Putting a colour on, trimming a beard or completing a leg wax may come naturally to you. The ‘financial’ stuff of running a business is less likely to. The better your business knowledge is, the easier it’ll be to manage your finances. Running a business is also admitting that you don’t know everything and sometimes need support. We can help with your business finances.
This section covers:
- What’s included in your membership
- How we can help you
- What our members say
- Protect your business
- Join the NHF
Support & advice helplines
- Tax helpline
- VAT helpline
- Payroll helpline
- Advice on financial aspects of chair & room/area renting
- National Minimum Wage and Living Wage queries
- Up to £50,000 automatic legal expenses insurance cover for employment and tax disputes*
Guides & fact sheets
- Start-up guide
- Pensions guide
- Chair renting guide
- Guide to the financial aspects of running a small business
- Card processing guide
- Prices, wages & profits
- National minimum & national living wage guide
- Selling your business guide
- Guide to franchising your business
- Discounted rates on card payment solutions
- 10% discount off PPL music licence
- 20% discount off salon insurance
Courses & coaching
- Discounted rates for business and creative events
- 1:1 coaching
- Salonfocus magazine
- Member newsletter
- Minimum wage rates
Are you looking for business training in your hair salon, beauty salon or barbershop? We have a team of professional advisers that have a wealth of experience and can assist your business. Find out how we can help at our Business Academy
Please see below typical scenarios that we help our members with daily:
Q: Would I be covered if I was selected for an HMRC investigation?
A: Being selected for an HMRC investigation can be daunting, time-consuming and very expensive when you have a business to run. Our advisors will support and assist you throughout this difficult period. NHF Members are covered for up to £50,000* per case for legal fees incurred from all tax and VAT investigations as well as PAYE assessments.
Q: I have a member of staff going on maternity leave. What payments do I have to make, and will I be out of pocket?
A: We can help with calculating maternity leave and the payments you will have to make as well as advising on you whether you’re able to claim money back from the government.
Q: What should I be charging someone who renting a chair within my business.
A: Our chair renting and self-employment guide can guide you through and give you options and example of calculations. The commercial helpline will also offer you information on the tax and VAT implications for your business.
Michael Dobson, Owner: Bear & Hare Barbers
“We recently had a tax inspection and the NHF’s legal team provided us with a consultant who was amazing throughout the whole process.The NHF made the experience of having a tax inspection incredibly less daunting and stress-free!”
Enjoy immediate access to all NHF membership benefits for your salon, barbers or spa by joining today. Annual NHF membership starts from just £149 for Solo Members. You can join us here, call us on 01234 831965 or email us. We’d be delighted to chat to you and answer your membership questions.
*Important information about your legal expenses cover:
Worried about lawyers’ costs? As an NHF Member you are automatically registered in our Commercial Legal Expenses Scheme for employment and tax disputes.
This cover (free and part of your membership benefits) will pay your business legal costs up to £50,000*. The comprehensive cover extends to solicitors’ and barristers’ fees, court costs, expenses for Expert Witness and accountants’ fees (subject to normal policy terms, conditions and limitations being met). The policy may also pay the costs of appealing or defending an appeal.
The first £250 of costs and expenses in respect of any claim must be paid by you direct to the representative appointed to act for you as soon as a claim is accepted.