Tax season looms near. On second thought, when you work independently or own a business, tax season never really ends, does it? IDEA member Tom Holland, MS, owner of TeamHolland: A Fitness Company, found that out a couple
of years ago when his tax return was randomly selected
by the IRS for an audit. Gulp!
Holland recounts the story in detail in the April 2003 issue
of IDEA Personal Trainer (pp. 19–23), but here are a few tips from his experience that can help you get organized and keep dependable records.
Are you looking to launch or expand a business but need more resources? Not sure what forms you need to file your taxes? The U.S. Small Business Administration (SBA) just made information gathering a lot easier. The SBA launched a new website in May that connects small businesses with federal agencies, providing specific trade tools and resources.
Business.gov offers online federal government information and services in one location. Links cover a variety of topics:
how to start, manage and market a business
If you’ve ever wished you could carry your office on your belt, a personal
digital assistant (PDA) may be just
what you need. More powerful than the
computer used to land Apollo 11 on
the moon, PDAs can pretty much knock out any work you’d ordinarily
do on a personal computer (PC)—and still fit in the palm of your hand.
Some of you may already have a clearly formed concept of a particular product or service you want to market. Others may wish to create something but feel unsure how to zero in on a particular product. Regardless of where you are today, taking the time to honestly complete the following statements can help you figure out where you want to be tomorrow.
1. The things I am most passionate about are _______.
2. I am very knowledgeable on the topic(s) of _______ .
3. What really gets me excited is _______.
Are your primary personal training tools still the lowly clipboard and pen? Do you still schlep a stack of audiotapes to every group fitness class you teach? If so, you may want to consider a more technologically advanced approach to your career–soon!