marketing expenses including your website, PR and advertising.staff costs including salaries, travel and some entertainment.direct costs like hair products and disposable equipment.capital expenditure such as furniture, equipment and computers.property costs including rent, rates, utilities and cleaners.Here are some of the most common expenses you'll claim: Here are some of the main differences between the two: Whereas a self-employed stylist has more control over their craft, incurs more financial risk, and has fewer connections with your business, which could potentially equate to less control for the business owner. They typically earn a salary or hourly rate of pay and work within the style guidelines of the wider business. For example, an employee usually works fixed hours and working days. Most of these requirements involve making sure that your stylists' working conditions match HMRC's definition of a self-employed worker. So what are these requirements? What you need to do if you work with self-employed hair stylists Unsurprisingly, HMRC prefers businesses that pay more tax and you'll need to be sure that your worker meets certain requirements if they want to be self-employed.
This difference comes down to employers' national insurance, which you won't have to pay if someone is self-employed. On the other hand, working with self-employed hairstylists is a little cheaper as you'll save about 5-10% compared to hiring someone through payroll.
The benefits of working with self-employed hair stylists Paying workers through payroll is safer, simpler, and you'll likely have more control. The benefits of paying employees through payroll (PAYE) Instead, let’s look at the accounting implications of both approaches. There are operational differences, such as working hours and the provision of equipment, but we won't go into these in too much detail. But here are the basics.Įssentially you've got two options - you can either hire your employees and pay them through payroll (PAYE) - or you can work with self-employed hairstylists. This is a relatively common scenario but does fall into a tricky area and we would recommend talking it over with an accountant. One question that often comes up is whether stylists are self-employed or employees. But here's a common scenario - what if a hairstylist asks to be self-employed? Are your stylists self-employed or employees?
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