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Questions Answered Around Economic Injury Disaster Loans & Paycheck Protection Program
More Questions Answered Around Economic Injury Disaster Loans & Paycheck Protection Program A lot of questions have come up regarding the new Government CARES Act and how it applies to gyms, boxes, yoga, barre and cycling studios. Today we’re answering 18 of your questions about the government bailout Paycheck Protection Program (PPP) and Economic Impact […]
READ MOREWhat to Do with Your Fitness Employees: Unemployment and the Paycheck Protection Program
As business owners, employees are high on the list of our concerns. For many of us, employees are like family; we work, sweat, and play together. So how do we treat our extended family during COVID-19? And what can we do to ensure they can provide for their families during these unprecedented times, while […]
READ MOREFinal-ish Guidance on Free Bailout Money for Your Gym or Fitness Business
Final guidance on the Paycheck Protection Program is here at this link. It was released Thursday, April 2 around 7pm ET. We have no resources or educators guiding us on this short timeline. Please note it is also called “Interim Final Rule” which is a bit of an oxymoron. Is it final, or it […]
READ MOREBailout Money Q&A for the Paycheck Protection Program PPP
Bailout Money Q&A for the Paycheck Protection Program UPDATES have been made to the Paycheck Protection Program as of April 2, 2020 – Read Updated Q&A Here. We also did a second round of 18 Q&A’s you can read here: Government Bailouts, PPP & […]
READ MOREEverybody Gets a Bailout! Which One is Best for Gym & Fitness Business Owners?
Follow us on YouTube and click to watch Eric discuss the topic here! The original title of this article was “Which Government CARES Act Pays You The Most? With Downloadable Decision Matrix” but I think we did a much better job with the ode to the woman, the myth, the legend, Oprah herself – […]
READ MORERent Abatement Guide With a Full Downloadable Script
Follow us on YouTube and click to watch Eric discuss the topic here! “Hope is not a strategy, action will be rewarded” Vince Lombardi paraphrased by David C Baker Welcome back to The Fitness CPA’s Covid-19 series. If you missed last week’s video and/or blog, you can check out what we recommend […]
READ MOREHow-to Preserve Cash Flow… Or What’s Left Of It
Follow us on YouTube and click to watch Eric discuss the topic here! This is the first in a special COVID-19 series of blogs and videos to help our clients and other fitness business owners through these difficult times. First and foremost, our heart goes out to all closed fitness facilities, and most […]
READ MOREUPDATE: Fitness Business COVID-19 Reputation Management and Ethical Concerns
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 […]
READ MOREHow Small Routine Checks Can Improve Your Fitness Business
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, […]
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