You’ll need to answer some tough questions, visualize the type of business you want to set up, put time into a business plan, consider finances,…
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Tag: money
How Much Money Does it Cost to Start Up a Gym?
Factor in start-up costs, operating expenses, capital, equipment, and income earning potential when starting your own gym to set yourself up for success. Here are some…
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It is Time to Raise Your Personal Training Prices
Raising prices is scary for many personal trainers. The fear is clients might get angry and quit. Don’t be scared. Think through it and handle…
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Tracking Income Like a Pro: Financial Planning for Personal Trainers
Personal training is the type of job that fluctuates in income because clients go on vacation, they get sick, and they sometimes quit. Until you…
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5 Personal Trainer Tax Questions Answered
Why does tax advice vary with different accountants? I don’t think it’s so much variability between accountants (this isn’t a super-complicated area of tax law).…
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Personal Training Pricing – How to Set Your Rates
Before you analyze your competition and current market prices there is one crucial foundational component of setting your rates to consider. Many personal trainers set…
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NFPT Live: Fitness Accounting and Bookkeeping Foundations – Ep 24
Everybody wants more money. Just like everybody wants to be fit. You know that being fit requires commitment. The same is true for finances. Education…
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Financial Planning for Personal Trainers: Expenses
Some personal trainers bring home the bacon in the fitness industry, while others are just barely scraping by. Regardless of how much money a personal…
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Tax Planning For Personal Trainers: Getting Organized
If you’re an independent contractor or business owner than by now you probably know you have to file your own taxes each year. It can…
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Tax Planning For Personal Trainers: Estimated Payments
Who has to pay taxes? Everybody does. Employees may not realize it because taxes are deducted automatically from their paychecks. Independent contractors and business owners…
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Tax Write Offs For Personal Trainers
Listen to this Article: This content was updated in February 2018 and reviewed by Julie Kostelecky, CPA, CVA of Rudd and Company. If you’re an…
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Tracking Mileage for Personal Trainer Tax Deductions
An hour or two of time the tax tips below can earn you an extra $500-$3,000 this year. Don’t let the small task of tracking mileage cost…
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