Formulas
Salon Suite Owners: Do You Need to Report Tips?
Reporting tips from clients can be tricky, and can be a source of debate for stylists. The fact is that tips ARE subject to tax, so you should be accurately reporting them. But if you’re a salon suite owner, how do you report your tips? Learn how to report tips in our FREE 20-page tax guide! Plus, get 103 tax write-offs for stylists! First, answer this question: Do you own the suite alone, or does someone else work there with you as a chair renter or assistant? The answer to that question determines how you...
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