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Reese Witherspoon, Anna Kendrick, Shailene Woodley, Film Independent Spirit Awards

Jason Merritt/Frazer Harrison/Getty Images/Jordan Strauss/Invision/AP

It's time to kick off Oscars weekend and first up, it's the Film Independent Spirit Awards!

The casual-chic, beach-side fest is being held in Santa Monica this afternoon and is celebrating this year's achievements in independent film.

12 Years a Slave, All Is Lost, Frances Ha, Inside Llewyn Davis and Nebraska are vying for Best Feature, while Jared Leto, Cate Blanchett, Lupita Nyong'o and Matthew McConaughey are nominated in their respective categories.

Anna Kendrick donned a Dior dress, while Reese Witherspoon wowed in a Giambattista Valli top and skirt. Shailene Woodley bared her belly in a Lyn Devon look and Casadei shoes.

The star-studded awards show will be broadcast on IFC at 10 p.m.

Check out all of the stars in our 2014 Film Independent Spirit Awards Arrivals gallery!