Click HERE to learn more about Quarterly Estimated Taxes. Login to the app and navigate to the Taxes page from the top menu navigation and checkout for Quarterly Estimates Taxes. Understand and calculates your US quarterly federal tax requirements Access to update quarterly payments as your income fluctuates throughout the year Reminders throughout [...]
It's becoming more common for clients to have a credit card on hand but sometimes they *forget* cash. Streamline your payments by accepting credit cards or sending your clients a link to pay. This process starts out on Salon Accounting by navigating to Setup > Setup Client Pay. You can configure your default tip [...]
After registering, navigate to the Clients page in the app and start adding your clients. At a minimum, you'll want to key in their name but adding their phone and email will allow you to access their contact information from one place. Additionally, you can add notes such as your latest conversation, latest merchandise [...]
The first step to get started with Salon Accounting is to simply jump into the trial by registering for an account. No credit card is required and you can cancel at anytime. Jump over to the Register page to create an account and get started. Compared to other accounting systems were you need [...]
An employer identification number (EIN) is a nine-digit number assigned by the IRS. It's used to identify the tax accounts of employers and certain others who have no employees. The IRS uses the number to identify taxpayers who are required to file various business tax returns. So, Does My Salon Need An EIN? An [...]
Throughout the course of owning your business, you're bound to come across the following accounting terms. By decoding these accounting terms, you will be able to understand the lingo that describes the state of your business. If you can understand the basics of these terms, you'll be able to focus on your business (hair) [...]
The United States is one of the few countries in the world that has a federal income tax. This means that you must pay taxes, no matter where you live and work, and file your annual returns with the Internal Revenue Service (IRS). Tax evasion is the attempt to conceal money or information from the [...]
How would you like to make more than $100,000 a year hairdressing? If you are thinking that this is impossible, think again. It's possible and it does happen! Hair salon owners earn on average $53,150 per year including tips. The national accrediting commission of cosmetology arts and sciences reports the demand for hairdressers continues to [...]
If you're looking to start a hair salon, you won't need a lot of startup capital but the list of initial expenses can add up quickly. You could get a small loan from a bank or use personal funds to start your business to cover the initial expenses such as inventory, supplies and insurance. Some [...]
Confused by all the financial statements and tax laws to keep your small salon business running? What's a P & L statement? The profit and loss statement is one of the most important financial documents of small business accounting. It includes the money we make (revenue), how much money we spend (expenses), and what [...]
