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- Can expenses qualify as tax deductions?
- Some may if for work photoshoots or shows. Must order from suppliers and only use for performances or shoots.
- What can a hairdresser claim?
- Expenses like tools, equipment, rent, insurance, training, advertising, uniforms, mileage, phone and internet, accounting fees, association fees, subscriptions, cleaning, and electricity may qualify.
- Should income get reported?
- The IRS expects all income reported regardless of amount.
- Do salons need licensing?
- They need to meet health, safety, cleanliness, training, and equipment standards. Stylists need cosmetology licenses to legally earn money. Some states require additional braiding licenses.
- Do self-employed get audited?
- Hairdressers who accept cash may get randomly audited. The IRS and states target cash businesses. An uptick in salons and stylists audited exists lately.
- What information should clients share?
- More may be acceptable as relationships build over time. Too much can be awkward unless a relationship exists.
- How much to tip?
- 15-20% or more for good service.
- What accounting software helps?
- Bonsai offers scheduling, forms, questionnaires, taxes, deductible expenses, and estimates.
