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How much does accounting cost for gym owners?

How much does accounting cost for gym owners? This must be the most common question I am asked and let’s be honest we all expect that answer to be available at the click of a button nowadays. However, I will liken it to when you got a price for your gym fit out, you did …

You use Xero in your gym business, so do you really need an accountant?

Do you really need an accountant for your gym business if you use Xero? So, you have cloud accounting software in your gym business, your bank (or gym management software) feeds into the accounting software and the software makes suggestions for where to reconcile the bank. Therefore you feel like an accountant is a waste …

5 common accounting mistakes that could hurt your gym business

5 common accounting mistakes that could hurt your gym business Many gym and fitness centre owners – especially those just starting out – tend to handle their own accounting and bookkeeping. However, keeping track of the finance-side of the business– everything from income to expenses to tax compliance– can be overwhelming. Mistakes can happen quite …

Should you voluntarily register for VAT for your fitness center/gym?

Should you voluntarily register your fitness center / gym for VAT? You are considering starting up a new fitness facility and the outgoings are racking up fast. You need to purchase the equipment up front, sign leases, pay consultants for gym design/layout etc, most of these businesses are likely to be VAT registered. You are …

Why is our tax service different and how does this benefit you?

Why our tax service is different and how does it benefit you? There are 3 ways that we deliver over tax service to you as a client.  The 1st is vitally important, its tax compliance, its how we help you account for the taxthat is due and therefore we help you fulfil your compliance obligations …

Independent Gyms Partnership

Independent Gyms Partnership announcement The wait is finally over – we’re really excited to let you all know that the brand new Independent Gyms Platform is live!Head over to www.independentgyms.co.uk for a closer look. There are some great features on the platform from downloadable documents, to preferred partners with discounts, to events/workshops and webinars, to a variety …

7 signs that your business is leaking profit

7 signs that your business is leaking profit …..and you need to hire an accountant 7 signs that your business is leaking profits and you need to hire an accountant.   Accountants play an important role at various stages of the growth of your business. They can handle much more than just your payroll and tax returns. So, when should you consider hiring an …

Trivial Benefits – what are they?

What are trivial benefits? Should you care? What are trivial Benefits? Trivial benefits are best described as small ‘token gifts’, given by management to their employees. This can come in any shape or form but generally speaking, they are typified by gestures such as bottles of wine, chocolates, beer for the office, or team lunches. Essentially little …

Collect your debtors faster

Collect your debtors faster Did you know that you still have to pay tax on your debtors, even if you haven’t yet collected them?  This is because you pay tax on your sales figures, whether you’ve collected the cash or not.  So, how do you collect your debtors faster?  Agree your payment terms at the time of …

Zero to Hero

From Zero To Hero Event Learn how to be wildly profitable with ease even if you’re a newbie! We help you to go from zero to hero! What you’ll get from this event For attending From Zero To Hero live online This is an unprecedented event for the health & wellness industry, with 13 top expert speakers …