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093 | Employment Misclassification & How it's Affecting You
Summary
In this episode, Megan discusses the issue of misclassification in the beauty industry, particularly for those with a 1099 classification. She explains the difference between W-2 and 1099 employment classifications and highlights the common practice of misclassifying workers in the beauty industry. Megan emphasizes the importance of understanding employment law and the potential consequences of misclassification. She also addresses the exploitation and abuse of power by salon owners, who often enforce strict rules and non-compete agreements on contractors. Megan encourages individuals to know their rights and options, and to take control of their careers in the beauty industry.
Takeaways
Misclassification is a common problem in the beauty industry, particularly for those with a 1099 classification.
Understanding the difference between W-2 and 1099 employment classifications is crucial for beauty industry professionals.
Salon owners often exploit and abuse their power by enforcing strict rules and non-compete agreements on contractors.
It is important for individuals in the beauty industry to know their rights and options, and to take control of their careers.
Chapters
00:00 Introduction and Setting the Stage
00:30 Misclassification in the Beauty Industry
01:25 Employment Classification: W-2 vs. 1099
02:23 Commission-Based Employment
03:20 Understanding Booth Rental
04:18 Commission-Based Employment and Supplies
05:16 The Importance of Write-Offs
05:47 Tax Responsibility for Commission-Based Workers
06:14 Exploitation and Abuse of Power
07:09 Lack of Legal Authority over Contractors
08:06 Non-Compete Agreements
09:31 Legal Implications of Non-Compete Agreements
10:53 Salon Owners' Desire for Control
11:47 Understanding Your Options
13:12 Tax Withholding and Write-Offs
14:39 Illegal Business Practices
16:34 Taking Control of Your Career
17:02 Spreading Awareness in the Beauty Industry
17:58 Legal Requirements for Payment
18:26 Closing Remarks
FREE Passion into Profit Blueprint
Follow along with Megan @meganturleycoaching
Join Private Mentorship
View all episodes
By Megan TurleySummary
In this episode, Megan discusses the issue of misclassification in the beauty industry, particularly for those with a 1099 classification. She explains the difference between W-2 and 1099 employment classifications and highlights the common practice of misclassifying workers in the beauty industry. Megan emphasizes the importance of understanding employment law and the potential consequences of misclassification. She also addresses the exploitation and abuse of power by salon owners, who often enforce strict rules and non-compete agreements on contractors. Megan encourages individuals to know their rights and options, and to take control of their careers in the beauty industry.
Takeaways
Misclassification is a common problem in the beauty industry, particularly for those with a 1099 classification.
Understanding the difference between W-2 and 1099 employment classifications is crucial for beauty industry professionals.
Salon owners often exploit and abuse their power by enforcing strict rules and non-compete agreements on contractors.
It is important for individuals in the beauty industry to know their rights and options, and to take control of their careers.
Chapters
00:00 Introduction and Setting the Stage
00:30 Misclassification in the Beauty Industry
01:25 Employment Classification: W-2 vs. 1099
02:23 Commission-Based Employment
03:20 Understanding Booth Rental
04:18 Commission-Based Employment and Supplies
05:16 The Importance of Write-Offs
05:47 Tax Responsibility for Commission-Based Workers
06:14 Exploitation and Abuse of Power
07:09 Lack of Legal Authority over Contractors
08:06 Non-Compete Agreements
09:31 Legal Implications of Non-Compete Agreements
10:53 Salon Owners' Desire for Control
11:47 Understanding Your Options
13:12 Tax Withholding and Write-Offs
14:39 Illegal Business Practices
16:34 Taking Control of Your Career
17:02 Spreading Awareness in the Beauty Industry
17:58 Legal Requirements for Payment
18:26 Closing Remarks
FREE Passion into Profit Blueprint
Follow along with Megan @meganturleycoaching
Join Private Mentorship