7 Things To Put On Your Year-End Salon Financial Checklist

As a salon, clinic, or spa owner, it can be difficult to navigate the world of tax, especially at year-end, when financial reporting and planning are paramount. To help you streamline the process and reduce this stress,  I’ve created this bite-sized, year-end financial checklist, designed to help you organise your taxes coherently and identify where … Continued

Financial Planning Tips for Your Salon, Spa, or Clinic

Next time you are thinking about planning out the financial future of your salon, spa, or clinic, ask this simple question: Do I earn enough money from my business to live the lifestyle I want and to plan my financial future and retirement?* The Importance of Intentional Financial Planning Planning is often overlooked or done … Continued

Pros And Cons of the Main Salon Pay Structures

Choosing the right business model for your salon or spa can be difficult, as there are just so many options to choose from! Even after deciding on a pay structure that suits your business, navigating your way around paying commission can be confusing. I mean, is there a ‘best way’ of paying staff? If so, what would … Continued

When Is It Financially Viable To Step Out From Behind The Chair?

This question comes up all the time, but because it all depends on where you’re at with your business, no answer will ever fit all situations. If, though, you were to be asked about your desire and plans for stepping out from behind the chair, the answer would probably be something like: “never unless I … Continued

Making Tax Digital: Important Informations For Salons & Spas

If you haven’t heard about Making Tax Digital (or MTD) yet, then it’s time to take notice and get stuck in! More even if you’re VAT registered and over the VAT threshold (currently £85,000), as you will need to comply with it from April 2019 onwards.

7 Tips To Increase Profits In Your Salon Or Spa This Winter

Winter can be one of your busiest times – especially in the run-up to the holiday season. However, it can also mean quiet times when the sales slump in January and February. That’s why in order to increase profits in your salon this winter, now is the time to start planning. To make the most … Continued

A Quickstart Guide To Salon & Spa Business Permits In The UK

If you’re about to open your first salon or spa, you’ve probably scoured the internet for a checklist of things not to forget. Alternatively, perhaps you got help from a friend who owns and runs a salon. Either way, you’ve finally decided to take the plunge. While in the midst of working out business plans, … Continued

11 Ways You Can Raise Money For Your Salon In Ireland

Guest Article by Gloria Murray, Accountant and Director of Murray Associates Accountants It might seem like a good decision to borrow money to fund your new business or expand your existing salon, clinic, or spa. Before you do this, make sure you look at your cashflow. You have to make sure you can make the repayments each … Continued

What Are Salon Cash Flow Projections & How Can They Help?

Salon cash flow predictions. They’re a bit like having a crystal ball: they help you to look into the future and predict if or when you could run out of cash – or even better, have loads of money! For example, imagine it takes four months longer than had planned for you to break even … Continued