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The views expressed on this site are intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice.

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Will I get audited for filing an extension? Another fun fact to note: Neither Kristin nor I are accountants or tax advisors; any tax information shared within this article should be considered as normal conversation between friends over a beer or coffee.

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Keep up to date with Simply Business. The chance to interact with people all day, sharing the fun of a busy working environment and having the flexibility of being self employed are all aspects of the job which are important to many hairdressers.

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The source information that is required for each tax return is unique. Use accounting software, a spreadsheet or a simple file folder to track your expenses and deductions.

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The information contained in this website is for guidance and information purposes only. The sales tax applies to the gross receipts of all retail sales, including the sale, lease, or rental of tangible personal property or any product transferred electronically, and the sale of services.

In summary, the employer has the legal right to control the details of how the services are performed.

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Uber allows you to use your personal vehicle to make money by giving rides around town. The average hairdresser makes an annual salary of only 22700 including reported tips according to the Bureau of Labor Statistics Hairstylists also point to the rising popularity of big hair - curls and waves - over straightened styles.

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When writing up my taxes do I just do a yearly grand total and let my tax agent do the work?

An ordinary expense is one that is common and accepted in your trade or business.

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Running a salon is hard work. To be fair, Masterson says each state sets their own licensing rules and a graduate generally works as an assistant for one to two years.

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