10-Minute Guide: What the New Tax Bill Means for Your Salon Business

While the bill hasn’t passed the Senate yet, Chris highlights the major provisions salon owners should be aware of  including potential tax-free tips for employees and a new tip credit available to salons for the first time. He also touches on changes to bonus depreciation, 1099 rules, SALT deductions, and the Employee Retention Credit (ERC). Stay tuned for updates as the bill moves forward!