Do This Once A Month to Keep On Top Of Your Finances

Do This Once A Month to Keep On Top Of Your Finances

Do This Once A Month to Keep On Top Of Your Finances

This week is all about getting finances in check and making sure next year is a positive year

On Monday, Debbie gave us great tips on things we should consider when it comes to accounting and bookkeeping πŸ–Š

Yesterday, I shared 3 key things we have done as a gym owner to maximise our profit..

Today though, it’s What’s Working Wednesday

And I’m sharing with you a key thing we do once a month to keep on top of our finances

⬇️ ⬇️ ⬇️

We all have to pay tax

And at some point, you may start paying VAT too

This is the bane of our lives!

We dread these bills…

The minute you hit that threshold

You either up your payments or take less of a profit

For us, we increased our prices a little πŸ’Έ

We took a hit, and they took a hit

So today, we’re going to base our tip on a 20% tax bill and 20% VAT bill

Every single month, no matter the outgoings or sources of income

We look at the collective income and take off 20% and put it into a savings for VAT

We then take another 20% for the tax

Then, when the end of the financial year comes it’s ready and waiting

The good thing you know about this is, it’s never going to be that amount

Maybe your accountant has got it down

But if you save the exact amount you will have some leftover once you have paid that bill!

These are the two things I would suggest you do!

On the first of the month, make sure you transfer over into different savings accounts

So you don’t end up in trouble!!

Debbie goes into far far more detail on finances during our Guest Interview Episode on Monday

So, if you’re interested…go check it out!

David πŸ™‚

5 Tips on Software and Automation Systems

5 Tips on Software and Automation Systems

This week is all about systems and automations Yesterday Ryan shared his software company, his fitness business and all of the most popular trends amongst FitPros  Today I'm sharing 5 automations and software tips 😎 1️⃣ Map EVERYTHING Down. You see, automations -...

Here’s Why You Need To Be Explaining & Confirming To Your Leads

Here’s Why You Need To Be Explaining & Confirming To Your Leads

This week has been all about systems and automations 😎 We started with Ryan giving us an insight into what he does for his software company and sharing his experience working with lots of other FitPros Yesterday we shared 5 tips of systems and automations 5️⃣ Today...

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I Help FitPros Around The World Generate Leads On A Daily Basis, With Lead Generating Websites, Laser Targeted Facebook Ads and “The Portal”

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5 Tips on Software and Automation Systems

5 Tips on Software and Automation Systems

This week is all about systems and automations Yesterday Ryan shared his software company, his fitness business and all of the most popular trends amongst FitPros  Today I'm sharing 5 automations and software tips 😎 1️⃣ Map EVERYTHING Down. You see, automations -...

Here’s Why You Need To Be Explaining & Confirming To Your Leads

Here’s Why You Need To Be Explaining & Confirming To Your Leads

This week has been all about systems and automations 😎 We started with Ryan giving us an insight into what he does for his software company and sharing his experience working with lots of other FitPros Yesterday we shared 5 tips of systems and automations 5️⃣ Today...

Hi I’m David πŸ™‚

I Help FitPros Around The World Generate Leads On A Daily Basis, With Lead Generating Websites, Laser Targeted Facebook Ads and “The Portal”

Download Your FREE "Copy & Paste" Guide

Let's Connect...

Message Me Personally On FB

Message The Facebook Page

Join The Facebook Community

Message Us On Instagram

Message Us On LinkedIn

Watch Us On YouTube

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