HIGHLIGHTS • How Big & Beautiful Is the New Bill for Hairdressers? w/ Michelle Cook

Michelle Cook @smallbusinessCPA, an accountant specializing in the beauty industry, discusses the implications of the recently passed Big Beautiful Bill. The conversation covers new tax law changes that will significantly impact hairstylists and salon owners. This Weeks Topics: Tips Deduction: A Game Changer for Beauty Professionals Who Benefits from the Tips Deduction? Cash Tips and Reporting Challenges Organizing Finances: The Importance of a Good System Best Platforms for Beauty Professionals Payroll Tax Credits for Salon Owners FICA Tip Credit: A Permanent Change for the Beauty Industry Bonus Depreciation: A Game Changer for Business Owners Qualified Business Income Deduction Explained Changes to 1099 Reporting Requirements Personal Tax Provisions for Beauty Professionals New Tax Deductions and Credits for 2025 Video versions of our episodes are on our YouTube channel for you to watch! Subscribe to our channel The Hair Game on YouTube and check out 'The Hair Game Podcast' playlist. Our podcast thrives on the opinions of you, the listener... if you have a moment (and you are an Apple user), please leave us a rating & review on the Apple podcasts app or iTunes! Here's what you do: - Scroll down to 'Ratings & Reviews'  - Click on the empty purple stars (5 is the best)!  - Click on 'Write a Review' and let us know what you love most! Each rating & review helps us reach more and more of your fellow hair loves, and our goal is to help as many hairdressers as we can find success. Thanks in advance! FOLLOW US http://www.instagram.com/thehairgamepodcast http://www.instagram.com/salonrepublic http://www.instagram.com/loveerictaylor