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Trend CONNECT

WHAT'S NEW

Trend CONNECT puts ‘what’s new’ together for you when it comes to the season’s most current trend updates in fashion, hair design, make-up, skin care, nails and grooming products. From the runway to the red carpet, Trend CONNECT puts you in touch with what the guest beauty bloggers and fashion influencers know you want to know-and need to know – as they report on what really impacts your world as a stylist, barber, nail artist or consumer. Enjoy the opportunity to talk amongst yourselves in this exciting, upbeat and fresh exchange of details and dialogue!

Category name: Finances

How Venmo’s New Fees Could Affect Your Business

16 August 2021, By Behind the Chair

It’s Gonna Cost You—Venmo Is Changing Their User Agreement! Have you ever used Venmo or another person-to-person cash app to send or receive money? We’re betting you have…but do you use it for business, or pleasure? Here’s the thing: If you’re using Venmo to accept business payments, there are some big changes coming, and they could make things expensive. As...

How Venmo’s New Fees Could Affect Your Business

It’s Gonna Cost You—Venmo Is Changing Their User Agreement!

Have you ever used Venmo or another person-to-person cash app to send or receive money? We’re betting you have…but do you use it for business, or pleasure? Here’s the thing: If you’re using Venmo to accept business payments, there are some big changes coming, and they could make things expensive. As of July 20, 2021, Venmo’s rules on payment for goods and services changed, and financial experts say these changes could hurt small businesses like stylists, nail techs and estheticians. At the very least, you could be paying transaction fees for every service your clients pay for via Venmo. At the worst, your account could be flagged and you could lose transactions entirely.
 
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Business Transactions & Fees On Venmo

Right now, business transactions are supposed to only take place through business Venmo accounts. The Paypal-owned app’s terms of service say that individual users cannot use a personal account for commercial purposes. If you use a personal account for business purposes, you’re at risk of getting your account suspended, or “loss of transaction”—aka, Venmo will literally take that money.   Keep reading on behindthechair.com for everything you need to know about Venmo’s payment policies and how much you’ll be paying per transaction as of July 20.

Behind the Chair

Behind the Chair

BehindtheChair.com is the largest community in the world for salon professionals. Discover the latest how-to education and creative inspiration in one place.

Top Tax Write-Offs Hairstylists Miss

03 May 2021, By Behind the Chair

The deadline to submit your federal tax return as an individual is May 17, 2021. This means there is not much more time to prepare your taxes, so our friends at Behind The Chair shared a few helpful tips to make sure hairstylists and barbers take advantage of as many write-offs as possible! Disclaimer: We are sharing this info to...

Top Tax Write-Offs Hairstylists Miss
The deadline to submit your federal tax return as an individual is May 17, 2021. This means there is not much more time to prepare your taxes, so our friends at Behind The Chair shared a few helpful tips to make sure hairstylists and barbers take advantage of as many write-offs as possible! Disclaimer: We are sharing this info to be helpful, but we are not certified CPAs or tax attorneys. Use this info to discuss and analyze your own tax situation with a professional tax preparer. 

Want all 103 write-offs for stylists, PLUS Behind the Chair's entire guide to taxes for hairdressers and salon owners? Click here to download the 19-page PDF for FREE!

1. Business mileage Top Tax Write Offs Hairstylists Miss - Business Mileage

Using your vehicle to run work-related errands, like buying supplies or driving to classes? You can deduct the mileage at a rate of 56 centers per mile. This also goes for travel to and from clients on location. This deduction applies to small business owners and the self-employed. But remember—you can’t count the miles you drive to and from your salon or suite in mileage. That’s just a regular commute and won’t be a valid deduction.

2. Haircolor

You can deduct the cost of supplies you use in your daily business, as long as you would use those supplies within one year of purchase. So make sure you are keeping careful track of how much color you buy so you can deduct it!

3. Damaged apronsTop Tax Write Offs Hairstylists Miss - Damaged Aprons

Did you know that every time you replace your apron, the cost is a write-off? Yes, you can deduct work clothes, but ONLY if you wouldn’t wear those clothes off the job. That means when the apron you keep hanging at your station is dunzo, you can write off the cost of replacing it.
Get the rest of the write-offs and even MORE tax info:
Download the FREE BTC Guide to Taxes: 19 Pages Of Tax Info For Salon Owners And Stylists: https://behindthechair.com/taxes/

Behind the Chair

Behind the Chair

BehindtheChair.com is the largest community in the world for salon professionals. Discover the latest how-to education and creative inspiration in one place.

