Categories
Guides & How-To Training & Education

COVID-19 Financial Resources for Suite Owners

This page is designed to be a quick reference guide to resources

At Salons by JC, our suite owners are the very core of everything we do. We know that with the recent outbreak of COVID-19 many of our suite owners may be facing difficult financial challenges. This is why we have compiled this page of resources as a companion for the large number of educational blog posts we’ve created to help you through this difficult time. Those posts, located in our blog, are designed to be a more active and depth guide to help you through this time.

 

 For even more resources, visit our new dedicated

Salons by JC COVID-19 resources website.

 

 

1A. CARES Act- Economic Stimulus Program  

The Coronavirus Aid, Relief and Economic Securities Act (CARES Act) provide eligible individuals with a one-time direct deposit of funds to provide immediate financial relief, based on your 2018 or 2019 tax filings. For those who filed taxes in 2018/2019, deposits will be automatically made to your bank account, if it was used when filing.

The following guidelines outline the program in more detail.

  • Single filers earning up to $75,000 or joint filers earning up to $150,000 will receive around $1200 per person or $2400 per couple in a one-time payment.
  • Single filers earning up to $99,000 or joint filers earning up to $198,000 will receive around $500 per person or $1000 per couple in a one-time payment.

If you have used direct deposit for payment or refunds with the IRS in the past year, funds will be deposited directly in your account. If not, you can expect a physical check in several weeks.

 

1B. Extra Unemployment Benefits for Self-Employed Individuals

Another benefit of the CARES Act is the expansion of unemployment insurance and payments to self-employed workers and/or independent contractors. This includes independent salon owners who are registered as an LLC, Sole Proprietor, etc.. The changes the CARES Act implements include up to an additional $600 a week in addition to the individual state unemployment benefits. Currently, this change is set to last for up to four months, ending on July 31st, unless further updated. Pay for unemployment will vary state by state, but the CARES act amount is universal across all states.

To apply for unemployment benefits, visit your individual state’s unemployment website:

 

2. Taxes Filing Deadlines Have Been Extended

The deadline has been extended from April 15 to July 15, 2020. No additional forms or information is required to file your taxes.

For more information visit the IRS website.

 

3A. State and Local Changes to Private Residence Evictions

Many state and local governments have made changes to the process of evictions. This may include extended deadlines or actual pauses to any eviction processes. For the most up to date information, speak to your landlord or local government officials and let them know you are unable to pay rent due to the Coronavirus.

 

3B. Deferred Mortgage Payments

Much like the changes for renters made by state and local governments, your financial institution may have programs in place to pause or defer your mortgage payments. Contact your mortgage lender to learn more about specific steps they may be taking.

4. Deferred Auto Loan Payments

Similar to the previously mentioned changes for mortgages and rent, many financial institutions are implementing similar procedures for auto loan payments. These may be automatically deferred payments or options deferments upon request. Contact your lender to learn more.

5. Families First Coronavirus Response

The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. The Department of Labor’s (Department) Wage and Hour Division (WHD) administers and enforces the new law’s paid leave requirements. These provisions will apply from the effective date through December 31, 2020.

Generally, the Act provides that employees of covered employers are eligible for:

  • Two weeks (up to 80 hours) of paid sick leave at the employee’s regular rate of pay where the employee is unable to work because the employee is quarantined (pursuant to Federal, State, or local government order or advice of a health care provider), and/or experiencing COVID-19 symptoms and seeking a medical diagnosis; or
  • Two weeks (up to 80 hours) of paid sick leave at two-thirds the employee’s regular rate of pay because the employee is unable to work because of a bona fide need to care for an individual subject to quarantine (pursuant to Federal, State, or local government order or advice of a health care provider), or to care for a child (under 18 years of age) whose school or child care provider is closed or unavailable for reasons related to COVID-19, and/or the employee is experiencing a substantially similar condition as specified by the Secretary of Health and Human Services, in consultation with the Secretaries of the Treasury and Labor; and
  • Up to an additional 10 weeks of paid expanded family and medical leave at two-thirds the employee’s regular rate of pay where an employee, who has been employed for at least 30 calendar days, is unable to work due to a bona fide need for leave to care for a child whose school or child care provider is closed or unavailable for reasons related to COVID-19.

To learn more, visit the U.S. Department of Labor website

 

6. Professional Beauty Association COVID-19 Relief Fund

The PBA COVID-19 Relief Fund is designed to help support the licensed beauty professionals who have not been able to work or are experiencing financial hardships due to the COVID-19 outbreak. The Relief Fund will provide $500 to licensed beauty professionals who are unable to work due to COVID-19. The funding is intended to be an emergency aid for short-term immediate needs.

For more information, visit their site here.

 

7. Horst M. Rechelbacher Foundation – COVID-19 Relief Fund

These $1,000 grants will provide financial assistance to beauty professionals or students of beauty programs, whose lives have been drastically changed by the mandated closures in response to COVID-19. Available to beauty professionals and students who are unemployed and cannot maintain their regular income during this time, these one-time $1,000 grants will be distributed directly to the applicant to provide temporary financial relief. Applications are open starting April 1, 2020.

