Topic : taxes

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Spin the Wheel! Playing the Classification Game

April 1, 2008  | Article

In the salon industry, workers most often operate in one of three ways: as employees, booth renters, or independent contractors. But for years many salons have incorrectly labeled their independent contractors and may have put themselves at risk of having the IRS reclassify their workers. Find out if you're doing things correctly or if you're just spinning the wheel and seeing where it lands.

Keywords: booth rental   business   business tools   employee issues   independent contractors  

The Professional Beauty Association Secures Major Victory with Small Business Administration

October 1, 2007  | News

In a major victory for the Professional Beauty Administration (PBA) and the salon industry, the Small Business Administration (SBA) recently issued a ruling that preserves the small business designation for hundreds of salon/spa businesses nationwide.

Keywords: business   Professional Beauty Association   taxes  

When the Economy Slows, Smart Salons Adapt

June 1, 2007  | Article

While the thought of an economic slowdown — or other financial challenge — can be scary, it can also be the catalyst for change. Take heart and learn from the struggles and strategies of two business owners who came out on top.

Keywords: customer service   economy   money   natural disasters   taxes  

Contract Labor, Booth Renter, or Employee — What Are They Really?

March 1, 2005  | Article

If they were audited, a large percentage of the salon owners in the beauty industry today could not pass the tests determining their workers’ tax status imposed by the IRS or by their individual state, says our expert. As tax time approaches, know the facts. The financial fall-out from misclassifying your staff can be devastating.

Keywords: booth rental   employee issues   independent contractors   IRS   taxes  

Cut Your Cost to Boost Your Profits

October 1, 2002  | Article

As competition and tough economic times keep service prices flat, salon owners and booth renters need to look elsewhere to increase profits. Learn ways to cut your overhead costs — without sacrificing customer service.

Keywords: keeping your business competitive   salon finances   taxes  

Senate and House Introduce Tax Fairness Act of 2000

January 1, 2001  | Article

Keywords: taxes  

Right on the Money? A Pro and Con Look at Tipping

November 1, 1999  | Article

The rumors of an IRS crackdown on salon tip reporting is causing salon owners and nail technicians once again to examine their gratuity policies.

Keywords: IRS   taxes   tipping  

A Hard Won Victory: Salon Owner Beats the IRS

October 1, 1997  | Article

It took five years and more than $100,000, but Nails Now! Owner Ira Bloom finally prevailed in his quest for the IRS to recognize his nail technicians as independent contractors.

 

Keywords: booth rental   business   business tools   employee issues   independent contractors  

You're Being Audited! One Salon Owner's Harrowing IRS Journey

June 1, 1997  | Article

If the IRS asked to examine your salon's Federal Tax returns, would you survive the audit? Read on for an account of a salon owner who thought she was doing everything "by the book."

Keywords: booth rental   business   finance   independent contractors   opening a new salon  

Who Pays for Licensing Fraud?

September 1, 1995  | Article

Crime may not pay, but beauty professionals do when people cheat at getting a license, or just work without one. What’s the cost? Increased licensing fees, more rigorous application processes, and a damaged reputation for the entire industry.

Keywords: licensing   reciprocity   taxes  

Independent Contractor or Employee?

February 1, 1991  | Article

The first thing you should know about the difference between being an employee and being an independent contractor is that the choice may not be up to you. Stay on the right side of the law ... and the IRS.

Keywords: booth rental   independent contractors   IRS   taxes  
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Market Research How big is the U.S. nail business? $7.3 billion. What's the average service price for a manicure? Dig into our decades' deep research archives.

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VietSALON

The U.S. Vietnamese salon industry represents more than half of all salons. VietSALON serves this market with a bi-monthly Vietnamese language print magazine and a community-oriented website.

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