Author Archives: Eric Killian

UPDATE: Fitness Business COVID-19 Reputation Management and Ethical Concerns

coronavirus financial advice

Recommendation for Closure: Fitness Business COVID-19 Reputation Management and Ethical Concerns   March 17, 2020 Please share with your fellow business owners. Based on CDC social distancing guidelines, we are recommending that all fitness facilities temporarily close. The damage of closing for one week or one month can be traumatic for most businesses who live […]

How Small Routine Checks Can Improve Your Fitness Business

Improve Fitness Studio with Small Changes

We recently did a webinar with Nexo Insurance Services, an insurance company with decades of experience focused purely in the fitness industry.  We discussed what fitness businesses can do to improve their business from both an insurance and accounting point of view. Insurance & accounting… riveting, we know! The webinar sparked a few interesting topics, […]

Managing Employee Costs as a Fitness Business Owner

Managing Employee Costs in Fitness Business

 Follow us on YouTube and click to watch Eric discuss the topic here!   Maybe you are interested in opening a studio and don’t know where to start, we can help you before you make the mistakes. Or maybe, you’ve been running your fitness business quite successfully for some time now. You’ve run a […]

Where is All the Money Going in Your Fitness Business?

The Fitness CPA_Improving Fitness Business Revenue

Follow us on YouTube and click to watch Eric discuss the topic here!   While your fitness business may be surviving you might be asking yourself, “where is all my money going at the end of the day?” “As hard as I work, shouldn’t I have some money left over after paying the bills?” “I’m […]

What Gym Retail Can Mean For Your Fitness Business

If you opened this page expecting to read a convincing case for why you should open a retail space at your gym, we might disappoint. It turns out retail business – especially gym retail business – is hard. Burpees at the end of a long training session hard.   We’re going to be real with […]

10 Tips For Your Fitness Retail Space

Fitness Center Accounting Retail Tips

If you’re reading this right now, you’re probably wanting a few (or 10) tips on how to improve your fitness retail space. We’ll get to that, I promise. But first let’s go over what retail should & should not mean for your fitness business. In our opinion, your retail space is an add-on. It should […]

Diary of a CPA’s First Cyclebar Class – What You Can Take Away from My Experience

cycle bar victory

First, know this. We love working out with our people. Last week, I went to my first cycling class at Cyclebar Fort Collins. I’ve taken part in all kinds of fitness classes such Pilates, Crossfit, HIIT, and every level of yoga. To be completely honest, I can’t believe it has taken me this long to […]

5 Reasons Fitness Business Owners Aren’t Working With Us (Yet)

Fitness business owner laptop

If you’re reading this right now, one of two things is true: You’ve contacted us with an inquiry already You’re browsing our content and wondering whether to reach out You’ve dipped your toes in the water. Whether you’re running back to the beach screaming or you’re still there wading ankle-high and undecided, you’ve taken some […]

What Bank Support is Required to Ensure Safe and Secure Direct Deposits to Employees?

Bank Account Direct Deposit Supporting Documents: Checks vs. Bank Authorization vs. Bank Statements Are you tired of your accountant telling you that your payee’s payroll forms are wrong or missing information?    Or, worse, that the bank support and the payee’s paperwork do not match? Well, as “the accountant” I know your frustration.  Why do banks […]