Author Archives: Eric Killian

Recovery Startup Business For The Employee Retention Credit

Recovery Start Up Business ERC

Started a Business in 2020 or 2021? You May Qualify as a Recovery Startup Business For The Employee Retention Credit If you started a business just prior to, or during, the pandemic… we’re sorry?  But in all seriousness, congratulations on achieving a big milestone during such a tumultuous time. And we may have some encouraging […]

NPE and The Fitness CPA Join Forces To Help Accelerate Fitness Businesses

NPE The Fitness CPA Partnership

NPE and The Fitness CPA join forces to help fitness businesses improve profitability and accelerate growth.   Here at The Fitness CPA, we’re excited to announce that we’ve officially become a part of the NPE faculty. Are you familiar with the team over at NPE? If you aren’t yet, here’s your sign to check them […]

Join Free Virtual Event: The Fitness CPA x Club Industry Future of Fitness 2021

Eric Killian, CPA of The Fitness CPA will be a guest speaker during Club Industry’s Future of Fitness 2021 Virtual Event on Wednesday, June 16, 2021.  If you aren’t aware of Club Industry yet, you’re going to want to check them out. They are a knowledge powerhouse within the fitness industry, covering content from trending […]

Why are gyms and fitness businesses getting back SO much money from the employee retention credit?

Employee Retention Credit for Gyms

 Would you rather watch than read? Join us over on YouTube!   If you’re anything like our current clients, you’re probably skeptical of why so much money in tax refunds and credits is available from the Employee Retention Credit.   “I thought, “No Way!?” Is this a prank? We’re getting back $116, 323! The […]

Why You Haven’t Heard About The Employee Retention Credit Yet

Employee Retention Credit vs PPP

“Why haven’t I heard about ERC like I have PPP?” This is a common question we get when it comes to the Employee Retention Credit (ERC). If we think back to 2020, it feels like PPP 1.0 and PPP 2.0 dominated every accountant-led conversation.   I know we certainly wrote an endless amount of content […]

Why Gym, Studio, & Fitness Owners Qualify for Thousands in ERC $$$ (even if you don’t think you do)

ERC for Gyms

Have you heard the phrase “ERC” being thrown about?  It stands for: Big Money Is On The Table For Your Business To Grab.   Ok, not really.  ERC stands for Employee Retention Credit. But in all seriousness, it probably does mean tens of thousands of dollars in the form of a refund check for your business.  […]

FAQs: Employee Retention Credit

ERC Frequently Asked Questions - The Fitness CPA

While the Employee Retention Credit (ERC) has been around since March 2020, recent changes in legislation have meant that it’s coming into the spotlight now more than ever. Why? The new rules allow businesses to claim both PPP and ERC – and retroactively claim funds all the way back to Q1 2020. Pretty great, right? […]

What the Heck is the Employee Retention Credit (ERC)? 

We know what you’re thinking (and many of our clients thought it too!): “Is the Employee Retention Credit real? This seems too good to be true.” We promise: it is real, and it’s not too good to be true. On average, our clients at The Fitness CPA have received $57,000 in cash through the Employee […]

Tax Deadlines and Government $$$ Updates for Gyms & Boutique Studios

Tax deadlines for gyms 2021

Should you extend your business tax return this year, and what government funding is still available? These are a few of the questions we’ve been asked recently here at The Fitness CPA.  The answer? It depends.  Our goal here is to answer some of your tax questions as a fitness business owner and look at […]