Salon Finance - NAILS Magazine

In partnership with Amex

Prepare for Small Business Saturday® with American Express

The busy holiday season is here, and with it comes jam-packed days, last-minute client requests and booming retail sales. For many salon owners, the highlight of the season is Small Business Saturday® (SBS). This year on Saturday, November 30, consumers can take their shopping into the small businesses in their communities.

In partnership with Amex

Success at the Top: Thriving on Madison Ave.

by Staff

Salon owner Nuri Yurt had a dream of owning a salon on New York City’s Madison Avenue. "Through perseverance, hard work and stellar customer service, he and partner John Kaygisiz founded Toka Salon in 2007.

Co-author Eva Macris of Azarvand Tax Law describes the different education tax credits that can optimize your savings. - Eva Macris

Business

Choosing the Right Cut: Education Tax Credits Stylists and Salon Owners Should Take Advantage Of

by Eva Macris and Tina Azarvand, Esq., LL.M.

Education is necessary for beauty professionals to maintain their cosmetology licenses, and paying for that education can be burdensome, but it doesn't have to be. Understand which education tax credits can help you offset those costs.

Business

The Business Side of Beauty: Why You Aren't Making the Money

by Carlos Valenzuela

There's a business aspect to being a beauty professional that can be learned and mastered. Here are the main reasons why you might be struggling, and what to do about it.

Tax Attorney Tina Azarvand helps salon owners and independent stylist stay out of trouble with the IRS by explaining key points regarding estimated tax payments for the self employed.

Business

Trimming the Tangles: A Brief Guide on Estimated Tax Payments

by Tina Azarvand, Esq.

If you're self employed, the IRS expects you to make estimated tax payments throughout the year. Tax Attorney Tina Azarvand answers your questions on tax payments and offers advice on how to make it easier.

Business insurance is a great tool to address the risks of operating your business, seeing clients, and providing excellent styling advice. - Photo: Pexels.com / Mikhail Nilov

Business

Protecting YOU: Salon Insurance Basics

by Mary Hoeprich, Gild Insurance Agency

It’s scary running a team, managing chairs, and learning on the fly. Independent Boot Camp is a great opportunity to share business insights and help creatives like you gain confidence as a business owner.

Business

How to Claim Your Employee Retention Credit Correctly (Don't Get in Trouble with the IRS)

by BT Staff

Find out about our complimentary webinar about the Employee Retention Credit, and how to claim it correctly, so you don't get in trouble with the Internal Revenue Service.

Business

Simple vs. Compounding Interest: Which Investments Offer Which?

by Staff

Which investment methods compound your money, and which ones pay you a fixed rate? Ulta Beauty's Anna Manukyan explains.

In partnership with Amex

Level Up Your Customer Experience

by Staff

Salon owners Jessica and Charlie opened their first location in 2011, and brought American Express on board from day one. Find out how American Express helps them get the most out of their business.

Business

3 Tips for Avoiding Future Financial Headaches

by Staff

Financial coach Anna Manukyan shares three financial tips she wishes she new earlier--take note!

Business

Navigating Simple Interest vs. Compounding Interest

by Staff

In this edition of #FinanceFriday, Anna Manukyan explains the differences between simple and compounding interest.

Business

Is My Money Protected by the FDIC?

by Staff

If you're concerned about all this talk of failing banks, here's what Ulta Beauty's Anna Manukyan wants you to know.

Business

How to Write-Off a Business Conference

by April McDaniel, CPA, CRSP, with Kopsa Otte CPAs & Advisors

Our favorite industry CPA April McDaniel offers advice for what you can write-off as expenses when you attend an industry conference.

Business

6 Money Management Moves for Successful Salon Ownership

by Rechelle Kennedy, Advisor, Breakaway Bookkeeping + Advising

Oftentimes, salon owners cringe at the thought of looking at their finances. But you know it’s important. In order to make financially sound business decisions, it is essential for every salon owner to take the necessary steps in managing their finances.

A barber inside his shop works on a client.

Business

Salon Pro Tips for a Recession

by Carlos Valenzuela

How does a recession affect a salon professional, and why should you care?

Money grows when you make smart decisions.

Business

Investing 101: It's All About Diversification

by Staff

Every week, Anna Manukyan is sharing the wealth--of her own knowledge. As a licensed professional, industry expert and financial counselor and coach, she speaks our language, making understanding financial terms easy and accessible. This week, she talks about the importance of diversification.

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