Making Tax Digital For UK Salons: Helping You Prepare

New rules being introduced by the UK government, under the term ‘Making Tax Digital’, mean that UK-based businesses with a turnover exceeding £85,000 over a period of 12 months – a category which most salons would fall into – will have to keep VAT records in digital format, and do VAT returns using software from … 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.

Failing Salons: 5 Warning Signs & Fixes For Continued Success

It fascinates me when I see two seemingly identical businesses in completely different financial positions. While one flourishes, the other flounders. Oftentimes, a little probing into failing salons will reveal that the differences come down to the systems and processes in place. Fortunately, when things start going wrong, there are warning signs that every salon, clinic & … Continued

The Importance & Benefits Of Having A Salon/Spa Business Plan

It’s one thing to dream about owning your own business, but converting those dreams into reality takes careful research and planning. Underestimate the costs of running a business, and there will be no profit left. A salon/spa business plan helps to clarify your thoughts and ideas and can act as working document that you refer … 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

What You Need To Know Before Buying An Existing Salon

If you have even the slightest bit of entrepreneurship in you, it is very likely that there will be a time in your hairdresser, stylist or beauty therapist career where you think: “Right, it’s time. I’m ready to run my salon (or spa!).” From there you might decide that opening a salon, clinic, or spa … Continued

How To Get The Most Out Of Your Salon Vouchers

Do you sell vouchers in your salon? If you don’t, you’re missing out on a good way to bring in revenue for your business without depending on the number of slots you have available in any given week. Plus, salon vouchers act as a handy marketing tool for adding value and saying thank you. In saying … Continued

The True Costs Of Opening A Salon That Will Thrive

Opening a salon is exciting – especially if it’s your first – but it’s important to get it right from the very start. I’ve seen too many salons open up and be out of business within six months to a year because they hadn’t thought it through. It’s not enough to tell the world the … Continued