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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 […]READ MORE
How to Find and Buy a 2nd Generation Fitness Studio for Little or No Money Down
And Using BizBuySell: The Internet’s Largest Business for Sale Marketplace No, this isn’t a terrible car commercial. And yes, you can really buy an existing fitness studio for little or no money down. If you are thinking about building out your own fitness studio from scratch, hold on for a moment and read this […]READ MORE
What is a Colorado Periodic Report?
A Step-By-Step Guide to Completing and Filing Your Periodic Report So you are sitting down to your computer with a nice cup of coffee and checking your emails for the morning and one message, in particular, stands out to you. It reads “Reminder – Periodic Report Due”. Immediately you think to yourself… What is a […]READ MORE
What to Do When A Former Employee Files an Unemployment Claim?
If you’re reading this article, you likely received a notice from your state unemployment office about a former employee attempting to collect unemployment. Almost every month for the past 12 years, our team has worked with our clients on unemployment claims across seven states. We want to use that knowledge to help you respond to […]READ MORE
How To Register for a New Colorado Sales Tax License (a Step-by-Step Walk Through for Fitness Businesses)
Congratulations – you’re starting a new gym, Crossfit box, HIIT, cycling, yoga, Barre or Pilates studio and you need a sales tax license. We’ve registered nearly 100 businesses in Colorado and other states across the nation and we understand how confusing the process can be, especially if this is your first time. By the end […]READ MORE
What are the potential risks and rewards of opening a fitness business?
At The Fitness CPA, we have seen many successful fitness studios. We have also seen mediocre and bankrupt fitness studios. In fact, you’ve probably seen examples of each as well. So, what are the risks and perceived rewards of owning a fitness studio? Risks come in all shapes and sizes. If you’ve invested all of […]READ MORE
10 Reasons Not to Open a Fitness Studio
People open fitness studios for a variety of reasons, but they often aren’t the right ones. Here are 10 reasons why it might not be the right fit for you. 1. You think a fitness business will make you rich. It might also make you go broke. 2. You love training clients. You might teach […]READ MORE
Two reasons to open a fitness studio
If you are really into fitness and are thinking about starting your own business, you might be wondering if owning a fitness business is right for you. In our experience, there are only two reasons to open a fitness studio: 1. You have enough money to invest. 2. You have a need to create something. […]READ MORE