Tax season can feel stressful and overwhelming, especially if you’re an independent contractor. But you can be prepared and have more peace of mind. We will explain how to file 1099 forms as an independent Spa or Salon Contractor, so you can stay compliant with the law and on track in your business.
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If you're a salon or spa professional, you have the option of three types of salons/spa business models: employee-based, independent contractor-based and hybrid. How you pay your team will be determined by which business model you choose. They are not the same and it can sometimes be confusing, so we want to break everything down for you here to help you stay compliant and run a successful business.
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Bookkeeping is a crucial aspect of a business for a salon owner. Bookkeeping helps to maintain accurate and up-to-date financial records by tracking income and expenses day-to-day, providing a clear financial picture to make informed business decisions.
Quality bookkeeping ensures compliance with tax regulations and financial reporting requirements - contributing to TAX SAVINGS and preventing you from over paying or under paying at tax time.
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