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 🖊

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 💸

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 🙂

It just saves me SO MUCH time

It just saves me SO MUCH time

The statement above is the exact words a returning FitPro Portal client said to us this week And he is talking about the Social Stack 💪 This is the ‘Copy & Paste’ social media pack that gets added to the FitPro Portal each month 🙌 30 Engaging posts Plus 30 Canva...

FREE LIVE TRAINING… How Ella Generated 1 Million In Sales

FREE LIVE TRAINING… How Ella Generated 1 Million In Sales

On this FREE live training we're going to be talking to Ella on all about how she generated 1 million in sales! 💵Ella will be talking about her tricks of the trade and tips to help you get your clients to say YES over the phone just like she did!Don't miss out...

Upping Those Profit Margins

Upping Those Profit Margins

This week is all about getting your finances in place On Monday Daniel came on to explain the Profit First Formula Tuesday we shared 4 tips on what's working for us at DKnine Fitness ❗️ Wednesday we looked at your Facebook Ad numbers And yesterday we shared a...

Hi I’m David 🙂

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...

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It just saves me SO MUCH time

It just saves me SO MUCH time

The statement above is the exact words a returning FitPro Portal client said to us this week And he is talking about the Social Stack 💪 This is the ‘Copy & Paste’ social media pack that gets added to the FitPro Portal each month 🙌 30 Engaging posts Plus 30 Canva...

FREE LIVE TRAINING… How Ella Generated 1 Million In Sales

FREE LIVE TRAINING… How Ella Generated 1 Million In Sales

On this FREE live training we're going to be talking to Ella on all about how she generated 1 million in sales! 💵Ella will be talking about her tricks of the trade and tips to help you get your clients to say YES over the phone just like she did!Don't miss out...

Upping Those Profit Margins

Upping Those Profit Margins

This week is all about getting your finances in place On Monday Daniel came on to explain the Profit First Formula Tuesday we shared 4 tips on what's working for us at DKnine Fitness ❗️ Wednesday we looked at your Facebook Ad numbers And yesterday we shared a...

Hi I’m David 🙂

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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