Wheres my refund will fund your hair business in Atlanta

Wheres my refund will fund your hair business in Atlanta

Jan 8, 2020 | USA

Wheres my refund

Keep an eye on the wheres my refund page of the IRS to know when you will receive the refund on your bank account. Avoid you consume the refund instead of investing in the start of your hair business in Atlanta.

Cash is very important to start and grown your hair business. It’s the beginning of the year and use the time before you get the refund well. Before you check the wheres my refund page of the government, make sure you have done all the preparation needed to start your business.

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Find your hair clients in Atlanta

It all starts to find people with hair needs, this can be women or men. Avoid thinking you know what others need, or you have the best solution in town. Go outside first, visit the salon and get the finest hair style one can get. Talk with the lady sitting next to you and ask her about hair and extensions. Get in the mood and collect some insight in the hair needs and challenges. Do not forget to involve the hairdresser also in the conversation. She or he can tell you about the hair experiences of many of their customers. Listen well en make sure you find a place to note all this info.

Next you visit the mall and start the conversation again with the women you see and who could be your future client. Women with a bad hair day, or women with high interest in your hair style. Use the eye contact to start the conversation and let them tell you about their experience, needs and problems with hair.

Do not forget to get the contact details from all these nice ladies, and the men you speak. You must be able to contact them as soon as you are in business! They can become your first client.

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Visit Your Competitors in Atlanta

Do only visit the wheres my refund page after you have also visited the competition in Atlanta. Who else is selling hair, there are plenty of online or brick and mortar stores? If it is a rainy day, browse the internet and search for “hair extensions Atlanta”, or “weaves and braids Atlanta”. Check the online stores and write down your observations. Make a distinguish between the marketing and the products. If the sun is shining, you can also drop by some stores in the mall or street.

Marketing of hair stores in Atlanta

Marketing is everything that has the purpose to bring the product, the hair extensions, weaves or bundle deal under the attention of the customer. She should not only be able to see the hair you are selling; the conditions should also be in line with her expectations. Is the price right, what about the package, what is the story behind the hair? Who else is buying this hair?

Remember, you are not selling a bundle of hair, you are selling an experience. The marketing is a vital part of selling the experience.

How does the competition market the hair? What do you like or what would you do different based upon the feedback you received from the housewives of Atlanta?

What if you make a nice story about your survey and share this with the people who helped you to understand the hair needs in Atlanta? This will make sure the contact between you and them stays warm.

Hair Extensions offered in Atlanta

Okay, finally we will take a deep dive into the hair. Check the quality of the hair, or by yourself or by reading the reviews on the social media or yelp. See if you can test the hair. Every time again, take into mind the needs the ladies from Atlanta told you about. Where they disappointed in the hair and why. Will this hair have the same frustration, or will it be the perfect fit for your ideal client?

Now check wheres my refund

Now you know and understand the needs of your ideal clients, the people you are going to solve all the hair needs for. You know how to market the hair and to tell the experience and you know what kind of hair you must buy. You are ready to start selling hair in Atlanta. Time to check the wheres my refund page of the government. When will you get your refund? This will allow you to invest in the hair your ideal client is waiting for.

Now you can also contact them again and congratulate them with the tax refund they possible received or will receive soon. Point them to the wheres my refund page of the IRS and share with them a nice offer if they want to buy from you with their tax money!

You can also open an online store to showcase the products you are going to offer. Your ideal client has the money on her bank account now and you want to be sure she thinks of your hair first!

Do I have to get a certificate of Authority to sell hair in ny

Do I have to get a certificate of Authority to sell hair in ny

Oct 12, 2019 | Prepare for the Launch

Home 9 Tag: tax

Certificate of Authority needed if selling hair online?

In New York State anybody that sell, tangible. That is stuff you can keep in your arms. Or services, things you do for others, like washing their hair, need a Sales Tax Vendor Registration or Certificate of Authority.

Today, Kerona asked me the question, if she had to get a certificate of Authority if selling hair online in New York?

Obligations as seller of hair

The certificate allows you as a hair business, to collect sales tax on taxable sales. But take care, at the end of the tax period you have to pay the sales tax to the Tax Authorities. My recommendation is to open a separate bank account to keep the received sales tax. Avoid using the Sales tax received for other purposes.

Make sure your bookkeeping keeps tracks of all purchases and sales. I also advice you open an online service account. This allows you to file your tax return in time. It will also provide you the necessary insight and information in time.

