Possible Tax Relief for Spas
One of my biggest pet peeves as a spa owner was having to pay income taxes on the check and credit card tips tips my service providers received. The idea that their tips - which they got 100% of - actually cost me money in terms of credit card fees and payroll taxes seemed ridiculous and downright unfair.
But now there is a proposed bill in the US Senate that would give tax relief to spas in terms of the tips collected for service providers. I am THRILLED to share this news with you via Skin Inc magazine's recent press of the issue. Click here to read the article.
But now there is a proposed bill in the US Senate that would give tax relief to spas in terms of the tips collected for service providers. I am THRILLED to share this news with you via Skin Inc magazine's recent press of the issue. Click here to read the article. A quote from the article: The Professional Beauty Association (PBA), a long-time advocate for this legislation, applauds the efforts of Senators Snowe and Landrieu and feels this bill is a strong show of support for hardworking small business owners and employees across America.
"Small businesses are the backbone of America's economy and the salon industry is a critical party of that sector," states Steve Sleeper, PBA's executive director. "Passage of this legislation would allow salon owners to keep more of what they earn and continue to invest in their businesses."
If you are like me and really want to see this measure passed, please do your part. Contact your state senators and representatives to let them know you support the bill. The article suggests that spa and salon owners send a letter asking for their support at www.probeauty.org/fica.







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