Find an accountant and decide what functions you want him/her to perform.

Hire An Accountant

You will need an accountant to help you determine if you are earning money, to help you control expenses, to file and pay your taxes, to manage your payroll if you have employees. You must decide how much of the bookkeeping work you plan to do yourself and how much you plan to pay someone to do. At what point will you turn the dailey records over to your accountant? How often will you meet? This is your decision. there is no right or wrong. You will also have to decide how computerized you want your business. There are a number of good programs geared specifically for beauty and nail salons. You do not have to have any programing skills to use these programs.

Below are questions to answer. Think about them and we will discuss on Friday:

• Will the people who work for you be independent contractors or em,ployees? (There are a few states that do not permit booth rental or independent contractors.) It is also [ossible to have a combination of both.
• Do you plan to emphasize retail?
• Do you plan to run a sole propriertship, a partnership or corporation?
• Do you as the owner plan to actually take clients or do you just plan to manage?
• Do you plan to hire an in-house business manager, receptionist or combination of both?

Seasonal Tip--Plan to offer free to "good customers" a free styling of their "HalloweenWig" for the big party. 10 to 15 minutes of your time could create good will and good publicity.