04-19-2012, 07:01 PM
I am currently booth renting in a salon, very very part time. Only 2 days a week usually 1 or 2 clients each day of the week. I work another full time job, so I am still just starting to get started at doing nails . (been licensed since 2006)
I am just curious, how much should I be putting away for taxes for next year?? I save all my receipts for everything purchased and keep records of how much I make for each service and how much rent I am paying.
Is there an average percentage of my income that I should keep in mind? Currently I do not pay myself with my earnings, it sits in a bank account to buy supplies and pay my booth rent. When I get to a point where I can actually start paying myself with it though, I want to keep enough in there that I do not need to come up with money to pay taxes when that time of year comes around
Thank you so much for your time and input
I am just curious, how much should I be putting away for taxes for next year?? I save all my receipts for everything purchased and keep records of how much I make for each service and how much rent I am paying.
Is there an average percentage of my income that I should keep in mind? Currently I do not pay myself with my earnings, it sits in a bank account to buy supplies and pay my booth rent. When I get to a point where I can actually start paying myself with it though, I want to keep enough in there that I do not need to come up with money to pay taxes when that time of year comes around

Thank you so much for your time and input
