Claiming Your FICA Tip Tax Credit?
You must be an employer in an industry where tipping is customary. This has
historically been the restaurant industry. The beauty industry was added to this list
for 2025 and going forward.
You must be an employer in an industry where tipping is customary. This has
historically been the restaurant industry. The beauty industry was added to this list
for 2025 and going forward.
Salons, most of your meal expenses that are being deducted at 50% will not be deductible at all, starting 01.01.2026!
As 2025 winds down, it’s time to take control of your financial future. Pretax planning is a powerful way to reduce your tax burden—and it pairs perfectly with smart budgeting as you head into 2026.
October brought several important clarifications to the One Big Beautiful Bill (OBBB), especially around tax deductions and employer responsibilities.
As a salon owner, independent stylist, or other beauty professional, managing expenses is key to profitability. One tax deduction that manyin the industry overlook is the home office deduction – a valuable tax break that…