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Tax Forms and Filing Information

If your hair and beauty business is registered as a Sales Tax vendor, you need a Certificate of Authority from the New York State Department of Taxation and Finance. This certificate gives you the authority to collect the required sales and use taxes.

The difference between the Sales Tax and Use Tax is:
Sales Tax
– applies to retail sales of certain tangible personal property and services.
Use Tax
– applies if you buy tangible personal property and services outside the state and use it within New York State.

If you make taxable sales, before you receive the Certificate of Authority, your business may be subject to penalties.

Thanks Kerona!

Kerona was very right to ask the question, because if you sell any product and you fail to register you might end up with substantial penalties.

There is no difference made between selling online or through a brick and mortar store.
But what does matter is if you offer services or sell goods.

There is also a difference between New York City and New York State tax. For example:
Beautician services, barbering, and hair restoring are subject only to New York City sales tax, so no State Tax.

Do not let the Tax hurt your business

Always check with a local tax advisor, or the tax authorities your rights and obligations. Legislation and rulings and tariffs are bound to change over time.

For more information visit : https://www1.nyc.gov/nycbusiness/

UK Hair Extensions seller benefit from the Brexit

by | June 24, 2016 | United Kingdom | 0 Comments

Benefit from the Brexit as UK hair Extensions Seller and do not only protect and grow your UK based business, but attract a complete new internationally customer base!

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Offer Vietnamese cold fusion to sell your Brazilian hair

by | May 7, 2016 | Sell Online | 0 Comments

To catch the attention of more people looking for hair extensions do not offer everything but enter the hair extensions market with a very specific procuct, like Vietnamese Cold Fusion. You get more visitors, more happy clients and more sales, even more sales of other products you offer.

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How to have enough hair at hand but at limited hair inventory

by | November 17, 2015 | Inventory | 2 Comments

A shop full of hair extensions, different textures, different lengths and everything available that’s what most of your clients are looking for. But how much money can you afford to keep all this stock in the house? And what if it takes a long time before your 24 and taller lengths are sold. You can´t spend money that is invested in stock.

So what would be the right balance between an inventory at hand that you can use to satisfy the needs of your clients at the moment they want to buy and a limited amount invested in your stock.

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Importing hair from China to South Africa

Importing hair from China to South Africa

Sep 5, 2019 | South Africa

Home 9 Tag: tax
To sell your hair at the right price to make a nice profit, most likely you will search for a hair manufacturer in China. Chinese Hair manufacturers offer a great variety of hair at very attractive prices. Importing hair from China to South Africa will lead to a payment of import duties. These duties will increase the cost of the hair. This article will inform you on how to deal with these duties when you are importing hair from china to south Africa and what you can do to lower these duties to the lowest level possible.
Avoid Import Duties
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Common procedure when you are importing hair from China to South Africa

You can import Hair products using various modes of transport, like air, sea, road, rail and post. This means if your Chinese Supplier ships the hair by DHL or Fedex, you can expect to pay import duties. The importer, you, must declare to Customs what hair they have brought into South Africa and by what means of transport. If the hair arrives in South Africa via the post, a different process is followed.

The South African Customs Administration will check the declaration of the hair against the documents produced. Think of an invoice from the Chinese Supplier or a bill of lading and certificates of origin. The certificate’s of origin are important for the tariff. The administration can exam the goods if necessary and collect duties and value Added Tax (VAT). They can also ask you for additional information.

What is the value of the hair?

If you are importing hair from China to South Africa, the Chinese supplier will have to make up an invoice. The value on this invoice, for the hair purchased, is one, but not the only, valuation the customs will use to calculate the import duties.
Customs has to follow six methods of valuation which must be applied in strict hierarchical order. Thus, if the transaction value cannot be ascertained in terms of method 1, method 2 must be tried, and so on.
The methods, in order of precedence, are:
1. The transaction value of the hair, i.e. the price actually paid or payable (invoice)
2. The transaction value of identical goods
3. The transaction value of similar goods
4. The “deductive” method (where the customs value is derived from the selling price of the imported goods in the Republic)
5. The “computed” method (where the value is derived from the built-up cost of the imported goods);
6. The so-called “fall back” method, being one of the other five methods applied more flexibly.
The price on the invoice must be based on the actual value of the hair.

What should be the price on the invoice?

