The Venmo Dilemma: Tipping, Taxes and Transparency
New IRS requirements, paired with technology, make it harder for service employees and independent artists alike to under-report income.
6 Musts to Make Money in a Salon/Spa
The way to win at the salon ownership game is by clearly managing the money. Strategies' Neil Ducoff shares six guidelines to help you make more money in your salon, spa or barbershop.
by Neil Ducoff
Making the Case for Financial Literacy
Before Qnity President Erin Kuhn takes the stage at Serious Business 2022, she discusses the need for financial literacy in the professional beauty industry and how owners can help their team members gain knowledge make better decisions about their careers.
by Stacey Soble
Kim Kimble’s Data-Driven Pandemic Recovery Techniques for Salon Owners
Kim Kimble, known for her on-set styling skills, TV personality and star-studded clientele, has partnered with American Express to help salon owners recover and rebuild from pandemic-related challenges.
Sponsored by American Express
Vish Hits 3-Million Mark in Colorists' Formulas
Colorists are discovering that they can save money by reducing waste with Vish.
A Rewarding Business
American Express is helping salon owners get their businesses back on track with tips, tools, discounts and more.
Sponsored by Amex
Why Salons and Spas Need to Raise Prices Now
The perfect storm to boost salon/spa service pricing is upon us, says Strategies Neil Ducoff--and not a dollar or two, but a significant price increase. Find out why.
by Neil Ducoff
8 Ideas to Help you Weather a Possible Recession
London-based Salon Leader Jamie Brooks offers some wise lessons learned from past recessions, as we head into rocky financial times.
5 Questions for a CFO
As salons across the country continue to pick up their metaphorical pieces and re-prioritize with new perspective, we spent time with Sam Paik, chief financial officer for LBP’s Prestige Hair Group which includes salon brands like R+Co, IGK, InCommon Beauty and V76, for his unique insights into how salons can save, scale and strategize.
Tips to Make Filing Your Taxes Easier
On Friday, February 12, 2021, the IRS will begin accepting and processing 2020 tax year returns. Get a jump on things with these tips for making the process easier and more efficient.
The Tax Duchess Offers Independent Stylists Help with Tax Preparation
A new book teaches salon professionals how to maintain good business records with customized accounting ledgers and guidance.
by Stacey Soble
How to Create Financial Stability, Even in Uncertain Times
Don’t wait until the next crisis to get prepared. Despite the sea of unknowns, start building financial success now with these three tips from Qnity’s Tom Kuhn.
How to Determine if Your Salon is Making Money
In this turbulent year when the flow of business is so abnormal, it can be challenging to tell if your salon is making money. Beauty 360's Allyson King walks you through the process of determining if you are staying above water and offers some suggestions for controlling your costs.
How COVID-Related Programs Impact Your Tax Liability
How do COVID programs impact your tax liability? Should you convert your employment-based salon to rental? Have salons started submitting Paycheck Protection Plan loan applications for forgiveness? Kopsa Otte's April McDaniel tackles these burning questions.
Planning Your Future: Is A 401K An Important Perk?
Getting employees to appreciate the importance of THE FUTURE with a 401K plan is the goal of Arik Efros, co-owner of the Eva Scrivo Salon. Efros outlines the importance of this perk and explains why many of the people in their NYC salon have already a nice bundle waiting for them upon retirement.
Navigating the Confusion Around PPP
While the PPP loans helped many owners through an unimaginable crisis, there still is a lot of confusion and frustration around the loans. Kopsa Otte's April McDaniel shares those frustrations and provides the latest document to address some of the concerns.
Leading Forces in Pro Beauty Unite to Support Financial Sustainability in the Industry
Learning and development company Qnity, Inc., partners with Intercoiffure America Canada to provide salons with a pay-what-you-can program of financial advice.