The COVID19 CARES Act & How it Affects Beauty Industry Professionals
- E27
- 46:56
- April 5th 2020
What is the CARES (Coronavirus Aid Relief and Economic Security) Act? The CARES Act is the largest economic stimulus package in the history of the United States. It includes approximately two trillion dollars to help people and businesses impacted by COVID-19. Many beauty professionals are asking “What does this mean for me?”
How does the CARES Act impact the beauty industry? The act includes several provisions that impact citizens of the united states, businesses, and business owners including beauty industry professionals.
Beauty industry professionals consist of salon owners, booth renters, commission stylists (W2 employees), and independent contractors most of which are self-employed and/or independent contractors.
On this podcast, I am only going to focus on four of the provisions that my clients ask about the most
- The rebate or stimulus checks
- The Pandemic Unemployment Insurance
- The payroll or paycheck protection plan
- And the Economic Injury Disaster Loans
PROFIT AND BEAUTY: A Show For Salon Professionals
This show was created for Salon owners who have decided to start running their salon like a business rather than a hustle.
The focus of the show is to help salon owners understand the numbers behind their business so they can grow and make extraordinary profits.
My name is Desarie Anderson, a hair stylist turned accountant and financial guide. When salon owners have trouble understanding the finer details of their finances, they come to me. With 19 years of salon ownership experience coupled with my experience in the financial world, I know the ins and outs of both the beauty and the financial industries. Whether you want to minimize your tax bill or grow and scale your salon, I’ve got you covered.
