When starting up or purchasing a personal training business or gymnasium consult a WLM Accountant to ensure you have the right structures in place to suit your growing business. Your accountant will help you assess the cost vs benefit of structures that protect your significant investment in your new business and provide flexibility as the business grows.
We will help you prepare business plans and cash flow forecasts. In this process we can review with you the cost of franchise fees, gym equipment, leasehold improvements, IT, marketing, signage, payroll obligations and stock. We will look at your financing costs and help you estimate the returns on your investment.
At WLM, we will also take into consideration the small business structure rollover and other small business taxation concessions. In setting up structures we will also consider the new Personal Property Securities Register rules.
We offer a full suite of bookkeeping, accounting and payroll services that can be tailored to meet your accounting requirements. We have a wide range of software tools including Xero that will be ideal for your business.
We will also assist you in determining the appropriate rates of pay under the Fitness Industry Award 2010 and other payroll obligations.
Through our affiliate partners we can also help you locate suitable funding to finance your gym fit out, equipment, franchise fee, motor vehicle or van.