Hairdressers, barbershops and beauty salons form the focal point of any high street or local community and play an essential part in everyday life and the UK’s economy.
As a barber, hairdresser or male grooming specialist running your salon or chain of businesses means you must continually assess your business model and the direction you want to move in. You are focusing on developing your business and your profitable products and services and should not have to worry about your accounts or tax responsibilities.
Assisting your beauty businesses
Salon owners have to think on their feet following the recent economic downturn, which has a real impact on incomes. This means that the beauty sector is facing tighter margins than ever before.
We have a team you can call upon that focuses explicitly on helping hair salons and barbers with their accounting and tax needs. So, whether you need assistance in preparing your year-end accounts, setting up a PAYE scheme, succession planning or wanting tax advice specific to the hairdressing and beauty industry (Income tax, VAT, Corporation Tax or Capital Gains Tax), we can help.
We can offer you sound and cost-effective advice at a fixed monthly cost priced around the needs of your salon or barbershop.
Why choose us?
Why our clients
EPOS systems for small businesses
We understand your industry very well and the actual demands of your time. We are committed to helping you understand your finances and will offer you all the support you need. One of the ways we do this is to suggest automating some of your accounting processes using a point of sale (EPOS) system, so you can focus on driving your beauty business forward.
- We can provide you with software that will collect and automatically store your receipts for smaller salons and renters so you don’t have to worry about losing critical financial documents.
- For larger chains, we can integrate your cash register and EPOS system with your accounting software so that you can accurately and immediately report your sales data.
Using an EPOS system speeds up key business processes like accounting, stock management and sales performance. They will capture transactional data and generate reports on your sales and products, helping you manage your salon more effectively and improving your customers’ experience with you.
Our accounting software partners
Xero, Freeagent and Quickbooks are online accounting platforms that allow you to deal with your beauty business finances on the go. It brings together your real-time bank transactions, inventory, invoicing and expenses in a straightforward dashboard, easily accessible wherever you are.
Saving you time, hassle and money, and everything you can see, we can also see at the same time – putting us in the perfect position to advise you on your financial situation.
Meet our client specialist
“Hi there, I am a Client Accountant here at Fusion Accountants handling a portfolio of small to medium size entities across a range of industries including, Hospitality, IT consultancy, Manufacturing, Construction (CIS) and E-commerce.
Working closely with my clients and understanding their business is key when it comes to delivering value-add account reporting that is aimed to provide the business with the tool to make key decisions.
I will be able to help you with the following:
- Historical trading
- Forecasts, cashflow & financial health
- Key performance indicators
- Cost analysis
- Management accounting service
“Outside work, I enjoy cooking international dishes, spending quality time with my husband and three children.”