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Being a self-employed personal trainer An important statistic to be aware of is that 62% of personal trainers are self-employed. There are a couple of reasons for this, the first being that it is simply the favoured model for many big-name gym chains like The Gym Group, Pure Gym and DW Sports Fitness.
A simple contract for personal trainers and clients. Sections outlining training schedule, sessions included, general terms, and more. Created (and approved) by legal experts.
When you are self-employed as a personal trainer, you create your own work schedule and have the freedom to choose the clients with whom you work. All earnings are paid directly to you instead of you being paid a salary through a fitness center.
With a little bit of planning, you can put your knowledge to use and design the perfect plan for you. Becoming your own personal trainer takes a few hours of time. But the payoff is huge. You'll gain all of the essential skills to get your mind and body in shape and you'll lose weight along the way.
When it comes to taxes, employees have the simplest process. Your gym will send a Form W-2, which helps you fill out income and withholding information on your tax return. Unfortunately, employees can't deduct unreimbursed work expenses like uniforms and equipment; those out-of-pocket expenses are yours to handle.
What can kind of tax deductions can personal trainers claim?Business insurance (and other kinds of insurance) Insurance claims are common in the fitness industry.Car expenses and mileage.Equipment and supplies.Home office and utilities.Legal fees.Marketing expenses.Miscellaneous expenses.Travel costs.
In many cases, yes. Some may instead choose to set themselves up as a limited company, or join a gym as an employee, but personal trainers typically move into self-employment after their initial training.
Personal Trainer Contractor (Independent):This category of trainer most often runs their business in a mobile or small studio/home based setting. They won't usually have rent costs for gym space but have to provide all their own equipment, do all of their own marketing, and compliance (health and safety etc).
I quit being a personal trainer for three simple reasons; money, disillusionment, and career progression. These are the same reasons that thousands of other personal trainers have quit the industry too. They can't earn enough money, lose faith in what they're doing, and no longer see it as a long-term career.