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Friday, June 29, 2012

Salon Owners Face Audits


“Our job as owners is to look after the well-being and future of our employees. It elevates the industry and it’s the ethical thing to do.”
It’s not always easy to do the right thing and be compliant with tax laws. But, if you’re passionate about the industry and the future of your employees, you can lead by example.
 “We pay approximately $12,000 - $15,000 in payroll taxes on tip income every year. With the passage of the FICA Tip Tax legislation, this money could be reinvested into our salon and staff,” expressed Kendall.  “The long term benefits of compliance are that we will see our industry grow.”

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