Articles, Events & Press
Insight from our team
Articles, podcast episodes, and press on tax compliance, ERC, audits, and business tax.
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Podcast Episode 51: Tax Strategy and Compliance in the Northern Mariana Islands
Tina Azarvand, Managing Partner of Azarvand Tax Law, joins the Jet Setting Wealth Advisory podcast to unpack the CNMI's little-known tax structure. The conversation covers residency and domicile rules, how CNMI-source income can qualify for local rebates, and how the IRS evaluates whether a move is genuine.
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Article Understanding Self-Employment Taxes for Booth Renters
By Caroline Moss and Tina Azarvand, this article explains how booth renters in the salon industry can navigate self-employment taxes. It covers obligations like Social Security and Medicare, estimated quarterly payments, and deductions that lower taxable income, urging renters to stay organized, track expenses, and consult a tax professional.
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Article How Trump’s Proposed Tax Code and Tariffs Could Shift Your Salon’s Business Strategy
By Caroline Moss and Tina Azarvand, this piece explores how changes in tax policy and international tariffs might impact salon operations. It highlights potential shifts in product costs, tax liabilities, and business deductions, urging salon owners to reassess their strategies and consult financial experts to prepare.
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Article Brushing Up on Business Entities for Beauty Businesses
By Evan Holden and Tina Azarvand, this article explores different business structures for salon and spa owners. It explains the benefits and risks of sole proprietorships, partnerships, LLCs, and corporations to help owners choose the right setup for liability protection, tax advantages, and growth.
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Article What the Proposed ERC Repeal Act Means for Your ERC Claims
By Claudia Vasquez and Tina Azarvand, this article explains the potential impacts of the ERC Repeal Act on businesses. It warns that claims filed after January 31, 2024 could be invalid and stresses accurate documentation and professional guidance amid increased IRS audits, advising owners to act promptly to avoid penalties.
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Article Root Out Tax Troubles: A Salon Owner’s Guide to Avoiding IRS Penalties & Interest
By Tina Azarvand, this article covers strategies to help salon owners manage tax compliance. It highlights the risks of late filings, incorrect payroll tax deposits, and overlooked deductions, advising owners to keep proper records, stay informed about IRS updates, and seek expert guidance.
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Article CNMI Businesses Learn the Dos and Don’ts of Tax Filing
Tax Attorney Tina Azarvand highlights key tax filing practices for CNMI businesses and self-employed individuals. She explains the importance of paying quarterly estimated taxes, following IRS and CNMI rules, and avoiding penalties, and covers foreign bank account reporting obligations and common local mistakes.
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Article IRS Renews ERC Voluntary Disclosure Program
By Tina Azarvand, Esq., this article highlights the IRS's updated program offering businesses a chance to correct improper Employee Retention Credit (ERC) claims. It outlines steps to voluntarily disclose errors, avoid severe penalties, and stay compliant, urging owners to consult tax professionals.
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Article ERC Changes Unveiled: The Long-Awaited IRS Update
By Tina Azarvand, this article reviews recent IRS updates on the Employee Retention Credit (ERC) after a year-long moratorium. It highlights accelerated processing, stricter audits, and the importance of compliance, advising salon owners to monitor claim status and prepare for possible audits.
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Article Comb Through the Complexities: Federal Tax Deposits Demystified for Salon & Spa Owners
By Claudia Vasquez and Tina Azarvand, this article simplifies federal tax deposits for salon and spa owners. It explains the importance of timely deposits to avoid IRS penalties and offers insight into payroll tax obligations and EFTPS, encouraging owners to stay informed and organized.
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Article Choosing the Right Cut: Education Tax Credits Stylists and Salon Owners Should Take Advantage Of
By Eva Macris and Tina Azarvand, this article highlights tax credits that help stylists and salon owners reduce educational expenses. It covers the Lifetime Learning Credit, American Opportunity Tax Credit, and employer-backed CARES Act benefits, and their role in career advancement and business growth.
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Article Cutting Through the Confusion: Why Salon & Spa Owners Need a Second Opinion on ERC Claims
By Candice Miller and Tina Azarvand, this article emphasizes the importance of reviewing Employee Retention Credit (ERC) claims. It highlights IRS audits, potential penalties, and the risks of overclaims, advising salon owners to seek a second opinion to ensure compliance and accurate documentation.
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Article Highlighting the Risks: ERC Warnings Salon and Spa Owners Can’t Brush Off
By Claudia Vasquez and Tina Azarvand, this article warns salon owners about improper Employee Retention Credit (ERC) claims. It stresses consulting trusted tax professionals and avoiding fraudulent promoters, and details IRS updates including stricter audits, processing delays, and a withdrawal program for incorrect filings.
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Article Beautifying Your Financial Future:A Salon Owner’s Brief Guideto Retirement and Health Savings
By Caroline Moss and Tina Azarvand, this guide provides salon owners with essential financial strategies. It highlights retirement accounts like 401(k)s and IRAs, along with Health Savings Accounts (HSAs), to build wealth, save on taxes, and enhance employee benefits.
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Article Audit-Ready Locks: ERC Audit Survival Guide for Salon Owners & Stylists
By Claudia Vasquez and Tina Azarvand, this survival guide helps salon owners substantiate their Employee Retention Credit (ERC) claims ahead of potential IRS audits. It details the documentation needed — payroll tax returns, business records, and COVID-19 government orders — and stresses timely responses to IRS IDRs and keeping records for at least six years.
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Article Cut Through the Tangles of Tax Planning with the Right Professional
This article emphasizes choosing the right tax professional for salon owners. It distinguishes between accountants, CPAs, Enrolled Agents (EAs), and tax attorneys — their qualifications, scope of practice, and expertise — and how the right choice affects a salon's financial health and compliance.
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Article Salon Savvy: Avoiding Tax Pitfalls with Style, Part 2
This article highlights the risks of overclaiming the Employee Retention Credit (ERC). It warns about ERC scams and stresses proper documentation and professional guidance, noting the IRS can audit claims for years and that businesses are liable for overclaimed credits, interest, and penalties. It also covers proactive tax planning and timely estimated payments.
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Article Salon Savvy: Avoiding Tax Pitfalls with Style
This article highlights worker misclassification in salon and spa businesses. Misclassifying workers as independent contractors rather than employees can lead to severe tax issues, including fines and potential prison time. It explains assessing the degree of control over workers and the IRS Voluntary Classification Settlement Program for reduced penalties.
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Article Style & Substance: Understanding the Corporate Transparency Act for Salon Owners and Stylists
By Tina Azarvand and Claudia Vasquez, this article explains the Corporate Transparency Act (CTA), which requires businesses to file a Beneficial Owner Information Report with FinCEN. It details who must file, exemptions, deadlines, and consequences of non-compliance for salons structured as corporations, LLCs, or partnerships.
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Article Trimming the Tangles: A Brief Guide on Estimated Tax Payments
By Tina Azarvand on Salon Today, this guide explains the importance of estimated tax payments for salon owners and independent stylists. It covers calculating quarterly payments, setting aside funds, using EFTPS, and avoiding underpayment penalties, plus options for managing past-due taxes and IRS penalties.
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