Our Services
We provide bookkeeping, tax filing, and payroll services along with strategies to drive growth in profits and reduce taxes owed.
See our standard service bundles below. On our pricing page you will see how these are typically packaged together.
Core Services Bundle
-
Manage the general ledger and ensure accurate financial records.
Prepare financial statements (income statements, balance sheets, cash flow statements) to track performance.
Ensure compliance with tax regulations and reporting requirements.
-
We take the extra step to provide you with our own “Profitability Report” and “Tax Burden” reports. These really help provide insights to make it easy to see areas for improvement.
Monthly reporting.
-
We file your taxes for you, both personal (1040) and business (1040 Schedule C, 1065, 1120-S).
Trust that you are filing to the highest standards possible with the IRS. We know the IRS Tax Audit process better than anyone else, we are helping to build it now!
-
Forgot about payroll headaches! We handle it all, from taxes to timesheets.
Run payroll for all your employees. Can include vendor payments too for 1099 contractors. Setup federal withholding taxes paid via 940 or 941. State and Federal Unemployment Insurance payments and accounts handled.
-
Taxes and Legal liability are two different things. We provide services to verify and maintain a separation of your personal entity and the business entity, avoiding any risk to your “Limited Liability” status.
Advanced Services Bundle
-
This is the game changer and where we bring our most value. Using our unique knowledge, we work with you to develop a 3-year target for the business.
The plan is then owned by us, yes us at Gym Financial Officer. We become a real partner in the business in charge of driving to meet the business targets.
We can assist with several tools and strategies, including: Debt instruments, Earnings Retention, Tax Deferment, New products or services, and so much more.
-
Develop comprehensive financial models and forecasts to project future performance.
Create detailed budgets to manage expenses and maximize profitability.
Analyze financial data to identify trends and opportunities for improvement.
Provide strategic financial advice to support decision-making
-
Small businesses have a myriad of options open to them for optimizing taxable income, from S-Corp filing, to utilizing your personal residence for tax-free income.
We understand the IRS audit and filing process better than anyone for small to medium revenue gyms. This allows us to strategize and utilize the tax code to our advantage.
-
Monitor cash flow to ensure sufficient funds are available to meet obligations.
Implement strategies to optimize cash flow, such as improving collection times and managing inventory.
-
As we drive towards the 3-year plan, it is common to use debt and other financial instruments to speed up growth. We will plan towards this and then take ownership of acquiring and managing these tools to drive to the 3-year plan’s targets.
Elite Services Bundle
-
At this tier, we focus on aggressive growth. Likely we target 1 of 2 strategies: Growth through acquisition to obtain efficiencies with an endpoint for an exit (IPO, Acquired, etc), Or the other is grow into our own Private Equity portfolio, bringing in investors and more capital.
We work with you on projections and forecasting for the best plan, then we execute the plan.
-
As we acquire businesses, we need to know their true value. Gym Financial Officer is very experienced in Gym and Fitness Center valuing. We provide you with a comprehensive valuation, including financial forecasting, competitor analysis, location analysis, market analysis, and more.
-
As we acquire more locations, gyms, fitness centers, or equipment, we will require more capital. This is where we start to get creative with strategies involving Private Equity arrangements, Limited Partners, and other potential strategies to acquire the desired capital.
-
Private Equity relationships require management of equity and ownership within the entities. This may be an LLC or C-Corp. Gym Financial Officer plans and strategizes the best entity and legal structure. We then prepare and execute the proper documents and agreements.
We have extensive experience with SEC compliant ESOPs and EEOPs, specifically for small-businesses looking to incentivize key leaders taking ownership of large growth goals.
-
At this stage, you cannot meet these growth targets without growing or acquiring top-tier talent.
We believe it is best to create and grow your own culture and unique leadership program.
At Gym Financial Officer we have created and extensive leadership development program that is best for businesses with 40+ employees and 4-5 different functions (ex. sales, delivery, operations, finance, talent acquisition, HR). We utilize a self-governing ‘apprenticeship’ model, with dedicated modules and units to give real opportunities to employees. This is a powerful tool that is a win-win-win, the business wins since participants work on internal systems and processes, the employee / participant wins as they grow their skills, and the customer wins since we are now a better product.
Book your free meeting with our Gym Finance expert to see which services are best for your business
Let us handle all of your financial needs to build your business and allow you to work on growing revenue without worrying about the details.
We replace your CPA and add to their services. Our minimal outcome is growing your profits and retained cash. We do this by increasing profits and reducing taxes. Gym Financial Officer is founded by an experience IRS Consultant, he literally worked to build the IRS Audit systems. We are certain to get you the best outcome on your tax liability.
Additionally, we provide services to push your businesses growth and targets. We believe in taking ownership of your finances and targets for you.
Lastly, for the truly established business, we offer M&A services, business valuations, and leadership development. Once you have a proven record of profitability and a team around it, we can exponentially grow your business through the M&A, Leadership development, and Equity levers.
See our standard service bundles below. On our pricing page you will see how these are typically packaged together.
