If you work as a hairdresser, some of the tax deductions you may be able to claim on your personal tax return (Self Assessment – SA100) are:
Some of the main deductions include:
- Chair Fees
- Travel Expenses
- Materials and Equipment
- Clothing
- Training
- Marketing and Advertising
- Insurance
- Utilities
- Professional Expenses
- Stationery, Postage and other Admin Costs
- Accountants Fees
Chair Fees
Many self employed hairdressers rent a chair in a salon from which they work instead of being employed directly by a manager. Those who do it will appreciate the flexibility of being able to choose their working hours and enjoy all the benefits of being able to see clients in a central location whilst not having the commitment of renting or buying premises.
Chair fees can be one of the biggest expenses that hairdressers have, so not claiming them could be costing you a fortune in unnecessary tax every year. Keep records of how much you are paying and make sure that you account for all the money that passes through your business, including your income and your outgoings.
If you have an agreement with a salon owner whereby you pay out a percentage of your takings in salon fees, then your monthly or weekly costs may vary, so it will be even more important to keep accurate records. But claiming your chair fees as expenses against your tax bill will mean that it is more than worth the effort as you could make significant savings.