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Why are gyms and fitness businesses getting back SO much money from the employee retention credit?
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 […]
READ MOREWhy You Haven’t Heard About The Employee Retention Credit Yet
“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 […]
READ MOREWhy Gym, Studio, & Fitness Owners Qualify for Thousands in ERC $$$ (even if you don’t think you do)
Have you heard the phrase “ERC” being thrown about? It stands for: Big Money Is On The Table For Your Business To Grab. Ok, not really. ERC stands for Employee Retention Credit. But in all seriousness, it probably does mean tens of thousands of dollars in the form of a refund check for your business. […]
READ MOREFAQs: Employee Retention Credit
While the Employee Retention Credit (ERC) has been around since March 2020, recent changes in legislation have meant that it’s coming into the spotlight now more than ever. Why? The new rules allow businesses to claim both PPP and ERC – and retroactively claim funds all the way back to Q1 2020. Pretty great, right? […]
READ MOREWhat the Heck is the Employee Retention Credit (ERC)?
We know what you’re thinking (and many of our clients thought it too!): “Is the Employee Retention Credit real? This seems too good to be true.” We promise: it is real, and it’s not too good to be true. On average, our clients at The Fitness CPA have received $57,000 in cash through the Employee […]
READ MORETax Deadlines and Government $$$ Updates for Gyms & Boutique Studios
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 […]
READ MOREHow-to Use Google My Business To Generate More Leads
We’ve touched briefly on the importance of having a Google My Business Profile for your fitness business in a previous blog, as it’s important to showcase customer reviews in order to boost trust and credibility in your brand. Remember, the one on Google reviews? If you haven’t read it yet, we recommend skipping over there next. […]
READ MOREOpening a Gym or Fitness Studio? Part II: Research & Negotiations
Welcome back to our two-part series on our guide for opening a gym franchise in 2021, based on a recent podcast appearance on All Things Franchising. If you haven’t tuned in yet, All Things Franchising is hosted by Linda Ballesteros of Mpower Franchise Consulting, a consulting company that helps new business owners through the process […]
READ MOREOpening a Gym or Fitness Studio? Part I: Read This First
We recently made a guest appearance over on the popular podcast, All Things Franchising, where we shared our insight on opening a gym in 2021 and the future of the fitness industry. If you haven’t tuned in yet, All Things Franchising is hosted by Linda Ballesteros of Mpower Franchise Consulting, a consulting company that helps new […]
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