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Call your business what you like, but when it comes time to determine whether you’re an employee or a true booth renter or independent contractor (yes, there is a slight difference), it’s up to the IRS to decide.
With experience comes wisdom, they say.
Which kind of nail technicians make a more profitable, client-driven salon—employees or booth renters? Not surprisingly, the answer depends on who you ask.
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.
A growing number of salons are using non-compete agreements to protect their salon from unfair competition with former employees. The question is, are they all they’re cracked up to be?
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."
Nail technicians' earning power is up 17%. Perhaps the staff shortages the industry is facing is having an impact on the salaries and prices that skilled nail techs can demand. Our biannual compensation studies will help you understand how your earnings compare to the industry and provide some simple ways to increase your earning potential.
When it comes to watertight lease agreements, details is better than brevity. A well-inclusive lease is your best bet for basic protection.
This article will offer an in depth look at the booth renter’s responsibilities in setting up her own business.
You’re playing with fire of you are trying to get away with classifying legitimate employees as independent contractors. If you are unclear on how to classify your workers, talk to an attorney – today.
