As a personal trainer, yoga studio owner, or chiropractor, you’re dedicated to improving clients’ health and well-being. But managing the business side—legal setup, finances, and taxes—can pull you away from your mission. With extensive experience in project management and financial services, we offer tailored startup services, bookkeeping, and tax planning to help wellness professionals like you succeed. Our affordable starter plans—incorporation, basic bookkeeping, bank account, and payroll setup—along with our financial services, keeps your business organized, compliant, and profitable.
Startup Services: Building a Strong Wellness Business
Wellness professionals manage client bookings, certifications, and equipment, requiring a streamlined business structure. Our startup services are designed for your industry:
- Incorporation: We guide you through forming the right business structure for your needs to protect personal assets, crucial for professionals facing liabilities like client injuries or treatment risks.
- Basic bookkeeping: Track revenue from sessions, classes, or wellness products with cloud-based tools tailored for variable income in the wellness industry.
- Bank Account Setup: Keep client payments and business expenses separate, simplifying financial management for subscriptions or equipment purchases.
- Payroll Setup: Manage wages for instructors, assistants, or receptionists with a compliant payroll system, ideal for yoga studios or chiropractic offices.
Bookkeeping: Keep Your Wellness Finances Fit
Wellness businesses face fluctuating income from client sessions and expenses like equipment or studio rent. Our bookkeeping services, including the basic bookkeeping in our starter plans, keep you organized:
- Track Revenue Streams: Monitor income from personal training, group classes, or product sales (e.g., supplements, yoga gear), ensuring accurate records across platforms.
- Manage Expenses: Categorize costs for equipment (e.g., weights, treatment tables), certifications, or marketing, vital for profitability in markets like Northwest Montana.
- Real-Time Insights: Access financial data to optimize pricing, plan class schedules, or manage inventory, boosting client retention and revenue.
Tax Planning and Preparation: Maximize Wellness Savings
Wellness professionals have unique tax opportunities, but navigating deductions and compliance can be complex. Our tax services help you save:
- Leverage Deductions: Claim write-offs for equipment, studio rent, or professional certifications, like a personal trainer we helped save $6,000 by deducting fitness gear and training courses.
- Self-Employment Tax Strategy: Plan for quarterly estimated taxes to avoid penalties, tailored to fluctuating wellness income.
- Stay Compliant: Our integration with basic bookkeeping ensures accurate IRS filings, tailored to cash-basis accounting common in wellness businesses.
Why Wellness Professionals Benefit
- Save Time: Focus on client transformations and studio growth, not paperwork. A yoga studio owner we worked with saved 10 hours a month using our basic bookkeeping to track class revenue.
- Stay Compliant: Meet IRS and industry regulations, crucial for professionals handling client health data or liability risks.
- Grow Your Business: Reinvest tax savings into new equipment, expanded classes, or marketing to attract more clients.
Get Started Today
Don’t let administrative tasks weigh down your wellness business. Our affordable starter plans (incorporation, basic bookkeeping, bank account, and payroll setup) and expert bookkeeping and tax services are designed to keep your personal training, yoga studio, or chiropractic practice thriving. Contact us for a free consultation or visit our pricing page and start building a business as healthy as your clients.
Focus on wellness, not worries—launch and grow with confidence.