If you're in the fitness industry, chances are you've offered a free introductory promotion to new members. Free class, free week, free month - you name it! And while this may be a popular tool to get people in the door, is it really the best approach to growing your business?

Trainers and fitness coaches talk a lot about doing the “extra 1%”; a principle that when consistently applied, transforms seemingly small actions into noticeable progress. For those committed to fitness, the “extra 1%” could mean doing the extra rep, using your best form even when the instructor isn’t watching, or finishing the final 30 seconds of your AMRAP strong.

A common mistake made by many business owners is the failure to maintain separate business and personal expenses. Whether paying for personal items out of your business bank account or using a personal credit card to make business purchases, this business practice is one that ends up being problematic for multiple reasons.

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.

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 […]