Accounting and taxes for self-employed estheticians

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Accounting and taxes for self-employed estheticians, nail techs, lash techs and more

Tax time can be stressful.

Especially if you are in your first year of business. If this part of your business freaks you out, call a professional!

Self-employed estheticians, nail techs, lash techs are very capable of doing their own accounting and taxes

If you are a DIYer or need to save money and have the time available on your hands to do a little digging then keep reading. Accounting and taxes for self-employed estheticians can actually be pretty easy once you have everything prepared.

Quick links:

FreshBooks

Turbo tax Canada
WaveApps
Quickbooks 

Revenue Canada

Self-employed Business, Professional, Commission

Disclaimer:

This web page is intended solely for information purposes and no individual or another third party may rely upon it as tax or legal advice or use it for any other purpose. The content does not provide tax advice to any taxpayer and does not take into account any specific taxpayer’s facts and circumstances. Readers are encouraged to consult with professional advisors for advice concerning specific matters before making any decision or taking a position on any tax return.


💥Update 2020💥

FRESHBOOKS

I’ve recently been introduced to FreshBooks and I am in love with it.  It’s easy, inexpensive and completely online! (They even have a free trial for you to play around with.)

FreshBooks self-employed accounting software makes working for yourself painless by making your accounting a breeze. Spend less time on accounting and you’ll have more time to follow your passion.

Check out the video below to see what I mean!

 


WAVEAPPS

Waveapps is a free cloud-based software.  I used it for a number of years when I first started out.  It's free! (unless you buy some of the addons which, I never have)They have a lot of tutorials on how to use it and it is fairly easy once you catch on. 

Wave apps is goo if you want to save money on accounting

 


QUICKBOOKS

If you need a little more direction or maybe some phone support another inexpensive option is Quickbooks. Quickbooks is popular among all types and sizes of business because it is easy to use and inexpensive. They also offer a lot of support in the form of webinars, tutorials and chat boxes. This is a great starting point for newbies.


Quickbooks for self employed

 

They have a fantastic Self-Employed option which is super inexpensive. QuickBooks Self-Employed connects to your bank so you can easily categorize income and expenses, capture and match receipts, send invoices, and automatically track mileage so you will be ready come tax time. 

 

You can also have the ability to connect the apps you know and love with QuickBooks Online to keep your business running smoothly.

They also have a no-obligation Free Trial so you can try it out before you invest your money!

QuickBooks Self-Employed

 


TURBOTAX

Once you have your year of paperwork, Get your Turbo tax ready. Click on the link below to find the best program for you. TurboTax is also known to me as “Income tax for dummies”. It basically just walks you through the whole process by asking you questions.

 

When you are home-based, or self-employed you can fill out one return for your business and personal income tax. So, have all your personal information such as medical receipts or job t4 slips or anything else you would provide for your income tax return.

Accounting and taxes for self-employed estheticians

Watch the video because it explains it perfectly!

Also, I should mention that Turbo Tax has a great Refund policy!

Check out this discount that I was able to get for you for this year!


turbotax


Accounting and taxes for self-employed estheticians, nail techs, lash techs and more

Accounting and taxes for self-employed estheticians, nail techs, lash techs and more

If you liked this post you might be interested in How to boost holiday sales in your salon or spa or our other popular blog post Cutting costs for home-based salons and spas

 

 

 

Accounting and taxes for self-employed estheticians, nail techs, lash techs and more. Self-employed estheticians, nail techs, lash techs are very capable of doing their own accounting and taxes.  If you are a DIYer or need to save money and have the time available on your hands to do a little digging than keep reading.