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 our [...]

Your salon may have been missing out on an important tax deduction but it is tricky when you can take advantage of it. This article discusses how to calculate your deduction, what records to keep, and when it is applicable and not. When can you expense car mileage? Every small business owner wants to [...]