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Do This Once A Month to Keep On Top Of Your Finances
This week is all about getting finances in check and making sure next year is a positive year
On Monday, Debbie gave us great tips on things we should consider when it comes to accounting and bookkeeping 🖊
Yesterday, I shared 3 key things we have done as a gym owner to maximise our profit..
Today though, it’s What’s Working Wednesday
And I’m sharing with you a key thing we do once a month to keep on top of our finances
⬇️ ⬇️ ⬇️
We all have to pay tax
And at some point, you may start paying VAT too
This is the bane of our lives!
We dread these bills…
The minute you hit that threshold
You either up your payments or take less of a profit
For us, we increased our prices a little 💸
We took a hit, and they took a hit
So today, we’re going to base our tip on a 20% tax bill and 20% VAT bill
Every single month, no matter the outgoings or sources of income
We look at the collective income and take off 20% and put it into a savings for VAT
We then take another 20% for the tax
Then, when the end of the financial year comes it’s ready and waiting
The good thing you know about this is, it’s never going to be that amount
Maybe your accountant has got it down
But if you save the exact amount you will have some leftover once you have paid that bill!
These are the two things I would suggest you do!
On the first of the month, make sure you transfer over into different savings accounts
So you don’t end up in trouble!!
Debbie goes into far far more detail on finances during our Guest Interview Episode on Monday
So, if you’re interested…go check it out!
David 🙂 [/et_pb_text][et_pb_divider color=”#000000″ _builder_version=”3.12.2″ height=”0px” custom_margin=”||0px|” custom_padding=”||0px|”][/et_pb_divider][et_pb_text _builder_version=”4.2.2″ custom_margin=”0px||0px|” custom_padding=”0px||0px|” z_index_tablet=”500″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_blur_strength_tablet=”1px” link_text_shadow_horizontal_length_tablet=”0px” link_text_shadow_vertical_length_tablet=”0px” link_text_shadow_blur_strength_tablet=”1px” ul_text_shadow_horizontal_length_tablet=”0px” ul_text_shadow_vertical_length_tablet=”0px” ul_text_shadow_blur_strength_tablet=”1px” ol_text_shadow_horizontal_length_tablet=”0px” ol_text_shadow_vertical_length_tablet=”0px” ol_text_shadow_blur_strength_tablet=”1px” quote_text_shadow_horizontal_length_tablet=”0px” quote_text_shadow_vertical_length_tablet=”0px” quote_text_shadow_blur_strength_tablet=”1px” header_text_shadow_horizontal_length_tablet=”0px” header_text_shadow_vertical_length_tablet=”0px” header_text_shadow_blur_strength_tablet=”1px” header_2_text_shadow_horizontal_length_tablet=”0px” header_2_text_shadow_vertical_length_tablet=”0px” header_2_text_shadow_blur_strength_tablet=”1px” header_3_text_shadow_horizontal_length_tablet=”0px” header_3_text_shadow_vertical_length_tablet=”0px” header_3_text_shadow_blur_strength_tablet=”1px” header_4_text_shadow_horizontal_length_tablet=”0px” header_4_text_shadow_vertical_length_tablet=”0px” header_4_text_shadow_blur_strength_tablet=”1px” header_5_text_shadow_horizontal_length_tablet=”0px” header_5_text_shadow_vertical_length_tablet=”0px” header_5_text_shadow_blur_strength_tablet=”1px” header_6_text_shadow_horizontal_length_tablet=”0px” header_6_text_shadow_vertical_length_tablet=”0px” header_6_text_shadow_blur_strength_tablet=”1px” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px”]
[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”3.22″][et_pb_row _builder_version=”3.25″][et_pb_column type=”4_4″ _builder_version=”3.0.47″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_blog fullwidth=”off” posts_number=”3″ show_author=”off” show_date=”off” show_categories=”off” _builder_version=”3.11″][/et_pb_blog][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ fullwidth=”on” _builder_version=”3.22″ use_background_color_gradient=”on” background_color_gradient_start=”rgba(0,0,0,0.66)” background_color_gradient_end=”rgba(0,0,0,0.66)” background_color_gradient_overlays_image=”on” background_image=”https://www.fitproleadgen.com/wp-content/uploads/2018/08/40231335_2150671258546666_24434438314131456_n.jpg” custom_padding=”100px|0px|100px|0px|false|false” saved_tabs=”all”][et_pb_fullwidth_header button_one_text=”Download Your FREE %22Copy & Paste%22 Guide” button_one_url=”1″ module_id=”guide-blog” _builder_version=”3.16″ title_font=”|700|||||||” title_font_size=”70px” content_font=”||||||||” content_font_size=”27px” content_line_height=”1.1em” background_color=”#7EBEC” custom_button_one=”on” button_one_text_size=”17px” button_one_text_color=”#ffffff” button_one_bg_color=”#e02b20″ button_one_border_radius=”100px” button_one_font=”|700|||||||” custom_button_two=”on” button_two_text_size=”17px” button_two_text_color=”#ffffff” button_two_bg_color=”#000d63″ button_two_border_radius=”100px” button_two_font=”|700|||||||” box_shadow_style_button_one=”preset1″ box_shadow_style_button_two=”preset1″ button_one_text_color_hover=”#000000″ button_two_text_color_hover=”#000000″ button_one_border_color_hover=”#000000″ button_two_border_color_hover=”#000000″ button_one_letter_spacing_hover=”1px” button_two_letter_spacing_hover=”1px” button_one_bg_color_hover=”#ffffff” button_two_bg_color_hover=”#ffffff” button_one_text_size__hover_enabled=”off” button_one_text_size__hover=”null” button_two_text_size__hover_enabled=”off” button_two_text_size__hover=”null” button_one_text_color__hover_enabled=”on” button_one_text_color__hover=”#000000″ button_two_text_color__hover_enabled=”on” button_two_text_color__hover=”#000000″ button_one_border_width__hover_enabled=”off” button_one_border_width__hover=”null” button_two_border_width__hover_enabled=”off” button_two_border_width__hover=”null” button_one_border_color__hover_enabled=”on” button_one_border_color__hover=”#000000″ button_two_border_color__hover_enabled=”on” button_two_border_color__hover=”#000000″ button_one_border_radius__hover_enabled=”off” button_one_border_radius__hover=”null” button_two_border_radius__hover_enabled=”off” button_two_border_radius__hover=”null” button_one_letter_spacing__hover_enabled=”on” button_one_letter_spacing__hover=”1px” button_two_letter_spacing__hover_enabled=”on” button_two_letter_spacing__hover=”1px” button_one_bg_color__hover_enabled=”on” button_one_bg_color__hover=”#ffffff” button_two_bg_color__hover_enabled=”on” button_two_bg_color__hover=”#ffffff”]
Hi I’m David 🙂
I Help FitPros Around The World Generate Leads On A Daily Basis, With Lead Generating Websites, Laser Targeted Facebook Ads and “The Portal”[/et_pb_fullwidth_header][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”3.26.6″ background_color=”#00194f” custom_padding=”0|0px|0|0px|false|false” global_module=”29642″][et_pb_row _builder_version=”3.26.6″][et_pb_column type=”4_4″ _builder_version=”3.26.6″][et_pb_text _builder_version=”3.26.6″ text_font=”|700|||||||” text_text_color=”#ffffff” text_font_size=”60px” text_line_height=”1.1em” header_font=”||||||||” text_orientation=”center” custom_margin=”||1px|||” custom_margin_tablet=”” custom_margin_phone=”||30px|” custom_margin_last_edited=”on|phone” text_font_size_tablet=”” text_font_size_phone=”40px” text_font_size_last_edited=”on|phone” text_text_align=”center”]
Let’s Connect…
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row column_structure=”1_6,1_6,1_6,1_6,1_6,1_6″ use_custom_gutter=”on” gutter_width=”1″ _builder_version=”3.26.6″ width=”100%” module_alignment=”center” custom_margin=”||||false|false” custom_padding=”||3px|||”][et_pb_column type=”1_6″ _builder_version=”3.26.6″][et_pb_blurb url=”https://www.facebook.com/iamdavidkyle/” image=”https://www.fitproleadgen.com/wp-content/uploads/2019/08/5-1.png” image_max_width=”50%” _builder_version=”4.6.6″ header_level=”h1″ header_font_size=”10px” body_font=”|700|||||||” body_text_align=”center” body_text_color=”#ffffff” body_font_size=”15px” custom_margin=”||30px|”]
Message Me Personally On FB
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Message The Facebook Page
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Join The Facebook Community
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Message Us On Instagram
[/et_pb_blurb][/et_pb_column][et_pb_column type=”1_6″ _builder_version=”3.26.6″][et_pb_blurb url=”https://www.linkedin.com/in/davidkno9/” image=”https://www.fitproleadgen.com/wp-content/uploads/2019/08/4-1.png” image_max_width=”50%” _builder_version=”3.26.6″ header_level=”h1″ header_font_size=”10px” body_font=”|700|||||||” body_text_align=”center” body_text_color=”#ffffff” body_font_size=”15px” custom_margin=”||30px|”]
Message Us On LinkedIn
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Watch Us On YouTube
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