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?
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 should be reporting your tips to the IRS. Learn how to report tips properly by downloading our FREE 19-page tax guide. Just enter your email below to get the free PDF guide!