To Qualify Applicants Must:

  • Be a resident of the U.S.
  • Be a licensed beauty professional and have been employed for 12 months on or before March 16, 2020. OR They must have been attending a program to become a licensed beauty professional on or before March 16, 2020.
  • Live in a State or County that has mandated the closure of non-essential business.
  • Must currently not be earning an income.

Visit their website to learn more and to apply.

 

8. United Way 2-1-1

United Way 2-1-1 provides resources for those seeking assistance finding food, paying hosing bills, and other essential services. Call 211 or text your zip code to 898-211 for information.

 

9. CND x BCL Nail Professional Relief Grant

These grants will provide financial assistance to nail professionals, whose lives have been drastically changed by the mandated closures in response to COVID-19. Available to licensed nail professionals who cannot maintain their regular income during this time, these one-time $1,000 grants will be distributed directly to provide temporary financial relief. Applications are open starting April 1, 2020.

To Qualify Applicants Must:

  • Be a resident of the U.S.
  • Be a licensed nail professional and have been employed for 12 months on or before March 16, 2020.
  • Live in a State or County that has mandated the closure of non-essential business.
  • Must be currently not earning an income

For more information and to apply, visit their website.

 

We strongly suggest you speak with a certified financial advisor for professional financial advice and guidance.

Categories
Community Involvement Specialist Spotlight

Project P.R.O.M – Making the Dream Prom a Reality

A salon suite affords beauty professionals their own freedom to run their business how they want – but some take their salon ownership a step further, using their talent to improve the community around them.

For Christin Peterson, owner of All Tresses by Chris at Salons by JC Pearland Town Center just south of Houston, this meant helping young girls who may not have the luxury of enjoying one of the biggest night’s of a teenager’s life – prom.

Christin Peterson – Salons by JC Pearland Town Center

After working as a probation and parole office for over 10 years in Galveston and Harris Counties, Christin was ready to leave “corporate America” and vowed to work for herself in the beauty industry she grew up in.

“I was inspired by my mother who was a hairstylist and instructor for 20+ years. I recall shampooing hair in the salon assisting my mom at age 14,” she shares.

In 2015, Christin started her professional beauty career at a traditional style salon, where she worked for two years before transitioning to Salons by JC Pearland Town Center, seeking a better, private environment for her clients. “My clients love their hair experience 100% better in my personal room versus the open salon I was in for two years!” she excitedly states.

Christin’s Fabulous Braid Work

The freedom of having her own salon suite allowed Christin to expand her beauty experience beyond the salon. In 2017, she was inspired to create Project P.R.O.M (Phenomenal Representation of Me).

“It was developed from an idea to give an underprivileged plus-sized girl a total prom experience that would boost her self-esteem,” she exclaims. “I meet so many women and young girls in my line of business who I inspire without even realizing until I’m told by them.”

One of Christin’s Project P.R.O.M Recipients

The idea of Project P.R.O.M first came to Christin as she was contemplating her love for plus-size fashion and her acceptance of being a plus-sized woman. “I believe EVERY woman should have the same self-confidence.”

She chose to focus on young women in high school to give them an extra boost as they graduate. “The feeling is overwhelming watching each young lady transform and exude the confidence that they have longed for!”

Christin enlists the help of her friends, family, and her clients to provide teenage girls with the full experience of a memorable prom with no cost to their families. “We all enjoy working with these young ladies and gain reward in giving their family financial relief from prom expenses and giving the girls an experience of a lifetime that they’ll never forget.” The project is now in its third year and grows consistently.

Project P.R.O.M Recipient

“My first year was just one girl, the second year was two girls, and this year we had three girls,” Christin says. “I have been able to fully dress these girls head to toe with brand new everything – I take the girls shopping and allow them to pick their own dress, shoes, and accessories.”

Along with her thriving non-profit, Christin also manages to grow her business at Salons by JC, adding “My business has grown and stabilized since moving to Salons by JC. My clients feel safe and enjoy the professional and clean space provided by our concierge.”

Helping Young Girls Feel Fabulous at Prom

Looking ahead, Christin hopes to continue to make the prom nights of many more teenage girls special by expanding her team, saying “This has truly been a blessing for me and the team. My team has grown since 2017 which is why I’m able to add additional girls each year.”

 

If you’d like to learn more about Christin’s Project P.R.O.M or help provide prom makeovers for next season, you can reach Christin Peterson directly through her Instagram profile or by phone at 832-754-1378.

 

 

 

ABOUT Salons by JC

In 1997, Jack Griffey and Cecil Miller began their journey to transform the beauty industry one salon suite at a time. Like most young entrepreneurs, they started out with a big idea but had to learn how to start and run a business from scratch. After much perseverance and hard work, one year later, they opened Salons by JC in Dallas, Texas in 1998, welcoming beauty and wellness specialists who were ready to break free from the traditional salon model. The company has since moved its headquarters from Dallas to San Antonio, where it continues to grow through franchising. Today, Salons by JC has nearly 100 locations in 26 states and Canada and are looking to develop of 200 over the next several years. For more information, visit salonsbyjc.com or salonsbyjc.com/franchise.

 

 

 

 

 

Blog written by:
Analissa Severn
Marketing Account Specialist
Salons by JC