Answering all of your burning questions.
The Fitness CPA FAQs
General
Who do you work with?
We work with every type of fitness business! We work with brick and mortar fitness locations who need monthly accounting, tax services, or advisory support to run, grow and understand their business in order to maximize profitability.
Is The Fitness CPA the right accounting firm for you?
Our clients are in the sweet spot between Personal Trainer and Private Equity Firm. If you’re a single location, multi-location, franchisee or franchisor, The Fitness CPA is a great fit.
What are the next steps?
The best way to get started is to head over to our Get in Touch page. You'll answer a few questions and we'll be in touch with you to schedule an introductory call. We look forward to connecting!
Bookkeeping
My accounts are really messy. Is that going to cost extra?
We offer Bookkeeping Catch Up services to make it easy to get your books on track before moving forward. Once this is taken care of, we offer fixed monthly pricing so you know what to expect each and every month
How much is bookkeeping going to cost me?
Our bookkeeping services range depending on the size & intricacies of your business.
Is my business big enough?
We help fitness facilities, gyms and studios of all shapes and sizes organize and grow their business. We like to say, if it involves the government or is costing you money we can help. While that's a big umbrella, we work best with brick and mortar fitness locations who need monthly accounting, tax and advisory support running their business, understanding their business and maximizing profitability.
How long will it take to get caught up if I need catch up services?
To catch up on a year's worth of books typically takes our team just a few weeks. For an expedited fee, we can prioritize your work even faster.
Do I have to send over my documents every month?
With The Fitness CPA, say goodbye to downloading statements and sending documents each month. With secure, read-only access to your important numbers, we'll rarely have to bother you for the data. Don't worry, if you want to talk to us, you can still reach out any time.
Taxes
Can you file my year end taxes?
Yes, provided we also do your payroll, bookkeeping or advisory monthly accounting clients. Not sure if you're ready to work with us monthly? Let's chat to see if it's a good fit.
What do I need to submit for you to prepare my taxes?
You'll need last year's tax return and up-to-date books. If your bookkeeping needs organizing, we can catch you up first, here.
What if I already have a tax preparer I like?
That’s great! We work with many of our clients personal tax return preparers so they get the best of both worlds – the relationship of your longstanding CPA and the expertise of The Fitness CPA.
Do I have to pay back taxes right away?
We recommend filing your back taxes as soon as possible even if you are unable to pay as it may reduce non-filing penalties. Now, the sooner back taxes are paid the better so that unnecessary penalties and interest aren't added on. But if cash is tight, the IRS and state governments offer various payment plan options to help you pay over time if needed.
What do I need to get started?
You'll need to give us your financial books and previous tax return(s). That's all we need to get started on your return!
Outsourced CFO Services
Is my business ready for outsourced CFO services?
First, we'll want to make sure you have up-to-date and timely financials each and every month. Then, even small single location fitness concepts will benefit from fractional CFO services. Our lowest advisory plan meets just four times per year which is plenty to make a meaningful impact in your small business, or help bigger companies see the benefits of our advisory services before committing to a larger plan.
Do you handle multi-locations?
Multi-location gyms and fitness studios benefit the most from outsourced CFO services. Firstly, if you're overseeing multiple locations, you have better things to do than crunch the numbers. Secondly, having multiple locations allows us to compare and contrast each location to ensure it's performing its best and offer recommendations for improvement.
Do your CFO services include bookkeeping and taxes?
We package our bookkeeping, tax and CFO services together into one fixed monthly price.
Payroll
Is it easy to switch from my current provider?
Yes, we make switching a snap and do all of the hard work for you. No one likes change, but getting all your accounting services under one roof has never been easier.
What is the setup process like?
Once you’re signed up we do all the heavy lifting by moving your data over for you. From there you’ll get a secure login and you can start entering as soon as your next pay period.
Will The Fitness CPA pay my payroll taxes for me?
We pay all federal, state and local taxes for your business. We do all the hard work and stay up to date on the latest tax regulations so you can focus on running your gym or fitness studio. If there is ever a filing error on our behalf, we'll not only rectify it at no cost, but we'll also cover all fees and penalties, no questions asked.
HAVE MORE QUESTIONS? LET'S HEAR THEM!
We handle more than the average accountant. So, don’t treat us like one! Drop us a line any time you have a question or just need a sounding board. That’s what we’re here for!