step up your everyday getup with this classic accessory in the making.
2. Ecote Rosalinda Floral Long-Sleeve Mini Dress ($40): Dance the night away in this cute little number that’s destined to be your standby this season. The long sleeves and mustard hue keep it totally fall appropriate, while the painterly floral print will transition this stunner right into next spring.
3. Dolce Vita Saylor Ankle Boot ($140): These little booties are perfect for the weekend — and by weekend, we mean your everyday life. They’re cute, they’re chic and they won’t slow you down when you’re on the go. *Adds to cart*
4. Silence + Noise Rider Vegan Leather Jacket ($70): Yes, you do always have a reason to buy a leather moto jacket — especially when it’s vegan! What else will keep you warm late into the chilly weekend nights?
5. Ecote Leanne Suede Saddle Bag ($20): We can’t think of any good reason to say no to a find like this. We’re digging the tassel detail and the geometric imprint, not to mention the saddle bag was pretty much our favorite handbag trend this season.
6. Luv Aj Marble Triangle Necklace ($130): This gorgeous piece by Luv Aj won’t last long, so you’d better act fast. Be sure to pick up the trendy marbled statement necklace to pair with silk tops and sheer sweaters for the weekend. Come Monday, couple it with a wrap dress or statement knitwear FTW.
7. Geo Ear Jacket Earring ($10): Keep it simple and keep it classy. That’s what we always say. These edgy geometric earrings are exactly what we need to bring our OOTD into OMG territory.
8. Uslu Airlines Lipstick ($10): We know better than to say no to a red lip. How else are we gonna take our Friday night look there once five o’clock rolls around? And for just $10, this find is a serious beauty steal.
9. UO Metallic Hair Tattoo Set ($7): Hold up. Yes, these really are temporary metallic tattoos for your hair. And no, you don’t need tickets to a music festival to rock the style.
10. Gold Leaf Hair Comb ($10): If those festival-ready hair tattoos just aren’t your weekend style, you can still accessorize your locks with this cool piece of bling. We’ve seen the hair comb make a comeback and are more than ready to get in on the trend.
11. Brady Half-Frame Sunglasses ($10): We’ve been dying to get our hands on this season’s must-have sunglass silo. Who wouldn’t like a take-everywhere accessory that packs a major sartorial punch? Then we saw the sale price and upgraded that like to love.
Which of these hot sale finds will help you get the most out of your weekend style? Show us on Pinterest!
Brit + Co may at times use affiliate links to promote products sold by others, but always offers genuine editorial recommendations.
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