topic Independent stylist with Color Street in Self employed

Independent stylist with Color Street

Akumher — Tue, 24 Feb 2026 07:01:55 GMT

I am an independent stylist with Color Street. When purchasing gifts and giveaway items such as a tumbler, face masks, nail files, etc. Would you classify those as advertising expenses? Also, I do not do inventory I purchase all my nail sets to use as giveaways or I will put on a set on and post it in group for advertisement. Can all my sets be wrote off as expenses or advertising? If you put that you had an inventory because you thought you had to can you change it to no the next year?

Re: Independent stylist with Color Street

cabusby1 — Wed, 30 Aug 2023 23:21:17 GMT

Yes, your giveaway items can be classified as advertising expenses. It's additionally not necessary to carry an inventory on your supplies. They can be listed as expenses and deducted from your income.

https://turbotax.intuit.com/tax-tips/self-employment-taxes/work-as-a-hair-stylist-tax-tips-for-hairdressers/L2do5YTxP

Re: Independent stylist with Color Street

cabusby1 — Wed, 30 Aug 2023 23:22:14 GMT

Here is a link to common deductions for your industry. https://blog.turbotax.intuit.com/self-employed/self-employed-tax-deductions-calculator-2021-2022-50907/?_gl=1*ugcaxv*_ga*Nzg2Mzg0MjI0LjE2OTI3MTU0NTI.*_ga_J7JHVCT5CT*MTY5MzQzNjYzNy4yLjEuMTY5MzQzNzYxNi40MC4wLjA.

Re: Independent stylist with Color Street

Akumher — Wed, 30 Aug 2023 23:34:40 GMT

So the nail sets can be listed as a supplies?

Re: Independent stylist with Color Street

Akumher — Wed, 30 Aug 2023 23:39:07 GMT

If you do a bulk order because a couple customers just want 1 set and they are paying you for that set would you consider that commission? I buy the set then they are just paying me back.

Re: Independent stylist with Color Street

cabusby1 — Wed, 30 Aug 2023 23:40:01 GMT

If you're using the sets as a part of your business, they can be listed as expenses. You would determine if they would fall under the category of advertising (such as your giveaways or ads) or normal operating supplies if you are using them on customers.

Re: Independent stylist with Color Street

cabusby1 — Wed, 30 Aug 2023 23:41:19 GMT

You would list the bulk purchase as an expense, and then the payments from the customers as income.