ACCOUNTANCY FOR ONLINE FITNESS COACHES
Specialist accountant for online fitness coaches
Running an online fitness coaching business can get complicated quickly.
Recurring coaching income, payment platforms, software, subcontracted coaches, digital products and multiple income streams can all make it harder to see what you’re actually making.
And as your turnover grows, there’s tax, VAT and cash flow to plan for too.
At Koyn, I specialise in accountancy and financial planning for online fitness coaches across the UK, helping you understand the numbers behind your business and make better financial decisions as you grow.
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More revenue doesn’t always mean more profit
More clients, higher prices and new income streams can make it feel like the business is growing in the right direction.
But your costs can grow with it. More software, payment processing fees, advertising, subcontracted coaches and other support can all eat into the extra revenue you’re bringing in.
And as your turnover increases, you also need to plan ahead for VAT and understand what registration could mean for your pricing, profit and cash flow.
That’s why I don’t just want you to know how much revenue your coaching business is bringing in. I want you to know what you’re actually making from it and how much of that money is ultimately available to you.
Because a bigger online coaching business isn’t automatically a more profitable one.
Know your numbers before you scale
Growing an online coaching business brings a different set of financial decisions.
- Can you afford to bring another coach into the business?
- Is your pricing actually giving you the profit you need?
- Could you reduce your 1:1 coaching and introduce a more scalable offer?
- Can you afford to invest more in marketing?
- How much can you afford to pay yourself?
- And is the business financially ready for the next stage of growth?
Those decisions shouldn’t be based on how much money came through your payment platform last month or what’s currently sitting in your bank account.
I’ll help you understand what the business can actually afford, so you can make decisions based on the numbers rather than simply hoping the extra revenue will follow.
More than just your year-end accounts
Of course, I’ll make sure the accountancy side of your business is taken care of.
But your numbers are much more useful when we look at them throughout the year, not months after your financial year has ended.
Your accounts tell us what’s already happened. I want your numbers to help you plan what happens next.
Depending on the level of support you need, that could mean looking at:
- How profitable your coaching business actually is
- Revenue and profit across your different offers
- Recurring income and monthly costs
- Planning ahead for VAT and tax
- Software, marketing and team costs
- Whether you can afford to bring in another coach or member of the team
- Pricing and profit margins
- Paying yourself properly
- Cash flow, budgeting and forecasting
- Planning financially for your next stage of growth
Accountancy support that grows with your coaching business
Not every online fitness coach needs the same level of financial support.
You might simply want to know that your bookkeeping, accounts and tax are taken care of, while still having a clear picture of where your business stands financially. Or you might want regular management accounts, financial planning and someone to sit down with you throughout the year to review your numbers and plan ahead.
That’s why Koyn has three levels of ongoing support:
Foundation
For getting the financial foundations right.
From £175 per month
Performance
For understanding your numbers throughout the year and making more informed decisions.
From £350 per month
Performance+
For online fitness coaches who want regular financial planning, forecasting and strategic support as the business grows.
From £600 per month
DOWNLOADABLE GUIDE
Self-employed and doing your own Self Assessment?
If you’re in the earlier stages of your online coaching business, you might not need ongoing accountancy support just yet.
But that doesn’t mean you should be guessing when it comes to your tax.
Self Assessment Made Simple is a practical downloadable guide for self-employed personal trainers, fitness coaches and fitness instructors, designed to help you understand what you need to do, what you need to keep track of and feel more prepared when it’s time to complete your Self Assessment.
Explore Self Assessment Made SimpleLooking for an accountant who understands your online coaching business?
Whether you’re looking for a new accountant, want more support with your numbers or you’re not quite sure what level of help you need, let’s have a chat.
Tell me a little about your coaching business, where you are now and where you’d like to take it, and we’ll work out the right next step.
Book a Clarity Call