PROFIT AND BEAUTY: A Show For Salon Professionals-logo

PROFIT AND BEAUTY: A Show For Salon Professionals

Podcasts

This show was created for Salon owners who have decided to start running their salon like a business rather than a hustle. The focus of the show is to help salon owners understand the numbers behind their business so they can grow and make extraordinary profits. My name is Desarie Anderson, a hair stylist turned accountant and financial guide. When salon owners have trouble understanding the finer details of their finances, they come to me. With 19 years of salon ownership experience coupled with my experience in the financial world, I know the ins and outs of both the beauty and the financial industries. Whether you want to minimize your tax bill or grow and scale your salon, I’ve got you covered.

This show was created for Salon owners who have decided to start running their salon like a business rather than a hustle. The focus of the show is to help salon owners understand the numbers behind their business so they can grow and make extraordinary profits. My name is Desarie Anderson, a hair stylist turned accountant and financial guide. When salon owners have trouble understanding the finer details of their finances, they come to me. With 19 years of salon ownership experience coupled with my experience in the financial world, I know the ins and outs of both the beauty and the financial industries. Whether you want to minimize your tax bill or grow and scale your salon, I’ve got you covered.

Location:

United States

Genres:

Podcasts

Description:

This show was created for Salon owners who have decided to start running their salon like a business rather than a hustle. The focus of the show is to help salon owners understand the numbers behind their business so they can grow and make extraordinary profits. My name is Desarie Anderson, a hair stylist turned accountant and financial guide. When salon owners have trouble understanding the finer details of their finances, they come to me. With 19 years of salon ownership experience coupled with my experience in the financial world, I know the ins and outs of both the beauty and the financial industries. Whether you want to minimize your tax bill or grow and scale your salon, I’ve got you covered.

Language:

English


Episodes

Finances For Salon Professionals

9/7/2020
Join The Club: https://financesforsalonprofessionals.com/ Hi everyone. I am really excited to announce that my membership site for independent contractors and salon owners is finally launching in two days. I’ve been working on the site for the past six months. As I was building the site, I was trying to add to the membership program the types of services that I thought would be most beneficial to the members. The services that I eventually settled on were those that my current clients and...

Duration:00:19:22

Cash Flow Management For The Independent Stylist

7/29/2020
Click The Link To View The Video https://youtu.be/Fnx5ye5cS4U Join My Wait List https://accountants4hairstylists.com/something-new-is-coming-soon Hello again and welcome to part three of Business financial literacy for the independent stylists. In Part one I discussed the importance of picking a legal business structure for your business, in part two, I discussed why it's important for an independent stylist to set up an accounting system. In part three, I discuss cash flow management for...

Duration:00:19:11

Why Independent Stylists Need To Set Up A Bookkeeping or Accounting System

6/15/2020
Click Here To Join My Wait List Hello again and welcome to part two of Business financial literacy for the independent stylists. In Part one I discussed the importance of picking a legal business structure for your business, which included the different options available to independent stylists and the importance of understanding the structure you choose. Today I’ll be talking about setting up an accounting system for your business and why it’s important When I speak to some of my...

Duration:00:16:30

Episode 1 of 6- Picking The Right Legal Structure For The Independent Stylist

6/7/2020
Hello everyone and welcome to my six-part series all about business financial literacy for the independent stylists Although it’s important for all business owners to be financially literate, for this series, I’ve decided to focus on the independent stylist because I want to emphasize the importance of operating your business as a legitimate business regardless of your size. Whether you are as large as coca-cola or Nike or whether you are a one-man shop, in order to successfully sustain...

Duration:00:14:35

What's The Difference Between An Independent Contractor, A Booth Renter, & An Independent Stylists?

6/2/2020
Over the last few months, several independent stylists and salon owners have asked me what the difference is between an independent stylist, a booth renter, and an independent contractor. I explain the differences in this mini cast! Click the link below to join my the wait-list https://accountants4hairstylists.com/something-new-is-coming-soon

Duration:00:05:11

PPP Loan Forgiveness For Salon Owners & Independent Stylists

5/13/2020
Now that businesses are starting to receive their PPP loans, it's time to understand what is required in order for your loan to be forgiven. You want to try to avoid any unwelcome surprises when you apply for loan forgiveness.

Duration:00:24:09

How COVID19 Exposed The Importance of Choosing And Understanding Your Business Legal Structure

5/2/2020
COVID19 has brought to the fore-front the theme of the podcast that I have been hosting for years, and that is the importance of treating your business “like a business” and not like a hobby, regardless of whether you are a full-service salon or a booth renter behind the chair. I’ve always said, If the government treats you like a business, you are a business, and therefore, you should treat yourself like a business. One of the most important decisions you make when starting your business...

Duration:00:04:12

The Latest PPP Loan Update For Booth Renters, Salon Owners Without Employees & Independent Contractors

4/19/2020
On Tuesday, April 14, the Small Business Administration (SBA) issued several important clarifications to its rules regarding the Paycheck Protection Program (PPP) in respect to the following: Website: https://accountants4hairstylists.com/ Instagram: @desarieanderson Facebook: https://www.facebook.com/profitandbeauty/

Duration:00:22:56

How Do I Record Losses For Booth Rent Due To The Closure From COVID19?

