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Revolutionise your fitness business: master your money mindset for unstoppable growth & success

Revolutionise your fitness business: master your money mindset for unstoppable growth & sucess Are you tired of putting in long hours, sweating it out to grow your fitness business, yet somehow still falling short of your financial goals? If I’ve just described your situation down to a tee – and you aren’t the only fitness …

Childcare tax free – can you benefit?

Childcare tax-free: Could you benefit? Canyou benefit from tax-free childcare? In a climate of rising interest rates and rising inflation, every penny is likely to count. For working parents, help with their childcare costs is welcome. The tax-free childcare system can provide up to £2,000 a year tax-free. Tax-free childcare The Government’s tax-free childcare scheme allows …

The advantages of a flexible profit sharing ratio

The advantages of a flexible profit sharing ratio In a partnership, profits and losses are shared between the partners in accordance with the profit sharing ratio. This may be fixed, for example, three partners may agree to share profits in the ratio of 40:35:2; butit does not have to be. Instead, the partners can simply …

Build Strong Foundations in Your Fitness Business to Make More Money  

Build Strong Foundations in Your Gym Business to Make More Money Most gym owners do not get paid what they deserve. You put in the hours and energy and have a passion for fitness but you would realistically earn more if you got a “real job”. It hurts, doesn’t it?   To put your life savings …

Understanding the Flat Rate VAT for Gym’s and small businesses

Understanding the Flat Rate VAT for Gym’s and small businesses The Flat Rate scheme was designed to encourage small businesses to register for VAT and to reduce the administrative burden rather than to give small businesses a tax break.   To qualify for the flat rate VAT Scheme your business’s turnover must be less than £150,000 (excluding …

When should you buy capital assets – the change to Annual Investment Allowance

When should you buy capital items – the changes to annual investment allowance The Annual Investment Allowance will now remain at £1 million permanently rather than reverting to £200,000 from 1 April 2023. This change of plan may mean that businesses will want to consider their capital expenditure plans. However, companies wishing to take advantage …