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 […]

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 […]

32 ways to get the maximum value out of your business

32 ways to get the maximum value out of your business A question I get asked all the time is: ‘What can I take out of my business?’ and ‘how do I save more tax?’ Well, the quick answer is, ‘there’s up to 32 ways to get value out of your business, tax efficiently.’ Yep, […]

Work Hard, Play Hard….Protect Your Success

Work Hard, Play Hard….Protect Your Success As a business owner I’m driven by two things: working hard to protect my future and success for my family and delivering the properfinance function small businesses need. And like all my clients, I’ve worked my butt off to get where I am today. However, setting up my business […]