Monday, June 14, 2010

Industry Analysis - Tanning Salons

This is information and web links pertaining to the Tanning Salon Industry.

Published By: Knowledgeman
Publish Date: 2010-06-14
Revised: 2010-11-05

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Industry Analysis - Main Page

Tanning Salons

Industry Analysis: Tanning Salons (SBDCNet)
Google Search: "tanning salon industry"
Google Search: 2010 tanning industry growth
Google Search: IRS ISSUE IR-2010-073
IRS Issues Regulations on 10-Percent Tax on Tanning Services Effective July 1, 2010
IRS Excise Tax on Indoor Tanning Services Frequently Asked Questions
IRS Nine Tips on the 10 Percent Tax on Tanning Services
The Indoor Tanning Market, May 18, 2009 (looking fit)
Indoor Tanning Association (ITA)
Smart Tan

Other Information, Links, and Resources

Beginning 7/1/2010 there will be a 10% tax on tanning services.
Tanning service gift certificates are considered paid when redeemed.
Insurance invoice must include tax.
Complete Form 720, Part II. Pay with voucher 720V or EFTPS. Tax due end of the month every quarter.
Every business must have an EIN to submit the tanning tax.
UV beds are taxable.
Non-UV beds and spray tans are not taxable.
Charges must be recorded separately in order to track this.
Other exemptions are available as well.