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Salon Finance

A crash course on the important things to consider, and common mistakes to avoid, when it comes to money flowing in and out of your business

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The Venmo Dilemma: Tipping, Taxes and Transparency

New IRS requirements, paired with technology, make it harder for service employees and independent artists alike to under-report income.

World's Largest Tip Day is May 1

The first World's Largest Tip Day, a campaign founded by beauty professionals, launches May 1, 2020.

Crowdsourcing: Do You Accept Apple Pay or Venmo or Other Non-Traditional Forms of Payment in the Salon?

This month we asked nail techs: Do you accept Apple Pay or Venmo or other non-traditional forms of payment in the salon?

Crowdsourcing: How do you deal with clients who tip poorly or not at all?

This month we asked nail techs: How do you deal with clients who tip poorly or not at all? Do you give them a different level of service? Why or why not?

Tip Tax Credit Legislation Stalled in Congress

The Professional Beauty Association is on a mission to bring fairness to the treatment of tip income in the beauty industry.

Is a No-Tipping Policy Right for You?

If tomorrow morning you posted a sign that said “no tips please,” what do you think would be the impact? No-tipping policies in salons, spas, and waxing studios are slowly but surely changing the way clients not only pay, but view their nail service professionals.

To Tip or Not to Tip

Here Candice Everest, owner of Panache Nail Studio in Stanwood, Wash., explains her decision to institute a no tipping policy — a decision that proved popular with clients. Jesse Bruner, owner of Jesse David Nail Design in Wilmington, Del., counters respectfully with why it wouldn’t work for him.

Are You Reporting Your Tips?

The IRS wants its fair share of your taxes and it’s trying to make it easier for salon professionals to follow the rules. IRS analyst Don Segal answers common questions.

How Much to Tip

O Magazine talks holiday tipping with readers.

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