Gyms are high-performance businesses with big ambitions, but also big financial pressures. Equipment, leases, payroll, and memberships all add complexity.
That’s where we come in. We handle compliance, payroll, and tax while giving you the advisory support you need to grow, expand, or franchise. You focus on your members, we’ll focus on your numbers.
COMMON FINANCIAL ISSUES FACED BY GYMS IN IRELAND
Only seeing your accountant once a year?
Year-end advice comes too late. We give ongoing support throughout the year so you can make better day-to-day decisions.
Unable to raise finance?
Banks won’t fund growth without strong financials. We prepare your accounts and forecasts so you can secure the loans or grants you need.
Unexpected tax bills?
Big Revenue bills can cripple cashflow. We help you plan ahead with accurate projections and timely reminders so there are no surprises.
Paying too much tax?
Gyms often overpay because they don’t have the right structures in place. We make sure your setup is tax-efficient so you can reinvest in your business.
Not claiming all expenses?
From equipment to rent, many allowable costs get missed. We track every eligible expense so you never leave money on the table.
Not knowing your numbers?
Running classes without clear visibility on profits and margins is risky. We give you real-time reporting so you always know where you stand.
We’re an accounting firm that gets fitness businesses. Operating a gym brings heavy start-up costs, complex memberships, payroll challenges, and constant pressure to expand. Too often, accountants don’t take gyms seriously -but we do. We provide gyms with big-business quality advice, built for strength and scale.
CASE STUDY GYMS
We were looking to expand by opening a second location.
With the help of Fitbooks we were able to decide on the best legal structure, accurately predict cash flow and obtain the appropriate funding. This advance planning also allowed us to ensure we were 100% tax compliant but also use tax planning advice to ensure we paid what we owed and no more.
We are a new gym. The team at Fitbooks have held our hand all the way through the start-up process. From company formation, tax registration, all the way through to negotiating our lease and getting our doors open. -District A.