In doubt the price paid, or invoiced, for the hair is correct, for example too low, the customs have the obligation to check the prices of the same hair products imported before. If all requirements are full filled, method 1, or the transaction value method will be used.
The invoice must enable the customs to determine the:
• actual amounts paid for the service or goods;
• role and function of the parties involved (importer, middleman, manufacturer and supplier) and
• actual services performed or paid for

What if you agree with the Chinese Supplier to write down a lower price?

If you would ask the Chinese Supplier to write the lowest possible price on the invoice, and pay in a separate payment process another, most likely higher price, there is a chance customs will value the goods at a higher price.
To find the value they have the other alternative valuation methods as mentioned. But once they decided to use another method, They can not go back to a previous valuation method in case this value is lower.

Receiving hair in the post

If you are importing hair from China to South Africa by mail, it will be most likely registered mail. This will allow you to use a track and trace system.

What if you buy from a marketplace like Amazon?

Chinese Hair suppliers are active on Amazon and Aliexpress too. You don’t have to register as an importer if you buy from Amazon or Aliexpress if you meet the following conditions.

• You are allowed only three transactions (of less than R50 000 each) during any calendar year;
• You are only allowed to import goods for home consumption or personal use, not for resale or any other business;
• You must be located in South Africa;
• Your identity number/ Passport number or taxpayer reference number must be entered in the field provided in the declaration form.
Should the purchase falls outside these limitations, you will have to register and obtain an importer or exporter code.

What if you claim the purchase is a gift?

You can twice a calendar year receive a free gift. The gift should come from a person from flesh and blood and given to another person.
The value should not exceed R 1 400 per gift and should not be expected by the receiver.

Record keeping

If you import hair by post you must keep the following for record purposes for a period of five years:
Books, accounts and documents in respect of all transactions relating to the Rules for the purpose of any acquittal procedure; and
Any data related to such documents created by means of a computer.
The five year period is calculated from the end of the calendar year in which the document was created, lodged or required.

You can find the offices of Customs on the website or call the SARS Contact Centre on 0800 00 7277.

Who is cutting a big part of all your extensions, let’s talk about self employment tax

Who is cutting a big part of all your extensions, let’s talk about self employment tax

May 7, 2016 | USA

Home 9 Tag: tax

What self employment tax you pay for your hair store ?

The self employment tax you pay as Self Employed consist of Medicare and Social Security taxes. If you are considered as a Self Employed business owner you must pay at least 15.3 percent of your earnings to cover these obligations. This is because you have no employer to withhold a portion of self employment tax.

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Would you agree somebody to cut all your hair extensions smaller? If not, consider to protect yourself.

Reduce Self Employment Taxes with a Corporation or LLC

In general, if you are the proprietor or partners you usually pay periodic self employment taxes on your share of the company’s profits. However, the United States Internal Revenue Service (IRS) taxes employees of corporations and Limited Liability Companies, taxed as corporations, differently.
A corporation pays its share of employment taxes and withholds certain required income and employment taxes from employees’ salaries. Corporations and their workers pay these taxes only on the reasonable salaries paid to employees, not on the total profits of the corporation. Executed properly, this strategy may reduce self employment taxes.

How to save Self Employment Tax

Savannah , a sole proprietor of Hair Extensions USA, has a net income of $60,000. She pays, $60,000 x 15.3% = $9,180, in self-employment taxes.
Now Savannah forms a corporation. SHe pays herself a reasonable salary of $40,000 and leaves the other $20,000 in the business for future expansion. She pays Social Security and Medicare taxes (self employment tax) only on her salary, $40,000 x 15.3% = $6,120
By incorporating, Savannah saves $3,060 in self-employment tax.
Remember, the IRS still taxes profits not deducted as salaries at corporate tax rates. Your accountant can help you determine a strategy that will result in the greatest overall tax savings for your business.

How To Sell Hair Extensions does not offer tax advice or assistance please consult your tax adviser for specific guidance regarding tax benefits specific to your hair business.

If you want to start now with your own hair extensions store, benefit from our Hair Business Templates with many extra’s!

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My Hair Extensions LLC

My Hair Extensions LLC

May 6, 2016 | I want to start

Home 9 Tag: tax

LLC or other legal structure?

If you start a new hair extensions business, this means more than just finding a hair supplier and sell to your clients. It also entails dealing with various amounts of paperwork and compliance at the state, federal and local levels. On top of that, it is good to be prepared if your business grows from home based to a greater and more complex enterprise. It’s time to consider the incorporation of a LLC.

