Financially, do THIS before 2023

Welcome back to The Fit CFO Show, I’m your host Amanda Hanquist and together with my husband Shawn we created this podcast as a way to help you reach your business's financial goals. We will break down common financial myths and mistakes in business and share with you the tools and knowledge to take your business to the next level. Our hope is that you will become financially equipped for success in your business and in turn help our mission to make this world a healthier place. If you get valuable information out of this podcast, we ask that you please share it with your audience and leave us a review so that we can continue to grow and help health and fitness businesses succeed!

The 4th quarter is quickly coming to an end and you are one of two people in these next couple of weeks. You're the hit it home and finish it out strong, OR the, I’ve hustled all year and it’s time to chill before we blaze into the next one.

Either way, this is an important part of the year as a business owner and if you’re not taking advantage of it, you may be missing out on a lot of benefits for your business and yourself personally.

Let's get into the ins and outs of what you need to know for year end tax planning and why, if you’re a business owner, it's important to start thinking of your tax year ending December 31st, instead of April 15th.

The Top 5 tax strategies for Fitness Entrepreneurs

This is The Fit CFO Show!

There are several different tax strategies you can take advantage of to help with your taxable situation, a lot of them however have different phase outs and cut offs, so it’s important to start thinking of your tax season ending 12/31 going forward and not april 15, plus you’ll feel better knowing you’ve got things taken care of ahead of time and these are again reasons why having cash in your profit account will allow you to take advantage of more savings strategies.

As always, this is for educational purposes, seek a professional for your specific situation!

Do you find yourself stuck when it comes to business structure, organization and even taxes, well you’re not alone. Many health and fitness professionals find it easier to avoid these altogether until the feeling of overwhelm comes around again because of tax time. That’s why Fit CFO has created the Financial Blueprint for Fit Pros where you’ll learn all the Do it yourself strategies for your business, this course is perfect for fitpros making less than $10k per month, head over to our website https://www.fitcfo.com/financial-blueprint to learn more.

If you liked this episode, subscribe and turn on notifications so you don’t miss a beat. We’d love it if you’d share this podcast to your Instagram story, facebook page or any of your other social media platforms so that we can help other health and fitness entrepreneurs out there succeed in business. We so appreciate you listening in and until next time, keep your goals high but each step attainable.

Be sure to join the private Fitness Business Financial Blueprint Facebook group exclusive to health and fitness entrepreneurs.

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IG: Amanda Hanquist