The Hair CEO

Episodes

1. 10

   Ep. 10 - Benefits of an LLC over a Sole Proprietorship, Partnership and C-Corp

   Everyone talks about the benefits of a LLC when you're an independent barber, braider or hair stylist, but do you know why? In this episode I lay out the 3 questions you need to ask yourself when you're just getting started or when you're experiencing some growth as it pertains to business...

   Jan 8, 2022

   17m
2. 9

   Ep. 9 - Interview with the "barber of the athletes" on starting his mobile barbershop during the pandemic

   I had the chance to meet up with the Barber of the Athletes himself (IG: canesbarber) at BuzzBoxx's first annual BuzzBasel as part of the 2021 Art Basel in Miami. Stevie gave me a tour of his luxury barbershop on wheels where you can't help but to feel like you've stepped into something magical...

   Jan 8, 2022

   9m
3. 8

   Ep. 8 - 10 Things Business Owners Need To File Federal Taxes

   For business owners, there are two tax seasons you need to be aware of: 1. The tax payment season (year round) 2. The tax filing season (Feb - April) There are 5 general federal business taxes: 1. Income Tax 2. Self-Employment Tax 3. Estimated Tax 4. Employment Tax 5. Excise Tax In this episode…

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   Dec 21, 2021

   13m
4. 7

   Ep. 7 - How to scale a hair salon using a niche w/ Rhonda - the founder of the Hydra Bar Salon

   In this episode I sit down with Rhonda P., hair stylist and founder of the Hydra Bar Salon where she shares how she scaled her Hydra Bar Salon into the multiple 6-figure salon it is today by specializing in curly hair.

   Dec 10, 2021

   1h 24m
5. 6

   Ep. 6 - Paying estimated taxes quarterly when you're self-employed

   Paying estimated taxes can be a little confusing so I break down exactly how to determine how much you need to pay in Federal taxes quarterly. The example I use takes a barber estimating he'll make $90,000 a year. Step 1: Estimate Self Employment tax Using the example: $90,000 x 92.35% = $87,115...

   Dec 10, 2021

   21m
6. 5

   Ep. 5 - Get clients in and out to increase your profit margins! Interview w/Kmari Aaliyah

   In Episode 5 of Money Savvy CEO, I sit down and talk to commission hair stylist Kmari Aaliyah about how she got into doing hair, time management, and a little bit about what it means to be a business owner behind the chair working in a commission salon. This was my very first interview and the...

   Dec 10, 2021

   28m
7. 4

   Ep. 4 - Is your hair salon assistant a contractor or employee? Avoid misclassification

   If you're a hair stylist with an assistant, you'll want to make sure you're classifying them correctly for whether they're an independent contractor or employee. The IRS looks at three different things to determine whether someone is an employee or not: Behavior Control Financial Control...

   Nov 16, 2021

   16m
8. 3

   Ep. 3 - How self-employed hair professionals can put themselves on payroll - Filing the 2553 Form

   Self-employed hair professionals (barbers, hair stylists, braiders, lash techs, etc.) who want to put themselves on payroll should do it the right way to avoid paying more in taxes. A lot of people just sign-up for a 3rd party payroll service to have their LLC pay them, but unless you request the...

   Nov 9, 2021

   28m
9. 2

   Ep. 2 - Money Hassles being a 1099-Contractor w/ Parris Celestine

   Ep. 2 - Money Hassles being a 1099-Contractor with Parris Celestine - Money Savvy CEO In today's episode I sit down with my cousin Parris as we discuss his love/hate relationship with being a 1099-Contractor for the first time in his life after being a W-2 employee since college.

   Nov 2, 2021

   30m
10. 1

    Ep. 1 - The IRS doesn't care about your LLC; unless you're sitting at the adult table

    The LLC business structure is treated exactly the same as a sole proprietor for tax purposes unless you ask the IRS to tax you differently. In this episode I break down how the IRS collects taxes on LLCs and what adult table you need to sit at to save money on taxes.

    Oct 26, 2021

    11m
11. 3

    I made a ton of money in the hair industry and had nothing to show for it

    I was a serial entrepreneur in the hair industry - importer, distributor, retailer, manufacturer, marketing agency and hair salon owner - but had no clue what I was doing when it came to the money. It wasn't until I tried buying a house that I realized I had been doing everything wrong all along....

    Oct 18, 2021

    13m
12. 2

    Breaking down Federal Taxes for Self Employed Barbers & Stylists

    Have you ever felt confused about Federal Taxes as a self-employed business owner? In this episode, understand the difference between Federal Taxes when you work for someone else vs when you're self-employed and responsible for Federal Taxes on your own. "No one in their right mind likes to pay...

    Oct 16, 2021

    10m
13. 1

    5 Reasons to Separate Business & Personal Funds

    Being told to have a separate business bank account from your personal account is one of the first things you’re ever told when starting a business. And even though everyone’s heard it, not everyone is doing it. I have a self-employed barber I’m working with now who went through my ‘B2P Wealth’...

    Aug 21, 2021

    11m