Our practitioners remove the stress of managing your finances, leaving you to concentrate on making a success of your business.
We remove the stress of managing your finances, leaving you to concentrate on making a success of your business. We understand that administrative responsibilities such as managing your business finances, or completing tax returns can be a real burden. Our service has been designed for fitness professionals who operate as sole traders or through their own limited companies. We aim to make your life easier, by taking on those very tasks which can sometimes make the decision to ‘go it alone’ a difficult one. If you are a contractor working through a limited company then visit who specialise in providing tax advice and accountancy services for limited company contractors. We also provide a tailored accountancy service for SME’s.
We don’t want our clients to be scared to contact us and potentially lose out on valuable tax saving advice. It’s even more important when you first start out as you really need to set your business up in the best way possible. As a start up you’ll probably have loads of questions and will really appreciate the fact you can call your accountant without the fear of racking up large bills.
Our low cost, all-inclusive fixed-fee accountancy service includes access to your own accountant throughout the year, so you never need to worry about picking up the phone and then receiving a bill afterwards for the privilege, and covers all your business and personal tax affairs. All clients additionally receive:
If you are working through a limited company then visit Abana Ltd (our parent company)
Qualifications don’t equate to a great personal trainer or fitness instructor, you need to have great communication skills, a determination to succeed and, most importantly a passion for fitness.
If you want to be successful as a personal trainer or fitness instructor, you’ll need to play the market to your advantage. Below are a few handy hints to get you started:
Use forums– Forums are great, they are full of experts and are excellent places to ask lots of questions. Learn from others experiences, forum users are only too happy to explain how they did it.
Get certified – Call some local gyms and find out what they would look for when recruiting. Find the one you want and then find reviews, use the forums and really investigate if they’re any good.
Work out– Go to the gym, get fit, eat the right food, look the part, smile and be friendly, you need to be confident, friendly and aspirational.
For sure you’ll earn more being self employed. Becoming a freelance personal trainer or fitness instructor is a great way to work – you can be your own boss and maximize your earnings. However, if you’re new to fitness it’s certainly worth being employed at your local gym to start with in order to learn the ropes! You can freelance part time after work hours and once you’ve built up some clients you can fully commit yourself to freelance fitness work.
Word of mouth– should be your number one source.
Life cycles – think about people’s life cycles – when do they want to become fitter, healthier, slimmer? Some groups of people that may be interested in a personal trainer or fitness instructor include brides-to-be, new Mum’s or to help with another pursuit e.g. local sailing club, scuba diving club, cycle club, walking club etc. Think about your target group and make sure you advertise to them with messages they’ll want to hear. Offer to run seminars or taster sessions for free.
New mothers – having a baby can be the most wonderful moment in any woman’s life. However, shedding the baby weight after can be a real hurdle and many new Mums will be looking for a personal trainer. Think about where new Mums go (nurseries, baby clubs) and put posters up, run free seminars and network!
Work places– put posters up in the canteens, ask local companies to send an email with a special offer / discount to their employees, run free health surgeries at lunchtime.
Local advertising – advertising can be very expensive with limited results but if you are going to pay for advertising, make sure it gets in front of your potential customers. Think about where your customers will be looking and what they’ll want to hear.
Get a website – people may search for ‘Personal trainer in XXX town’.
Stick a banner on your car – sounds tacky but somebody could see it and call. Help family and friends for free – they’ll tell their friends but make sure you charge them! Freelancing at your local gym – limited hourly rates but they may help you get your foot on the ladder. There are a hundred and one things you can do to get started, really push yourself and go for it! You’re going to grow your business one client at a time.
Go that extra mile – Just because a client doesn’t sign up for nutritional advice it doesn’t mean you shouldn’t give them hints or tips. You never know, if you help them and prove yourself with a little advice, they might want to sign up later.
The faster progress a client makes the more likely they are to keep using you and more importantly they’ll recommend you. You should be looking for at least 50% referral for new customers. Imagine the scenario, you’ve been training a client and his or her friend says ‘wow you look amazing’ you can be almost 100% sure that they will say in a confident and powerful way ‘well I owe it all to XXX they’re my personal trainer, they’re fantastic, here give them a call’.
Move with the trends – whether it’s Atkins or the latest diets make sure you’re up to date and try to know more than your clients. You’re clients will ask if you know about XYZ which the latest celeb or sports supremo is using, make sure you’re always one step ahead.
For more information on finding freelance work click the link and also download our exclusive Guide for Freelancers.
As an employee salaries are from around £12,000 – £20,000 depending upon experience and location plus you’ll usually get 20 days paid leave, free fitness membership, discounts on goods and a few free or heavily discounted memberships for friends and families.
As a freelancer you’ll earn from …. well that really depends on you. You’ll find stories on sites where personal trainers earn £100,000 plus or just £10,000; mostly likely you’ll have a range of clients paying a range of prices.
Insurance Professional liability Insurance is vital to protect yourself against claims that you have provided incorrect advice or negligent services. Annual fees are around £165 for £100,000 of cover.
Not so much of an issue if you’re working a few hours here and there at your local gym that pay you net i.e. they take care of the tax issues.
However, if they are paying you as a sole trader even if it’s just a few hours a week whilst holding down a full time job or trying to make a full time business of it, you’ll need to complete HM Revenue and Customer form CWF1 within three months of trading to register yourself as self employed – if you don’t you’ll be fined £100.
Once you’ve submitted the CWF1 you’ll need to pay class two NI which is roughly £2.40 per week (2009/10). Once your profits exceed roughly £5,715 (2009/10) there’s a good chance you’ll need to pay Class 4 NI which is 8% (2009/10) of your profits.
Once you’ve worked out your profits from your income and expenses you’ll need to complete a self assessment tax return which is another HM Revenue and Customs form this one’s roughly eight to twelve pages long.
So do you need an accountant? All depends on you, if you’re doing a few hours here and there and the gym takes care of you tax liabilities probably not. But if you’re serious about your business it’s probably something you should consider. If you’ve just started out as a freelancer or run a small business, you’ll definitely need a small accountant and there are plenty of options out there! However, most accountants will charge you every time you get in touch with them; for every phone call, email or meeting.
We don’t want our clients to be scared to contact us and potentially lose out on valuable tax saving advice. It’s even more important when you first start out as you really need to set your business up in the best way possible. As a start up you’ll probably have loads of questions and will really appreciate the fact you can call your accountant as many times as you like without the fear of racking up large bills.
Our low cost, all-inclusive fixed-fee accountancy service includes unlimited access to your own accountant throughout the year, so you never need to worry about picking up the phone and then receiving a bill afterwards for the privilege, and covers all your business and personal tax affairs needs. All clients additionally receive:
To appoint us as your accountants, please fill in our online Client Agreement Form.
Please complete the short form below to become a client of Intatax and never worry about your tax or accountancy affairs again.
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