4/10/2020
I've been receiving several questions from salon owners asking how they can go about writing off the rent they are not receiving from their booth renters due to COVID19. Rather than answer each person individually, I decided to record a short video explaining how it works. SHOW MORE

Duration:00:03:23

The COVID19 CARES Act & How it Affects Beauty Industry Professionals

4/5/2020
What is the CARES (Coronavirus Aid Relief and Economic Security) Act? The CARES Act is the largest economic stimulus package in the history of the United States. It includes approximately two trillion dollars to help people and businesses impacted by COVID-19. Many beauty professionals are asking “What does this mean for me?” How does the CARES Act impact the beauty industry? The act includes several provisions that impact citizens of the united states, businesses, and business owners...

Duration:00:39:50

My 2 Cents On How To Increase Your Salons Profits

2/9/2020
As a former hairstylist and salon owner, I had to think of creative ways to increase my bottom line. Now, as a consultant to hair professionals, I sometimes have to suggest different ideas on how to increase sales so they can become more profitable. In this podcast, I talk about how I used retail to increase my salon profits.

Duration:00:10:03

1099 Clarification With Desarie Anderson

2/2/2020
With all the misconceptions out there regarding 1099 it is time to set the record straight. This podcast was derived from a Facebook live I did in The Sovereign Stylist FB group. I answered questions that beauty industry professionals had regarding receiving and giving 1099's to a business. Enjoy! Here’s the link to The Sovereign Stylist Facebook Group: https://www.facebook.com/groups/booth... Here is the link to my website https://accountants4hairstylists.com/

Duration:00:47:02

2020 Important Tax Due Dates

1/30/2020
This weeks podcast talks about some of the important 2020 tax due dates. Feel free to reach out to me via email if you have any basic questions. desarie@andersonaccounting3.com https://accountants4hairstylists.com/

Duration:00:08:49

QuickBooks Online Accounting Software Options for Beauty Professionals

11/24/2019
QuickBooks Online Accounting Software For Beauty Professionals This Podcast is based on a YouTube video I created where I spoke about the general options beauty industry professionals have when picking QuickBooks online for their bookkeeping needs. The information provided in the video is general enough to help get you started with your decision making. Click this link to purchase any version of QuickBooks Online and QuickBooks Self-employed for 50% of for 6 months....

Duration:00:24:30

How To Calculate Your Quarterly Estimated Tax Payments On Your Own

4/21/2019
This live webinar discussed how to calculate your own quarterly estimated tax payments. Estimated taxes are due each quarter and all self-employed individuals are required to make quarterly payments unless you fall outside of the requirement. I discussed who is required to make quarterly payments and those that are not required to make payments Click the link to access the spreadsheet I created that you can use to calculate your estimated taxes while at the same time recording your income...

Duration:00:48:32

Last Minute Tax Deduction Check List For Hair Stylists & Salon Owners

4/14/2019
Today's podcast was a live recording. Tax day is here and I'm not ready to file my taxes nor do I know how much money to send the IRS with my extension. Let's talk about it. AND Last-Minute Tax Deduction Check List For Hair Stylists & Salon Owners

Duration:00:24:53

3 Painful IRS Penalties & How To Avoid Them

3/31/2019
Today I’ll be taking about three painful IRS penalties and how to avoid them. They are: a. The underpayment penalty b. The failure to pay penalties c. The failure to file penalty If you are interested in attending my webinar on Monday, April 8th click the link to register. How To Calculate Your Quarterly Estimated Taxes On Your Own.

Duration:00:15:20

What Business Owners Need To Know About Self-Employment Tax

3/17/2019
How is self-employment tax calculated? - Most W2 employees don’t realize that their employer matches the 7.65% withheld from their paychecks. As I mentioned earlier, we are all required to pay 15.3% of our gross income into Medicare and social security. W2 employees only pay half of the 15.3% while their employer pays the other half, for a grand total of 15.3%. For those of us that are self-employed, we do not have an employer to pay half of our Medicare and social security payments,...

Duration:00:18:30

4 Common Questions I Get Asked At Tax Time

1/22/2019
Here are 4 common questions I get asked at tax time: I am a business owner, how should I pay myself? As a business owner, do I need to file both a business and a personal tax return? I purchase products and supplies from vendors; do I need to provide them with a 1099 at the end of the year? Who else should I be giving a 1099 to at year end? What if I am not able to get all of my documents together before April 15th, can I file an extension and how does the extension process work?

Duration:00:23:27

Do-it-yourself Bookkeeping Package Giveaway Contest For Booth Renters, & Salon Suite Owners ONLY!!

1/12/2019
In this contest, I will be giving away my Do-it-Yourself bookkeeping package. I will set up your entire bookkeeping system using QuickBooks Self-employed. Once your system is set up, I will provide you with a two-day training to show you how to use QuickBooks Self-employed to do your own bookkeeping. Three months after your training, I will do a free check-in. During the check in, I will perform a deep dive into your books to make sure you are on the right track and that all your...

Duration:00:09:36