How salon owners determine what to take for a deduction on hair services meaning color cut and blow out?
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Answer:
Deduction? You are allowed to deduct the cost of the items necessary to provide the services, electricity, equipment (depreciation), supplies and paying of someone to do the work are examples. An hour or two reading the appropriate IRS Publications can be well worth your while to understand the available deductions, keep yourself legal, and increase your returns! The link below provides some high level guidelines and specific publications for more detailed information.
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