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	Podcast:		TwoBrainRadio
	Episode:		7 Tax Strategies to Save Big Money as a Gym Owner
	Category:		Health
	Duration:		00:30:53
	Publish Date:		2024-12-19 05:00:00
	Description:		Tax season doesn’t have to be a headache; smart planning can reduce stress and save gym owners money. In this episode of “Run a Profitable Gym,” former multi-gym owner John Franklin joins host Mike Warkentin to share seven tax strategies every fitness entrepreneur should know: - Keep your books clean and updated. - Get a tax estimate. - Don’t waste money to "save on taxes." - Hire your kids. - Use bonus depreciation. - Max out retirement contributions. - Open a health savings account (HSA). John dives into each strategy to help you make smarter financial decisions and reduce your tax bill. Plus, he shares a bonus tip for gym owners who earn over $100,000 per year. Don’t let tax season catch you off guard—tune in now and take control of your finances! To get Chris Cooper's model profit and loss (P&L) statement, join Gym Owners United using the link below. Links Gym Owners United Book a Call 03:26 - Updating your books at tax time? 08:51 - Getting a tax estimate 11:54 - Don’t waste a dollar to save 35 cents 17:47 - Utilizing bonus depreciation 24:46 - A bonus strategy
	Total Play:		0