Tax Season: Understanding Deductions as a Lash Stylist...

Running your own lash business is an exciting and rewarding journey, but it also comes with responsibilities—like keeping track of your expenses for tax purposes. While we can’t provide tax advice, we can help you understand some of the common deductions that lash stylists may be able to claim as business expenses. Plus, we’ll show you how the products you purchase from PremierLash can play a key role in maximizing your deductions!

> To print off last years invoices, log-into your PremierLash Account.  Under MY ACCOUNT you will find all your orders in chronological order allowing you to print any missing invoices for tax purposes.   

What Are Business Deductions?

Business deductions are expenses that are ordinary and necessary for running your lash business. These costs can often be subtracted from your taxable income, which may help reduce your overall tax liability. 

Common Deductions for Lash Stylists

Here are some examples of expenses that many lash stylists may be able to deduct (always consult a tax professional to confirm what applies to your situation):

1. Lash Supplies and Products:
• The lash extensions, adhesives, primers, cleansers, and other products you use to provide services to your clients are essential business expenses.
• PremierLash Tip: Every purchase you make from PremierLash for your lash business can be considered a deductible expense! Stocking up on high-quality lash supplies not only ensures your clients get the best results but also supports your business’s financial health.
2. Tools and Equipment:
• Tweezers, lash trays, magnifying lamps, and other tools you use daily are part of your business operations and may be deductible.
3. Professional Development:
• Courses, certifications, and workshops to improve your lash skills or learn new techniques can often be written off as educational expenses.
4. Business Insurance:
• Liability insurance or other business-related insurance policies are typically deductible.
5. Marketing and Advertising:
• Costs for promoting your business, such as social media ads, business cards, or website hosting, may qualify as deductions.
6. Home Office or Studio Costs:
• If you work from home or rent a studio space, a portion of your rent, utilities, and other related expenses may be deductible.
7. Travel Expenses:
• Mileage or transportation costs for traveling to clients, suppliers, or industry events could be deductible.
8. Professional Memberships and Subscriptions:
• Membership fees for lash associations or subscriptions to industry magazines may qualify.

Why PremierLash Products Are a Smart Investment

When you purchase lash supplies from PremierLash, you’re not just investing in high-quality products—you’re also investing in your business’s financial future. Here’s why:

• Deductible Expense: Every product you buy for your lash business, from adhesives to lash trays, can be considered a business expense.
• Quality Matters: Using premium products ensures your clients get the best results, helping you build a loyal customer base and grow your business.
• Track Your Purchases: Keep receipts and records of your PremierLash orders to make tax time easier and more organized.