TAXES! HELP! How do you keep track of it all?
I am a personal trainer, group fitness instructor and boot camp owner.I train clients in gyms, at their homes, I teach classes at various gyms and have an outdoor boot camp business. I also work with a Doctor (OBGYN) and she refers patients to me. I have alot going on ............................................
I need help getting organized! I am late on my taxes from last year and it is time for this year to get rolling! I am an excellent trainer, BUT,I am much better at the hands on part of the business rather than the business end. I will eventually fail at this, though if I don't get my act together!!!!
I am Unorganized, receipts are stashed, mileage is a guess....help!
What tools are out there to make this easier? WHAT TOOLS DO EXPERIENCED TRAINER USE TO ORGANIZE TAX PAPERS, MONEY, MILEAGE, EXPENSES, CERTIFICATIONS, ETC....EVEN KEEPING TRACK OF CLIENTS!!!DO YOU HAVE SOFTWARE YOU REALLY REALLY LOVE?Would it be advisable to hire an accountant? What do they help you with? What about an assistant? or a virtual assistant?
I train so much that I feel that I don't have the time I need to spend on office work.
Does anybody else feel this way?
Sales tax on personal training?
My understanding is that there is no sales tax for personal training in Texas, while there is on memberships... is that true?
If so, how would you compute sales tax when you offer a 6 week boot camp with one personal training session? Normally PT costs $50 alone, and the boot camp costs $149, should it be pro-rated?
If so, how do you handle it when you discount the boot camp to say, $44?
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I am a personal trainer at a gym. I have a 50/50 agreement with them and I am being paid 1099. My question is can I run everything through my business name for tax purposes? Meaning like should I have them make my checks out to my business name and do stuff like get tax write offs for certain things?
Tax issues when you are a self-employed Personal Trainer
(Dallas, TX, USA)
I live in Texas and have just launched my personal training business and have about a dozen clients that I train in their homes or my own home gym. What do I need to do regarding paying taxes?