BCM Bookkeeping Solutions LLC

Set up your free consult to see how we can help you!

https://calendly.com/bcmbookkeeping/30min

'Tis the season for this repost - this is still a major problem in the salon industry.

One thing we come across a lot in the salon industry is a discrepancy in how to pay stylists. (There's no such thing as a "1099 commissioned employee".)

We see a number of stylists who are being given hours, set pricing, being treated as an employee (some providing their own color), and being paid a commission with no taxes being withheld - only to receive a 1099 at year end from their salon owner (which can cause the owner to be under investigation for tax evasion and wage theft).

Here are some main points to help you determine the difference between classifications in the beauty industry so you don't inadvertently make a very costly mistake.

Set up a free consult and see how we can help you!

https://calendly.com/bcmbookkeeping/30min

Bookkeeping Short Answers -

The majority of our clients use Quickbooks Online (QBO), with Wave and Xero following. The choice depends on the needs of your business, what you can afford, and what you're comfortable with.

We can help you pick the right platform and correct level for your business.

PA business owners - new report filing requirement -

"Pennsylvania Business Owners: You must file an annual report starting in 2025. Know the requirements and deadlines.

Your filing window is based on your entity type:
• Corporations: Jan. 1 - June 30
• Limited Liability Companies: Jan. 1 - Sept. 30
• All Others: Jan. 1 - Dec. 31

The Department of State will notify entities via email (if provided) and postcard before the deadlines. Be sure your email is up to date."

Here is the link to file and pay the $7 filing fee.
https://www.pa.gov/agencies/dos/programs/business.html