10 TAX DEDUCTIONS FOR ONLINE FITNESS COACHES
1. Home Office…must be used exclusively for office use (can’t also be your bedroom or walk-in closet)
2. Laptop…only percentage of business use
3. Cell Phone…only percentage of business use
4. Gym Clothes…MUST have your Logo on the clothing to apply (logo must be visible)
5. Client Gifts (up to $25)
6. Video Equipment for Content Creation
7. Marketing/Social Media Ads
8. Coaching & Mastermind Courses
9. Certifications & Continuing Education
10. Travel to clients
11. BONUS: (Disclaimer - consult with your accountant as this is a grey area of tax code) Gym membership for creating content…should NOT be your personal/primary gym.
If you want to discuss more tax strategies for your business, please email me (info@darbyba.com) for a consultation.