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Questions a Fitness & Health Coach Should Ask a Tax Strategist

Questions a Fitness & Health Coach Should Ask a Tax Strategist

FromShe Means Fitness Business


Questions a Fitness & Health Coach Should Ask a Tax Strategist

FromShe Means Fitness Business

ratings:
Length:
9 minutes
Released:
Apr 29, 2021
Format:
Podcast episode

Description

Every fitness & health coach should ask a tax strategist questions so they can plan sooner rather than later for expansion and growth. You want to save that money you’re making! Ever wish you could ask: Can I deduct my fitness clothing/shoes I wear to train clients or make videos? Can I deduct my hair and nail appointments if it’s prior to a work event or a video shoot for social media or a product? How much of my house can I deduct if it’s my home office and I also shoot videos in dedicated spaces? I’ve just recently started personal training as a solo entrepreneur. I take cash, check, Venmo and PayPal payments, what do I need to do so I have records for taxes? I’ve heard its bad to show a loss in your business for consecutive years, outside of the pandemic, is that true and what can happen? What do I need to know so I can keep more of the money I make? Do you recommend using QuickBooks? Do you recommend a bookkeeper? And How much does that cost, if so? If I run a digital business and can live anywhere, are there places that are more and less advantageous to live from a tax perspective? I remember there being some kind of tax strategy about hiring your minor kids to work for you, can you explain that? What are the biggest mistakes health & fitness coaches make when it comes to tax strategy? You’re in luck because during May and June Fitness Marketing Mastery and Flipping 50’s Build Your Business Mastermind Masterclass is hosting two lawyers and a tax strategist so you CAN ask your fitness and health coach questions. Plus, if you’re stumped for what to ask, I’ve got you covered. I will asking. Ask a tax strategist for yourself. 
Released:
Apr 29, 2021
Format:
Podcast episode

Titles in the series (100)

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