Is Your Service Pricing Holding You Back from Profitability?
Are you making a profit on each of your salon and spa services, or are there some that are costing you? Coach Jen LeBlanc shows you how to calculate your break-even point.
What the Proposed ERC Repeal Act Means for Your ERC Claims
Three U.S. Senators have introduced the Employee Retention Tax Credit Repeal Act of 2024, which seeks to retroactively end the Employee Retention Tax Credit for claims filed after January 31, 2024, and impose heightened penalties for fraudulent ERC claims. Find out what this means to you.
Rooting Out Tax Troubles and Helping Salon Owners Avoid IRS Penalties and Interest
Navigating the complex world of tax penalties and abatement can be challenging, especially while trying to run a successful business. If you're facing IRS penalties or want to ensure you're taking the proper steps to avoid them, our resident tax attorney can set you on the right course of action.
IRS Renews ERC Voluntary Disclosure Program
In a significant move that impacts many businesses, the IRS announced a temporary reopening of the Employee Retention Credit (ERC) Voluntary Disclosure Program (VPP), which will be available through November 22, 2024.
ERC Changes Unveiled: The Long-Awaited IRS Update
After a year-long moratorium on claims filed since September 13, 2023, the IRS finally announced significant updates to its Employee Retention Credit processing and payment procedures, which has significant implications for salons businesses that have claimed or are considering claiming it.
Comb Through the Complexities: Federal Tax Deposits Demystified for Salon and Spa Owners
Understanding the different due dates for federal tax deposits and meeting with a tax professional to create a plan will streamline the process and help you avoid unnecessary penalties and interest.
Cutting Through the Confusion: Why Salon and Spa Owners Need a Second Opinion on ERC Claims
As the IRS unveiled a major initiative to clamp down on ERC claims and reject tens of thousands of high-risk ERC claims, consequences abound for owners of salons and spas who have submitted claims. Candice Miller from Azarvand Tax Law explains the situation and how you can prepare.
Highlighting the Risks: ERC Warnings Salon and Spa Owners Can't Brush Off
As the IRS announces a crackdown on Employee Retention Credit claims, Azarvand Tax Law's Claudia Vasquez steps in with some helpful advice in identifying if your claim could be at risk and what you can do about it now to avoid trouble later.
Beautifying Your Financial Future: A Salon Owner's Brief Guide to Retirement and Health Savings
Our Tax Attorney Blogger Tina Azarvand is back with her colleague Caroline Moss to shed some insight on financial strategies that can leave your future looking as fabulous as the hair styles you create.
Which Star Signs are the Wealthiest?
Does your Zodiac sign have anything to do with your financial success? A new study analyzes the birthdays of billionaires, determining the richest star signs.
The Benefits of Going Cashless
Convenience and security are just two of the reasons owners are going cashless in their salons. Tap into the rest.
Audit-Ready Locks: ERC Audit Survival Guide for Salon Owners & Stylists
With Employee Retention Credit (ERC) audits set to rise, are you ready if the IRS comes knocking? Legal professionals Claudia Vasquez and Tina Azarvand help you prepare what you need.
Discovering the Best Accounts for Saving for Retirement
Understanding your best savings strategy for retirement starts with answering some key questions. Northwestern Mutual's Michael Cole walks you through your options.
Transforming the Future of Commerce: The Rise of Buy Now Pay Later Services and Their Impact on Salon and Spa Growth
High-ticket items such as extensions, some trending color techniques and Medspa services may give clients pause, but implementing a Buy Now Pay Later service in your business can help them pull the trigger on a purchase.
Cut Through the Tangles of Tax Planning with the Right Professional
What kind of tax professional do you need for your business? Tax Attorney Tina Azarvand walks you through the different specialties.
by Stacey Soble
Salon Savvy: Avoiding Tax Pitfalls with Style, Part 2
Following up on their advice to avoid tax pitfalls, Azarvand Tax Law discusses overclaiming the Employee Retention Credit, the benefits of proactive tax planning and preparing estimated tax payments.
Trimming the Tangles: A Brief Guide on Estimated Tax Payments
If you're self employed, the IRS expects you to make estimated tax payments throughout the year. Tax Attorney Tina Azarvand answers your questions on tax payments and offers advice on how to make it easier.