To help you to protect your business and personal affairs, as from the beginning of this new venture, we share with a small checklist. This checklist is initially valid for US citizens, who think of an LLC, but can also be of great help for hair extensions business owners in other countries.

Checklist

1. Write a hair extensions business plan. Form goals and objectives for your hair extensions store. Start with a detailed outline of what you plan to accomplish, the market you want to focus on, the extensions you want to sell and how you make your money.

2. Think of the legal business structure. Setting your company up as a corporation or LLC are popular entity structures for many small businesses. An LLC protects owners’ personal assets from business debts and liabilities. Additionally, incorporating an LLC can provide credibility and tax benefits. If you are not sure what legal structure fits best, go to the special Wizard

https://www.udemy.com/course/how-to-create-an-llc/

3. Obtain start-up capital. Whether you use your own savings or obtain loans, starting a business requires money, to find suppliers, to buy hair, to setup a web store or to market your business. The loan process can take months to check off your business start-up checklist, so start early. Lenders often request a completed business plan prior to approval of funding.

4. Obtain a Federal Employer Identification Number. Otherwise known as an EIN, Incorporated businesses that hire employees must have one of these. They are issued by the IRS or tax authorities.

5.Satisfy business licensing requirements. Most state, county, and local governments require businesses to obtain licensing before they begin to operate.

6.Get a website. A website is an essential item to complete on your small business start-up checklist in today’s business world of internet searches and social media. Register a URL that is memorable and relevant to your company and/or industry. Not having an effective website eliminates opportunities for new customers and potential profit.

7.Develop business collateral. Businesses use customized letterhead, cards, and forms with their company name and legal form (LLC), logo and website for marketing and credibility.

Would You Like to Make $ 30.000/month for Only $ 29/month?

Yes
8.Open a bank account and merchant account. To protect their corporate or LLC veil, businesses must maintain separate business and personal accounts and records. Establish a separate business bank account so that your personal assets are not co-mingled with business funds. Banks may also require an Employer Identification Number (EIN) in order to open a business checking account.

9.Identify where to get help. Know where and when to seek advice from other sources, such as attorneys and accountants or marketing experts, to assist you with specific questions about your business. Establish a board of advisors or mentors to help you along the way. This is one most entrepreneurs tend to leave off their new business checklist. You can use the experience of HowToSellHairExtensions to get your own mentor.

10.Follow government rules. Operating a business means satisfying ongoing government and legal requirements to maintain the company’s good standing.

What else to think about before you start selling hair

The Company Corporation provides small businesses incorporation & LLC formation services

We found 10 other things to think about, to make the launch, growth and future of your business and personal wealth a success.

1. Appoint a Registered Agent. Businesses must maintain an address for service of process where legal documents can be received.

2.Satisfy insurance requirements. Incorporating or forming an LLC does not provide your hair store with business insurance. Most companies obtain general business insurance from an insurance provider. Corporations and LLC s that hire employees also typically obtain unemployment and workers compensation insurance.

3.Complete additional filings as needed. Companies that expand to do business outside their original state of incorporation or LLC formation generally register in those additional states. Amendments can also be filed if the information listed on the formation document, like the legal name of the company or address, changes.

4.Register “Doing Business As” names. Will your corporation or LLC do business under a name other than its legal name filed with the Secretary of State? If so, it must file a DBA (Doing Business As) name.

5.Protect your company’s name. Businesses file names on a per-state basis, so other companies may be using the same or a similar name in other states. Conducting a trademark search ensures that your unique company name isn’t already in use. Make sure to perform this check before you claim a domain name for your website.

6.Draft internal documents for the business. Corporations are governed by their internal bylaws, whereas LLCs are governed by an operating agreement.

7.Establish a business presence. Identify a location for the business and establish a business address.

8.Establish proper accounting procedures. Paying your taxes is only part of the picture when it comes to setting up your business. Whether you need help setting up your chart of accounts, have questions about completing a specific tax form, or need answers to tax questions be sure to get an Advisor.

9.Get a business credit card. A business credit card helps separate your professional and personal expenses and can help you protect your personal assets from business liabilities.

10.Get started. Schedule an opening day for your business and let us know so we can tell the world. Giving yourself a goal helps keep things on track and can increase your productivity.

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by | December 7, 2017 | Find Clients | 0 Comments

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