Who must pay self-employment tax - As business owners or independent contractors, by law, we are all required to fork over 15.3% of our gross income to cover our future social security and Medicare payments for when we retire.
If you have ever wondered what you need to do or what you need to know in order to start your own hair product or cosmetic line, you should definitely listen to this week's episode where I speak with Margaret Haven of Haven Research Center.
On today's show, I decided to repurpose a webinar that I did a few months ago. The webinar discusses things you need to know if you are planning to start your own business. It also covers information for those of you that already own a salon but still need ideas on what to put in place so your business can grow.
Today’s topic is definitely a reflection of today’s mobile and sharing economy. Gone are the days where we told that there is only one path to success. With the creation of companies like Uber, Lyft, Airbnb, and several beauty business apps, beauty professionals now have options and can pick and choose how and when they want to work.