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Q: Hair salons projected income and expenses?
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Do you have to pay taxes as a hair stylist?

Yes! Unless you receive a W-2 from your employer, (where taxes are taken out automatically) more than likely you would receive a 1099 and pay Estimated Tax payments on a Quarterly basis.answer #2if you receives a 1099 you are a subcontractor essentially a business. You will pay income tax, self employment tax unemployment and possibly workers' comp depending on the state. On the positive side your income can be offset by legitimate business expenses such as booth rental, supply costs, etc. Your tips are also taxable income so be sure to keep an accurate record of those as well.If you receive a W-2 you are an "employee" your taxes will be withheld. Your tips are still taxable. You are much more limited in the expenses you may deduct from your W-2 wages.


If you were doing hair under the table do you have to file taxes?

well most people do file taxes for doing hair under the table


Im a hairdresser commission paid by my employer but they take a product charge off my earnings to cover the costs of hair color is this a tax deductible business expense for me?

Yes, hair color can be counted as a tax deductible business expense.


What is 5 percent sales tax be on 1550.00 dollars?

Good gifts for girls are: hair accessories, hair protucds, makeup, perfume, books, magazine subscriptions, cute PJ's, slippers, photo albums, candles, gift certificate for manicure/pedicure, gift card to their favorite restaurant, Dunkin Donuts/Starbucks (if they're into coffee) Good Luck and Happy Holidays! =)


How much did Deliah pay for scissors from Hair Cuts if the cost was 8.99 and the sales tax was 7.523 percent?

Deliah paid about $9.67 (rounded up, assuming dollars)7.523% = .075238.99 * 1.07523 = 9.6663177

Related questions

How are black hair salons different from other salons?

Black hair salons are very different that other salons. The hair stylist in a black hair salon needs to know how to do hair weaving and hair braiding and other services that the customer coming into a black hair salon desires.


How many hair salons are in Virginia?

There are 325,000 hair salons tha t are in business in Virginia.


What kinds of services do most hair salons offer?

Hair salons offer a variety of services. Most hair salons offer haircuts and hair stylings. They also provide services such as manicures and massages.


How many Regis hair salons are located in the United States?

It appears that there are more than 11,000 hair salons in the chain. They operate under various names Regis hair salons and Best Cuts are two of the many names that the Regis hair salons operate under.


Did the regis corp buy out hair cuttery salons?

Regis bought some hair cuttery salons on the SE US. ..but not all, as hair cuttrry still exists. The salons purchased by Regis are now called Famous Hair.


How many hair salons are in Brisbane qld Australia?

There are many hair salons in Brisbane, including Sugar, GaiaHair, and Panic Hair Bazaar.


Where can you get feather hair extenstions?

at most hair salons


Where do you get hair extensions?

You can them put in your hair at beauty salons and such.


What do hair salons do with all the hair?

Usually the hair is just thrown about but some hair salons will help customers donate their excess hair if it is long enough (like 10in or something).


Where do you get butterfly clamps?

Hair salons.


Where can one find listings of black hair salons?

One can find listings of black hair salons on the Yelp website and by looking in the Yellow Pages. One can also ask friends and neighours if they know where to find black hair salons.


Are hair salons open on New Year's Day?

No no one is open on New Years Day besides clubs bu no Hair salons are