Are You a Hairstylist With an LLC? Take Action by 2025 to Avoid This $10,000 Fine!

How The Corporate Transparency Act Will Affect Hairdressers Hairstylists that own an LLC, listen up: A new law took effect on January 1, 2024 and it may impact the way you file your taxes this year. With non-compliance fines that can scale up to $10,000, you need to understand how this law could affect you—BTC reached out to April McDaniel, a CPA at Kopsa Otte, an accounting firm that specializes in salons, spas and beauty distributors. Here’s what we learned about the Corporate Transparency Act.   Kopsa Otte Disclaimer: Because every situation is different, it is important that individuals seeking specific advice contact a (more…)