Finance

Three Important Reasons to Pay Your Taxes! All salon owners are aware of their obligation to pay taxes. Understandably, it is an expense which can be daunting; however, you always have to remember that you are only matching social security and medicare. The other half,plus the federal taxes were already deducted from your employees pay checks.  (By: Mike Kimble)

Understanding Inventory It all comes down to tracking your inventory. Know what you are selling in order to know how much to purchase and keep the salon/spa inventory at the appropriate level.  (By: Mike Kimble)

What's Your Average Ticket? At KRS Consulting, we constantly analyze sales reports in the hundreds of salons and spas we consult throughout America and Canada. We know that the average ticket can be a lead indicator to the overall scope of your business. When was the last time you took a good look at your salon's or your spa's average ticket?  (By: Gavin Salsbery)

QuickBooks: Are you ready? Just about everybody has heard of the QuickBooks program. It is a simple accounting program that can help organize a business with very little effort. So, why doesn’t every small business use the software?  (By: Mike Kimble)

The Importance of the Right Credit Card Processor for Your Salon Credit card processing is one of those often misunderstood and/or overlooked arenas which can fluctuate wildly in expense, quality and service from vendor to vendor. Does the very concept of credit card processing make your eyes glaze over and start to roll back into your head? Snap to, because even the most creative artist among us should recognize that success depends on forging smart business relationships whenever and wherever possible.  (By: Integrity Payment Systems)

Easy and Affordable Capital working with a company that understands your business. Quest Resources offers flexible financing solutions designed to meet the unique needs of salon owners. Their industry focus and extensive experience in equipment leasing have enabled them to develop programs specifically for the salon industry. Quest Resources offers both traditional equipment leasing as well as equipment finance agreements, and provides you with the options you need to acquire your equipment easily and affordably.  (By: Quest Resources)

The Truth About Tips Tipping is a big part of the salon and spa industry, and the IRS knows this! The IRS also believes that a large portion of this tip income is underreported. Arm yourself with the facts to avoid costly problems down the road.  (By: Mike Kimble)

Make Your Dreams Reality With Financing From Quest Resources The KRS Consulting Group and Quest Resources have come together to offer you convenient financing for your dream salon or spa.  (By: Bob Dolan)

Credit Card Processing – Pricing Secrets Revealed! As a salon owner, have you ever been surprised at how much it cost you to process credit cards? Have you ever switched processors to get a lower rate, only to find out that you didn’t save any money? What you don’t know can cost you a lot of time and money, so here are some important insights for anyone who accepts credit cards or anyone who is considering it.  (By: Integrity Payment Systems)

Profit and Loss Statements vs. Real Cash Flow Profit or Loss Have you ever looked at your profit and loss statement and wondered why your business showed a profit but your bank account did not? This puzzling phenomenon is almost always due to items that flow through your balance sheet. The balance sheet is the p  (By: Mike Kimble)