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!
Category Archives: Staff
Business Ownership, COVID-19, Staff, Taxes
Finally… The Paycheck Protection Program Flexibility Act (Explained)
04
Jun
Jun
First off, this post is about the changes to the PPP program in the Paycheck Protection Program Flexibility Act of 2020 only. If you want a full breakdown of the PPP program please check out other blogs which go into much more detail. Second, we understand you are frustrated, and the changes are two months […]
Business Ownership, COVID-19, Staff, Taxes
This Is Why It’s Not Too Late to Get Thousands in PPP & EIDL $$$
27
Apr
Apr
We know you’re frustrated – we are too. But if you’re a gym or fitness studio, please read this blog closely. This may be your final opportunity to obtain thousands of dollars in PPP and EIDL funds (or to be next in line if they are refunded at a later time). If you’d rather […]
Business Ownership, COVID-19, Staff, Taxes
More PPP Funding is Coming. Act Now and Get Thousands $$$
21
Apr
Apr
We’re not pitching accounting services today, hell, you might not be open next month if you don’t get some cash coming in. Today, we’re getting you money from the next round of PPP funding so you can keep your business open. Do you want to keep fighting and keep your business alive? Then read on […]
Business Ownership, COVID-19, Staff, Taxes
Questions Answered Around Economic Injury Disaster Loans & Paycheck Protection Program
14
Apr
Apr
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 […]
Business Ownership, COVID-19, Staff, Taxes
What to Do with Your Fitness Employees: Unemployment and the Paycheck Protection Program
08
Apr
Apr
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 […]
Business Ownership, COVID-19, Staff, Taxes
Final-ish Guidance on Free Bailout Money for Your Gym or Fitness Business
03
Apr
Apr
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 […]
Business Ownership, COVID-19, Staff, Taxes
Bailout Money Q&A for the Paycheck Protection Program PPP
02
Apr
Apr
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 & […]
Business Ownership, COVID-19, Staff, Taxes
Everybody Gets a Bailout! Which One is Best for Gym & Fitness Business Owners?
01
Apr
Apr
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 – […]
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