LivBay Lash Business Tips - Taxes for Lash Artist
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- Опубліковано 30 вер 2024
- LivBay Lash Business Tips - Taxes for Lash Artist
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In this LivBay Lash tutorial, you will learn how to lash business, lash business tips, lash artist business, lash artist taxes, taxes, eyelash business, eyelash extension business, lash industry, lash industry tips, lash business essentials, lash business tutorials, livbay, livbay lashes, lash business start up, how to start a lash business, lash business at home, lash extension business, starting a lash business
Funny that he said “who knows someone will be watching this 3 years later” and here I am 3 years later watching this lol 😂. Y’all bring up the best topics for new lash artists. Thank you both 👏🏼
SAME! I just came here to comment that omg
Yeah fr that was crazy he was on the money like that 😂
This is an AMAZING video!! I worked in banking for 7+ years and now transitioning to the beauty industry it is imperative that more people in this industry get educated. I always try to give everyone my advice because working from a lenders point of view, whether personal or business, it is crucial to have your numbers on point and accurate. So many people get shut down for not having proof of income even if their savings is $50k. Bank won’t lend. Thank you 🙏🏻
Whoa thanks chica! What is your business handle? Mine is _houseofnirvana
Yes it’s so important!! ❤️
Wow this is a topic nobody talks about! Thanks for addressing this although I feel many artists are getting paid under the table in cash
You are so welcome; we are glad to shed some light on the subject 💕
Good stuff! I'm actually learning this now. I've only been in business for a year and had to file taxes for my lash business.
Q Henry Hope we were able to answer some questions or give some insight ❤️
Such a great topic that isn't discussed enough! That's what I love about LivBay. Sharing knowledge that can help all of us. Knowing is half the battle!
Beth Rebamontan we’re glad you enjoyed this, and we’re so happy to help 💕
Hahaha! You said ‘it could be 3 years from now’ and I’m watching it literally 3 years from the video 😂
I’m just now seeing this 3 years later so it’s hilarious that he said “it could be 3 years from now” 😂
Thank you so much for this information. I plan to open up a salon suite soon and I am trying to take care of the business part first. I have no clue what I am doing. I plan on opening up a business account but of course I still need to get supplies for my suite. Can I use my personal account to buy the supplies and keep the receipts to write it off or does it have to come from my business bank account for me in order to write it off?
Literally watching this 3 years later 😂 thats funny.
I just got a business bank account and they require a EIN number at Chase Banking. I'm assuming some banks don't require it but just a heads up.
Veronika Lopez most are requiring it now 💕
@@LivBayLash ok good to know. isnt it your ss
Tracina Townson if you don’t have an EIN # then you can use your SSN, but for a business account most banks want an EIN # even if you are a sole proprietorship. 💕
Watching this on a Friday lol!
Good information thank you 💙
Amazing video!!! I always learn so much from you two 💕 I'd love to know the difference between hiring independent contractors vs. Paying hourly or renting rooms/beds. This question pops up in my head everytime I watch these videos as I am hoping to be running a salon in the next year or 2. Love you guys 💗
Amanda Salikin I believe we’ve lightly touch on that in a few videos. We will definitely keep that in mind about going over the differences. Thank you for all the support ❤️
It is 3 years later on a Monday tho haha
Me watching this 3 years from it being posted on a Friday 👀
we love this!! Heyyyy boo
Crazy that he said you can watch it and it be 3 years from now and it is!!!! Great video
Yesss absolutely! Thank you for watching!
this is a GREAT video - the basics are so necessary! Can you link or send me your accountant info I'd love to support him as i open my new biz
Wow this is literally so helpful
And yeah no one talks about the real financial issues as a lash artist.
Like how to charge $300
Vs 120
😂😂 I'm literally watching this 3 years later and it is still relevance as a up-and-coming esthetician slash nail tech you guys are saving my life
Such a great video, I been stuck on some questions and y’all answered them all🤍
Love y’all content
Glad we were able to answer your questions ❤️
2 years lol
What a great video! Thank you for covering this topic as it is rarely discussed. Taking 30% of earning will definitely save you when it’s time to file taxes! 💖
Lauren Byrd yes it will, we’re glad we could help ❤️
So grateful for this video! Just love you two. Is your CPA accepting new clients?
when do you recommend to start filing taxes with your business ? Let’s say you just started and you are barley making anymore do you think it’s best to wait until you make a little more or just start doing everything from the very beginning
I honestly recommend start off right away so you get in good habits ❤️
Such amazing content. I’d like to start but I don’t know where. How can I find a reputable CPA that won’t scam me ?
