Title: Prepare financial records.
Course: Nail Technician II (19105-II) > Section: Managing a Nail Salon

Preparation should include

- keeping accurate records for payroll
- preparing a profit/loss statement
- paying the bills on time
- keeping record of tips
- planning for financial future
- completing I-9, W-2, and W-4 forms.

Process/Skill Questions:

- How important is it to establish credit?
- What are the pros and cons of a business credit card?
- What is the importance of keeping accurate payroll records?
- Is it necessary to claim tips on your tax forms? Why or why not?
- What is a W-2 form? W-4 form?