Is Your Cosmetology School ready For a Title IV Audit ?
Get Expert Title IV Audit Services Designed to Keep Cosmetology Schools Compliant and Worry-Free
Why Staying Title IV Compliant Is Essential for Beauty Schools
Regulatory Compliance
Offering federal financial aid means your beauty school must follow strict government rules. Staying compliant protects your access to funding and builds trust with regulators and students.
Keep access to federal student aid programs
Prevent funding delays and costly compliance penalties
Safeguard your school’s reputation and long-term success
Why Partner With Us?
We understand the specific financial and regulatory challenges beauty and cosmetology schools face. Our team stays ahead of Department of Education updates, so you don’t have to.
Industry-Specific Knowledge: We specialize in working with beauty and cosmetology schools.
Regulatory Background: Our team stays up-to-date on the latest Department of Education guidelines
Seamless Process: We make audits simple and stress-free so you can focus on running your school.
Our Step-by-Step Title IV Audit Support
A Clear, Stress-Free Path to Compliance
Initial Records Review – We examine your financials and school policies to identify any gaps.
Audit Preparation & Guidance – We walk you through the audit requirements and ensure everything is in place.
Detailed Report & Next Steps – You’ll receive a summary with practical recommendations for closing any issues.
Continued Compliance Assistance – We offer year-round support to keep your school audit-ready.
Individual - Business - Nonprofit Tax Returns
Individual Tax returns
Seamless Tax Filing for Beauty Professionals, Educators & Administrators
Navigating tax season with W-2, 1099, rental, and investment income can be complex. We deliver accurate, on-time 1040 tax returns tailored to your unique profession. We go beyond filing to provide year-round peace of mind.
Our individual tax services include:
Maximizing Deductions: We identify every eligible deduction, including home office, tools, supplies, continuing education, and travel.
Complex Income Reporting: Expertly handling W-2, 1099-NEC, K-1, rental, and investment income to ensure full compliance.
Proactive Tax Planning: We set up a clear plan for quarterly estimated payments to avoid surprises and penalties next year.
Complete IRS Support: We manage tax extensions, amended returns, and resolve IRS notices from start to finish.
Business Tax Preparation (Forms 1120S, 1065, 1120)
Strategic Tax Services for Salons, Schools & Service Businesses
Your business tax return should be a tool for growth, not a source of stress. We prepare accurate S-Corp (1120S), Partnership (1065), and C-Corp (1120) returns that are perfectly aligned with your financial records and strategic goals.
Our business tax services include:
Flawless Book-to-Tax Reconciliation: We ensure your tax return perfectly matches your bookkeeping for audit-proof records.
Strategic Planning & Optimization: We advise on owner compensation, distributions, and optimized depreciation to legally reduce your tax burden.
Year-Round Tax Reduction: Our proactive planning helps you make smart financial decisions throughout the year, not just at tax time.
Full Compliance Support: We handle state tax filings, reasonable compensation analysis, and provide full support in the event of an IRS inquiry.
Frequently Asked Questions
Find answers to common inquiries about our services.
How do your services specifically help cosmetology schools prepare for Title IV financial audits?
Our services provide comprehensive audit readiness support, including pre-audit assessments, meticulous documentation organization, liaison with external auditors, and development of corrective action plans. We ensure your school's financial records and practices meet NACCAS and Department of Education standards, minimizing audit risks and ensuring compliance.
What is the 90/10 Rule, and how do you assist proprietary schools with compliance?
The 90/10 Rule is a federal regulation for proprietary schools, limiting the percentage of revenue derived from Title IV funds. We help schools accurately calculate and monitor their 90/10 ratio, develop strategies to diversify revenue streams, and ensure precise reporting to maintain compliance and safeguard federal funding eligibility.
Can you explain the Composite Score, and how do you help schools improve it?
The Composite Score is a Department of Education metric assessing a school's financial responsibility. We analyze your financial statements to calculate your score, interpret its implications, and develop actionable strategies to improve key financial ratios. Our proactive planning helps strengthen your financial position for continued Title IV participation.
When should we start preparing for our Title IV financial audit?
Ideally, you should be preparing all 12 months of the year. However, if that's not the case, begin 90–120 days before year-end. Start by cleaning up the books, convert to GAAP accrual, reconcile student ledgers/unearned tuition, build audit schedules (PBC list), and set timelines so your audited statements are filed on time.
Can you work with our current bookkeeper, auditor, and software?
Absolutely. We collaborate with your auditor, support your bookkeeper, and work in QuickBooks Online plus common school systems (e.g., tuition/attendance platforms). We act as your audit liaison to keep requests moving.
How do your QuickBooks Online setup services benefit cosmetology schools and beauty professionals?
We offer specialized QuickBooks Online setup services (Done With You and Done For You) tailored for the beauty industry. We ensure your QBO is configured for accurate financial tracking, NACCAS/DOE accreditation readiness, and efficient management of industry-specific revenue and expenses.
What makes your accounting services unique for beauty industry professionals and schools?
Our unique advantage stems from our direct experience within the beauty industry. This firsthand understanding allows us to go beyond standard accounting, providing insights into managing commissions, product inventory, specialized deductions, and revenue recognition specific to salons, spas, and independent stylists. We bridge the gap between financial expertise and industry-specific nuances.
Do you offer ongoing financial support or tax planning beyond initial setup or audit readiness?
Yes, we provide comprehensive ongoing financial support and proactive tax planning. This includes year-round tax strategy to minimize liabilities, assistance with state filings, reasonable compensation analysis, and robust IRS audit support. For beauty professionals, we also offer guidance on managing estimated taxes and maximizing industry-specific deductions to ensure continuous financial health.
We were told we need a financial statement compilation. Do you provide that?
Yes. For states that require compiled GAAP financials (but not an audit), we prepare CPA compilations with the statements and notes needed for licensing/renewal and accreditation filings.
How do we get started and what does it cost?
We'll start with a short consult and document review. We’ll price a fixed-fee audit-prep package or a monthly fee, which ever works best for your situation. You’ll get a clear scope, timeline, and deliverables before we begin.
