BMC West and Elevate Salon StudiosLet us do your taxes for you
Are you a stylist? A barber? Working in the beauty industry? We can help. BMC West works with beauty professionals who would rather be behind the chair than buried in paperwork.
Taxes are different when you work for yourself
Once you rent a studio or a booth, you are running a business. That usually means reporting your income on your own, paying self-employment tax, and keeping track of expenses that can lower what you owe.
BMC West understands how the beauty industry works, so you get help that fits the way you actually earn.
Common things stylists and barbers ask about
1099 and cash income
Reporting income from clients, card payments, tips and any 1099 forms you receive.
Business expenses
Studio or booth rent, supplies, tools, products, education, license renewals and business mileage.
Estimated taxes
Planning quarterly payments so tax season doesn't come with a surprise bill.
Make tax time easier
- Keep business and personal spending in separate accounts.
- Save receipts for supplies, tools, education and rent.
- Log business miles as you drive, not at the end of the year.
- Set aside part of every week's income for taxes.
Looking for a studio of your own? See Elevate Salon Studios.
Questions
Who is BMC West for?
Stylists, barbers and anyone working in the beauty industry, whether you rent a studio, rent a booth or work on commission.
What should I bring?
Your income records, any 1099 forms, last year's tax return, and records of business expenses like studio rent, supplies, tools, education and mileage.
I rent a studio. Am I self-employed?
In most cases, yes. Stylists who rent a studio or booth usually report their income as a business and pay self-employment tax. BMC West can review your situation.
How do I get started?
Call or text (619) 736-8601 to set up a time.
Let us help you with your taxes
Call or text BMC West at Elevate Salon Studios.