Most Important Business Decision – Haircut Price!

08 March 2021, By Ivan Zoot

“Your haircut price is your single most important business decision.”                                     –Ivan Zoot, Author, The Professional Haircutter’s Pricing Playbook How much should I charge for my haircuts? When should I raise my haircut price? How do I raise my haircut price? These questions and many more gnaw at the head and heart of every haircutter! No category of questions is...

Most Important Business Decision – Haircut Price!
Proper Pricing Means Healthy RevenueYour haircut price is your single most important business decision.”                                     --Ivan Zoot, Author, The Professional Haircutter’s Pricing Playbook How much should I charge for my haircuts? When should I raise my haircut price? How do I raise my haircut price? These questions and many more gnaw at the head and heart of every haircutter! No category of questions is asked of me more often. No decision paralyzes haircut professionals more than these seemingly huge and pivotal pricing issues. The good news is that these decisions can be easy to make. The better news is that these decisions, when made, are based on data and math. Relief should come in knowing that when the emotion is removed from the decision-making process, and when best practices based on statistics, tracking and analysis are employed, then pricing and financial decisions become logical, easy and fun! Bottom line, you can make decisions with confidence and clarity. And you can make these decisions in a timely manner to maximize your income and productivity. Pricing PlaybookYour haircut price is your single most important decision! The trajectory of your entire cutting career tracks upward from your initial pricing decision. Start cutting at too low a price and you’ll spend years, maybe decades, trying to catch up! Start out too high, and you’ll add unnecessary years to your client-building efforts. Time is money. The time you save by setting your haircut price properly from the start will add up to years of healthy productivity – and thousands of additional dollars sooner and with less effort. Proper pricing will allow you to live better and retire earlier …  and vastly richer than you otherwise might have! The Professional Haircutter's Pricing PlaybookKnowing when and how to raise your haircut price is a decision second only to the setting of your initial haircut price. Once you know and understand the basic economic principles at play in haircut price increases, you can plug in and play these principles for the balance of your career. Human nature does not change much over an individual lifetime. Economic principles remain constant across all industries, cultures, and environments. Powerful decision-making tools, once learned and implemented, will reap huge rewards throughout your career. My new book, The Professional Haircutter’s Pricing Playbook, sets out to provide the support needed for those important business decisions. In the book, I provide actionable answers to all your haircut pricing questions. The book’s unique working format lets you plug-and-play your pricing numbers, creating custom data and planning that is specific to your unique business. It’s like having your own personal coaching session every time you pick up the book! Get your copy of the new Professional Haircutter’s Pricing Playbook online at ivanzoot.com or amazon.com.  You may also be interested in viewing some of my other educational videos here.  Just Select “Ivan Zoot” in the --Select Educator-- filter box 😊

Ivan Zoot

Ivan Zoot

Ivan Zoot is a licensed barber, licensed cosmetologist, and certified personal fitness trainer. With over 30 years of presentation experience as a trainer, coach, mentor, and educator, Ivan is dedicated to helping salons and barbershop pros build and grow their business. He is widely known and respected for sharing the effective solutions to his question, “Are you ready to become a $100,000 haircutter?” He does this by sharing technical cutting, business building, and career success education at trade shows, events, in books, on video, and at schools and salons. Ivan is the President and CEO of Zootcuts, Inc., and founder of the Zootcuts Family Hair Center in Chicago, a popular community haircut destination delivering over 300 haircuts daily. He is the author of eleven books including the ClipperGuy Says series, Be a $100,000 Haircutter, 100X100, 100 New Haircut Clients in 100 Days, and The Professional Haircutter’s Pricing Playbook. Ivan proudly holds three Guinness World Haircutting Records; World’s Fastest Haircut, Most Haircuts in One Hour, and Most Haircuts in 24 Hours (1998, 2008). The inventor holds patents for unique beauty tools and haircutting techniques and systems, and is also the creator of the Clipper Guy hair care product line, licensed to John Amico Professional Hair Care. Contact:  ivanzoot@yahoo.com; www.ivanzoot.com; @ivanzoot.

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