Are you a tennis or racquetball club owner who’s been led to believe that the Employee Retention Credit (ERC) isn’t for you? Think again! Here at The Fitness CPA, we’ve worked with a lot of tennis and racquetball clubs over the past few years that wrongly thought they didn’t qualify for the Employee Retention Credit (ERC) or they filed already and received hundreds of thousands of dollars less than they should have.

Have you heard of ‘the butterfly effect’? It’s a phrase used to illustrate the concept that small, seemingly insignificant actions or decisions can lead to, or result in other unpredictable and far-reaching consequences in life. In the accounting world, we refer to this as “deemed elections” – a passive choice that occurs as a result of having made another choice. In other words, choosing one option might implicitly mean not choosing another.

Are you a fitness business owner? Then, you know that hiring instructors is a crucial decision. One of the key choices you'll face is whether to classify them as employees or independent contractors. In this post, we'll help you navigate this decision by exploring the factors you should consider, the risks involved, and when it's suitable to use each option. Get ready to make an informed choice!

Curious what secrets accountants are holding back about the Employee Retention Credit? Here are 5 Employee Retention Credit (ERC) tips you'd pay an accountant for.

If you’re anything like our current clients, you’re probably skeptical of just how much you can get back in tax refunds and credits from the Employee Retention Credit.  $34,000? $116,000? $365,000!? These are real numbers! More importantly, these are real amounts of cash being received by fitness businesses and gyms across the country thanks to […]

Like most good things in life, you have to ask yourself:  Is the reward worth the effort?  When it comes to getting that last wrinkle out of your linen shirt, we’d say the answer is probably “no”.  If we’re talking about potentially receiving tens of thousands of dollars back for your business after an incredibly […]

Today’s guest post is by The Fitness CPA’s recommended human resources company, ERG HR.  If you haven’t yet heard of ERG for fitness HR services, we strongly recommend you check them out! Most fitness business leaders don’t have the time or expertise to properly manage HR compliance. ERG created a simple framework that combines people […]

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 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 […]