Your P&L tells you what happened last month. Your balance sheet tells you where you actually stand. Eric walks through the four balance sheet numbers every gym owner should check: low cash, high liabilities, low working capital and negative owner’s equity. If something looks off on yours, you’ll know what to ask.
Why does your gym’s tax bill feel bigger than it should be every April? Gym owners often overpay because quarterly estimated tax payments are handled the same outdated way, and IRS penalties can hit even when you pay on time. Eric breaks down the payroll withholding fix we use with our clients instead, plus three […]
Are you a gym or fitness studio owner who sells retail or has a brick-and-mortar location? If so, you need a sales tax license—and …
Opening a gym, fitness studio, or personal training business? Before you train your first client or sign your first lease, you must …
