Booth renters, commissioned stylists, tips, and a retail shelf, all in one room and all taxed differently. We keep salon books that know the difference.
A salon runs three businesses under one roof: services, rent from booth renters, and retail. Each has its own margin and its own tax treatment, and the books have to keep them apart.
The IRS decides by who controls the work, who carries the financial risk, and how the relationship is written, not by what the agreement is called. We set each stylist up the right way and keep the paperwork behind it.
Employees report tips of $20 or more in a month to you, by the 10th of the next month, and payroll has to pick them up. We build the routine so it happens without you chasing anyone.
Product sales are retail sales in New Jersey, which is a separate question from how your services are treated. Your books show the shelf as its own line, with its own margin.
How you pay yourself depends on how the salon is structured. We review it as the business grows rather than letting the first-year answer run forever.
“What a great team! Rich and Ling have been such a tremendous help, not only with prepping tax returns, but with helping us better understand so many aspects of our business and in planning for the future! We’ve been through a few accountants over the years, but have finally doing the perfect fit!”
Your payroll, books and taxes live under one roof and always agree.
When an agency writes, we answer it. You hear about it after it is resolved.
From your first chair to a floor of stylists and a retail wall, the books grow with the salon.
The busiest salon in town can still be the one that isn’t sure it made money. Let’s fix that. Book a call and we’ll walk the floor with you, chair by chair.