Referrals are always best! I would ask around 💗💗💗
Omg ! I just did my LLC and was totally confused about taxes and here a video 😩 y’all the BEST 💗
Keiasia Deshannon You are so welcome glad this came at the right time for you ❤️
Quiquestion here, some of my supplies are from Amazon. They don't give receipts. How do i prove my business buys on amazon?
You can get a print out of all your orders 😀
Yes!! I was just asking other lash artists on how this goes so thank you for making a whole video 💕
malynnaalysiah Glad it helped ❤️
Thank you guys so much for sharing your advice I loved it and this will help so much💓😍
Julissa Jacinto Youre welcome 💕
Thanks for this!
My pleasure!
Always helping the lash community you Guys always giving back what Blessing to have you in the industry
Heydi Hernández a thank you for that ❤️
If I have a cosmetology license is that the type of business licenses I should get? Also what type of insurance should I looked to purchase?
friggin love you guys! Amazing video nobody talks about this stuff!!! xoxo
This is all such great info, can’t even tell u guys how much i loved the vid!! Thanks a bunch 🤩
Victoria Huizar Im so glad you loved this and we hope it helps ❤️
Can you do a video on believing in your business when no one else does as a beginner?
We kinda just did that video 😍🥰😍
Amazing content, thank you!
Danielle Frentescu you’re so welcome ❤️
You are a Godsend! Bless your heart!!!!!! Thhhaaaannnkkkkk yyyoooouuuuuu
what's your cpas contact?
Retii Oky Gross & Company. His name Robert Gross. (216) 571-0202. Just let him know Mike & Shauna referred you. He specializes in self employed esthetician’s and cosmo’s
Hb the lash artist who put in their booking “zelle deposit” then bring the remainder in cash only 😩 they do it every where now
I learned more from this video than I did in my whole high school career
Zinfanbel lol high school teaches you nothing on this subject 🤣
Quality content! Shauna & Mike always out here teaching us things we want and need to know!
❤️❤️❤️
Its a year later but still friday ahah
Absolutely loved this! The "secret" finance side is my favourite and the part I am most concerned about!
💗💗💗
For the last couple of years I’ve been only able to afford one pair of shoes for work and I didn’t even know I could have put it on my taxes. I wish I knew before hand and maybe then I would have been able to get two pairs. But I usually can only afford one pair of shoes and I wear them until they fall apart and then I buy new ones.
Awe, keep working hard and you'll get there! Stay strong love! 💗💗
Thank you for this video!!!! It’s extremely helpful!
You're welcome babe. Thank you for watching 👀 🙏 ❤
Thank you! Holy frick thanks
Thank you for watching (:
Great info!! Thank you guys!!!
Alissa Laye You are very welcome ❤️
Woah 😳 watching this 8 months later 😅 but this is some freaking good information and something I’ve never thought of! Thank y’all ❤️
Thanks love 💗
What if your a salon employee but you get paid by commission and get a 1099 at the end of the year, how would you do your taxes to try save as much as possible?
yanet leal you would be considered an independent contractor! Keep reciepts & purchases for your business with help you save at the end of the year!
Im an upcoming lash tech and i have to say your videos are THE BEST. Im always going to you guys for any advice and tips i need. Thank you for always caring!!!😍
MariLeanna awe! Thank you so much for the kind words. Glad you are getting such great value from our channel. 💕
Thank you for the information! Even a little is a lot👌🏻
💜💜💜
Sorry and maybe this question is stupid, but my algebra teacher would always say ask the question cuz I bet 10 more people have it too lol so about the virtual classes I get we are going to see y’all like we are there but how will y’all see us? Like how would we see our hands and tools cause we would take that off to do so? And how will you judge the work I’m doing ? Sorry idk if u get what I’m saying
Lizbeth Molina so the VR part is just learning, you will just be watching the trainers and then we will move into a zoom portion where we can see you and you can see the trainers and you’ll be able to ask questions show your work and all of that good stuff ❤️
LivBay Lash oh ok, thank you for answering
oh man yeah I got SLAPPED by taxes this year 🤣 SAVE SAVE SAVE YALL
Rio Knudsen yesssss girl lol
I really love your videos and appreciate the content you guys put out for all of us lash techs to gain knowledge from. However I have a question as in when is a lash tech an employee (w2) or an independent contractor(1099)? if they work in your business, you pay overhead costs and inventory, they work whatever hours they want, but if they have signed a non compete does that consider them as an employee since they are exclusively working for you?
