It's a new day at A Hair Day Salon & Spa
LOUISE BOLGER | SUN
From left, Karen Rediker, Faith Baglieri and Cindy Simmons
offer an entire menu of services at A Hair Day Salon and Spa.
BY LOUISE BOLGER |
SUN STAFF WRITER
Change is a wonderful thing, and when Faith Baglieri decided it was time to grow and expand her hair salon, she didn't hold back. In February, Baglieri moved her business from the middle of the Mount Vernon Plaza to a much larger and very visible location facing Cortez Road. And that wasn't all. She added an entire menu of services, turning what once was a traditional hair salon into a salon and spa.
The new décor at A Hair Day Salon & Spa will make you feel like you're walking on to a beach with its sky blue walls, tropical fans and sandpiper murals. In addition, all of the hair stations are brand spanking new as well as the furnishings for the new spa, which features a soothing massage room.
A Hair Day Salon & Spa's hair services include shampoo and haircuts, which are still only $16 for both men and women; perms; highlights; roller sets; blow-drys and of course color. Faith Baglieri and Cindy Simmons are both hair stylists with many years of experience. Baglieri started A Hair Day salon in 1999 after prior years working and managing other salons. Simmons has been in the business since 1973 in both Sarasota and Manatee counties and with A Hair Day for almost four years. She is a color specialist and offers facials as well.
Karen Rediker handles the spa side of A Hair Day Salon & Spa with a full menu of massage therapies as well as chair massage. She also offers pedicures, manicures, facials, waxing and microdermabrasion. Rediker brings many years of experience to the new location, including a previous massage business on Anna Maria Island for 13 years.
Baglieri and her specialists aren't even close to being done. They are planning a makeup bar within the next couple of months and can host wedding parties in their very large space. Wedding groups can come to them or the A Hair Day staff will go to the wedding party location, making for a very festive pre wedding event. They even have Caitlin Walker, a makeup artist , who can't wait to get started after her training is completed.
Some of the products A Hair Day Salon & Spa offers are Paul Mitchell products as well as Nevo products, which are 100 percent vegan, gluten free and biodegradable and 5 percent of the cost goes to fighting cancer. To further support cancer research, A Hair Day Salon & Spa raises money for the Anna Maria Island Relay For Life, which takes place on Coquina Beach in May. For the event the women are raffling off two gift baskets full of great stuff, including gift certificates for their salon, and you can purchase tickets at the salon.
Soon, A Hair Day Salon & Spa will be hosting an open house to welcome everyone to their new location and offering refreshments and raffles. Watch for that date in their ad in the Sun. Baglieri invites hair stylists who would like to join her expansion to stop by and see her four great hair stations. She also wants to thank everyone who has supported the salon over the years.
Baglieri is very excited to offer both her salon and spa services to the community and indicates that she is here to stay. A Hair Day Salon & Spa is in a great location just off Anna Maria Island with its own tropical feel, but without the traffic. Change is sometimes a good thing. A Hair Salon & Spa took that leap and maybe you should too.
A HAIR DAY
SALON & SPA
Mount Vernon Plaza
9516 Cortez Road W.,
Suite 7, Bradenton
941-795-5227
Monday – Friday: 8 a.m. to 5 p.m.
Tuesday: 9 a.m. to 7 p.m.
Saturday: 8 a.m. to 3 p.m.
MasterCard, Visa & Discover Cards accepted
Dividend income from stocks is tax preferenced
Investment Corner By Tom
Breiter
As investors examine how to generate income from their investment capital, the subject of taxation on income becomes important. For those in the highest income brackets, more than 40 percent of ordinary income may be lost to federal taxes and in most states there is additional income tax at the state level (but not in Florida). Of course we are not talking about income earned inside an IRA or other tax qualified account, where taxes are paid as distributions are taken from the account, or not at all in the case of a Roth-style qualified account.
Ordinary income is that received from employment or business profits, distributions from annuities and traditional IRAs, interest payments from bonds (except municipal bonds), Social Security and other pensions.
Sheltering investment income from taxation is essentially a boost to the rate of return because you get to keep more of what you make. This is why I really like the idea of investing in rising dividend companies. Current law taxes income from what is referred to as "qualified dividends" paid on shares of common stock at lower rates than other forms of income.
Federal tax rates on ordinary income can run to over 40 percent as identified above. The current rate of tax on qualified dividend income for most investors is only 15 percent. Individuals earning over $400,000 and households earning over $450,000 pay a higher rate of 20 percent, but this is about half of the rate these investors pay on ordinary income.
I should also note there are some additional Medicare related taxes on high wage earners for both ordinary and investment income. These apply to single filers who earn more than $200,000, or joint filers who earn more than $250,000. But, the point is still valid that income from common stock dividends is advantaged from a tax standpoint.
This has not always been the case though. While dividends from common stock were totally tax-free from 1913 to 1953, with the exception of 1936 to 1939 when they were taxed as ordinary income at rates of up to 79 percent! From 1954 to 1985 dividends were taxed as ordinary income with a $50 annual exemption.
From 1985 to 2003 dividends were taxed as ordinary income with no exemption and the top rates varied from 28 to 50 percent during that time. The Bush tax cuts in 2003 reduced the tax rate to the 15 percent level for everyone, and this was then modified in 2012 to the rates cited at the beginning of the article.
A current comparison of a 3 percent dividend from a common stock versus 3 percent interest income from a corporate or government bond looks like this. The after tax yield for all but the highest income earners is 2.55% after adjusting for the 15 percent tax on dividends. If this same individual is in the 28 percent tax bracket, the after tax yield on the corporate bond would be 2.16 percent. In today's low interest rate environment this almost 0.4 percent extra yield is significant. In addition, most companies raise their dividend payment to shareholders over time, but most bonds do not increase the interest payment over time. I recommend that investors examine the role dividend paying common stocks can play in their portfolio.
Tom Breiter is president of Breiter Capital Management, Inc., an Anna Maria based investment advisor. He can be reached at 778-1900. Some of the investment concepts highlighted in this column may carry the risk of loss of principal, and investors should determine appropriateness for their personal situation before investing. Visit www.breitercapital.com.
