Rent a booth and you're a business owner — with deductions for your chair, your tools, your products, and your training.
If you rent a booth or chair, you're self-employed and file a Schedule C; if you're a commission employee, you're on a W-2. We confirm which you are first, because it changes everything. Booth renters get a full slate of deductions and owe self-employment tax.
Tip income is taxable and needs to be reported, and payments through card apps may show up on a 1099-K.
Income you’ll report on: 1099-NEC, 1099-K.
Most people in this line of work leave money on the table. Here's what we make sure to capture:
If you earn as an independent contractor, yes — self-employment tax is 15.3% (Social Security and Medicare) on your net profit, on top of regular income tax. You deduct half of it, and every business deduction lowers what you owe. We handle the calculation on Schedule SE.
Common write-offs include booth or chair rent, supplies, color, and product inventory, shears, tools, and equipment, continuing education and licensing, plus a share of your phone and any home-office use. We go through your year line by line so nothing legitimate gets missed.
If you expect to owe $1,000 or more for the year, the IRS generally wants quarterly estimated payments to avoid an underpayment penalty. We calculate them so next April isn't a surprise.
Yes. Your income is taxable whether or not a client or platform sent a 1099. We report it correctly and offset it with every deduction you qualify for.
Tell us what you've got and we'll come back within one business day with the plan and the price · from a preparer who knows your line of work.
Tell us what you’ve got