Elizabeth Carrasco Our lash artists are 1099 employees, they do sign a non compete but it’s basically stating if they leave they can’t take our clients. We don’t hold anyone with us who wants to leave and branch out. If they choose to leave they have the freedom to do so 😊
Very helpful. Thank you. I'll be looking for a CPA cuz I don't know what the heck to do come tax time 🤣
Bee Charles yes, it’ll ease your mind having a CPA helping you with your taxes 🙌🏻❤️
This is incredible!! So much value!! Thank you for being willing to share the unsexy things 😉
Appreciate you watching!
Tha k you for this! I swear I can never go wrong with watching your videos! Thank you for sharing this knowledge with us I am learning so much !
Alejandra Gallardo you are so welcome ❤️
Question : do we do a 1099 or a w2? I'm an esthetician and lash tech independent contractor
phuong nguyen if you’re an independent contractor you will be a 1099
This is such a great video I took notes and everything my only question is What do you mean when at 17:37 when you said that you won’t be able to qualify to buy anything If you write everything offf ? earlier in the video you said that people try to write off the most they can to pay less taxes. Is it okay to write things off or no ? I’m barley going to start my business and I want to do things 100 % right. And I also want to say thank you so much for this video I’ve been looking for videos that talk about lash taxes specifically and you covered all my concerns
I would just double check all the things you are able to write off. Some write offs have changed ❤️
Also if you write everything off then so you aren’t paying much in taxes your income will be too low to qualify for a loan or good place to rent or buy.
Great video nobody talks about taxes. Which is so important to know when having a business.
Shantel Mann Glad you enjoyed ❤️
You both are so amazing for making this video!! It helped so much!
Thank you love 😍😍
You guys are awesome 😎
Anissa Ayala Thank you 🤍
Can we write off lash trainings we take for our business? How can we show proof if it was paid in cash?
Do u have a receipt?
Receipts 💗
Thank you for this valuable information
Yess, thank you!!! 💗💗💗
Great video! How much would you recommend setting aside per client in order to pay for taxes at the end of the year?
It really depends on your states percentage.
This is the BEST FREE INFO EVER!!! Thank you 🤩🙌💓
Janesa B You are so welcome
Thank you so much for this advice, I love how humble you are 💕
Awe, thank you babe! 💜💜💜
So much good information
Thank you love!! 😊
I've been completely lost on how to even start taxes! Thank you sooo much for all the great info!
kristinaaliciaa You’re welcome hope this helped ❤️
So it that 20% and 10% per sale or client or per day made?
Kelsey Karns like what you should save?
Thanks so much for this great info! Could you tell us the name of Bob’s CPA company?
Gross and company in Beachwood Ohio. (216) 571-0202
LivBay Lash Thank you so much!
Really good stuff! I need more of these types of videos!
Thank you babe! We will keep them coming!! 😍🥰
Always coming through with that good good!!!❤️❤️
Jasmine Ransom 🙌🏻🙌🏻❤️❤️
So informative! Thank you!
You're welcome 😊
yes, because i have no clue 🤣
Nikki Galvez 😂😂😂 it’s okay, hopefully this video helps ❤️
thank you, LivBay. 👏🏼💛✨👍🏼
How does tax work with Venmo payments?
You should be able to pull a transaction history through Venmo.
Will we get a 1099 form? I think that’s what it’s called.
Anissa Ayala I would contact Venmo and see. We stopped using them for payment a while ago so I’m not 100% sure on how they work now. I know a ton of people use them though for transactions 💜
Thank you so much for all the great feedback 💋
Anissa Ayala you’re welcome!
Great info!! Thank you guys! ✨
Khanh La You’re very welcome 💕
Thanks so much for this video!!
Kiara Ochoa of course ❤️
Will the classes be available in the UK?
Tina Vescio yes
Thank you so much ❤
Thank YOU!
Thanks so much 🙌🏼😁💓
Nacielly Hernandez you’re welcome ❤️
I love you guys!! 💋
Vanessa Avila ❤️❤️
H&R block played me for 2 years .
Amanda G Gonzalez Torres Yes they will do that 😩