Why My Coaching Program Is a Business Write-Off (and So Much More)
Investing in your health is one of the smartest decisions you can make, not just for your body but for your business.
My coaching program isn’t just about fitness; it’s about building the mindset, discipline, and leadership skills that drive business success. Even better, it may qualify as a tax write-off, allowing you to use pre-tax dollars for a program that enhances both your health and your bottom line.
“Don’t spend more in taxes this year than you need to. Pay with pre-tax dollars instead of post-tax dollars.”
Health Is a Business Asset
Your physical and mental health directly impact your ability to lead and grow your business.
When you’re healthy, you:
- Make better decisions
- Stay calm under pressure
- Reduce downtime due to illness or burnout
Think of your body as the engine of a high-performance sports car. If you neglect maintenance, skipping oil changes and ignoring warning lights, you can’t expect it to run smoothly. But when you invest in proper care, it runs faster, more efficiently, and gets you further. The same applies to your health and business performance.
And let’s face it, skipping your health to “save time” is like skipping coffee on a Monday, you’ll regret it by noon. 😂
If you’re a busy entrepreneur or small business owner searching for a fitness program that boosts productivity, this is for you.
The Write-Off Advantage
Under IRS guidelines, expenses that are “ordinary and necessary” for your business may qualify as deductions.
While traditional gym memberships might not always apply, my coaching program offers business-related benefits that align with deductible categories, such as:
- Professional development: Leadership, mindset, and focus training to enhance your business performance
- Health and wellness: Programs that reduce stress and improve productivity
- Preventative care: Investing in health now to avoid costly disruptions later
To make things even easier for you, I provide a 1099/W9 that you can give to your CPA for proper documentation and reporting. This simplifies the process of claiming your coaching program as a legitimate business expense.
Tax Savings Example
Let’s look at an example to illustrate how much you could save:
- Coaching Investment: $8,000
- Tax Bracket: 40% (federal and state taxes combined)
If you deduct the $8,000 as a business expense, your taxable income decreases by that amount.
At a 40% tax rate, you would save:
- $8,000 × 40% = $3,200 in tax savings
This means the net cost of your coaching program drops to $4,800.
Sources for Further Reading:
More Than Just Fitness
My program is designed to go beyond physical results, focusing on key areas that enhance your professional and personal life.
1. Mindset Mastery for Business Success
A sharp mindset fuels sharp decision-making. My program helps you cultivate:
- Resilience and mental toughness
- Focus and clarity for tackling challenges
- Confidence to lead with authority
2. Discipline That Drives Results
Success in business and fitness relies on consistency. My program teaches you how to:
- Set actionable goals
- Stay accountable to your commitments
- Build habits that increase productivity and time management
3. Leadership Through Example
As a business owner running multiple companies, I’ve learned that leading by example is critical. My program equips you to:
- Embody the energy and confidence of a strong leader
- Inspire your team with your dedication and results
- Build a personal brand that others admire
4. Auxiliary Benefits That Boost Your Life
- Stronger relationships: More energy and intimacy with your spouse
- Better parenting: Increased patience and love for your kids
- Unshakable confidence: Seeing real progress, earning wins, and impressing those around you
Healthy Leaders Make More Money
Studies consistently show that healthy, fit individuals tend to earn more and perform better professionally.
For example, a study published in the Journal of Occupational and Environmental Medicine found that employees with regular exercise habits were 15% more productive and took fewer sick days.
Why?
- Enhanced focus and mental clarity: A fit body supports a sharp mind
- Better stress management: Regular exercise reduces cortisol and keeps you calm under pressure
- Improved energy and stamina: You’ll show up consistently and with full intensity in your business
If you’re searching for a fitness coach for entrepreneurs or a health program for business leaders, you’ve found it.
In Case Your CPA Has Questions
Most of my business owner clients work with CPAs who understand the value of health and wellness investments, especially when those investments contribute to better business performance.
However, if your CPA has questions or concerns about whether my coaching program qualifies as a write-off, here’s what you can share with them:
- Business-Related Development: My program focuses on enhancing leadership, discipline, and mindset, all of which are critical for running a successful business. These aspects align with professional development and may qualify as “ordinary and necessary” expenses for business improvement.
- Improved Productivity and Reduced Downtime: Healthier individuals take fewer sick days, experience less burnout, and maintain higher energy levels, which directly benefits their business operations.
- Preventative Health Benefits: Investing in wellness programs now can reduce future healthcare costs and potential disruptions to business operations.
- Documentation: I provide a 1099/W9 for all business owner clients to make tax documentation and reporting easier.
Encourage your CPA to review how these points align with the IRS’s guidelines for deductible expenses. If needed, they can also reach out for clarification or additional documentation to help with their evaluation.
My Track Record of Success
I’m not just your fitness coach; I’m one of the top 1% thought leaders in the country.
The business meetup group I ran was ranked among the top 6 in the world out of 255,000 groups.
Both my first podcast (which I sold in 2019) and my current podcast rank in the top 0.5% globally, and my current podcast consistently appears in the top 20 for business and marketing categories, as well as the top 50 in the business category out of over 5 million podcasts.
When my clients schedule 1:1 calls, we often focus as much on business and marketing strategies as we do on fitness, making my program a holistic investment in your overall success.
Invest in Yourself, Reap the Business Rewards
When you join my coaching program, you’re not just building muscle or losing fat; you’re investing in your growth as a leader.
With the added potential for tax savings and the ease of receiving a 1099/W9, this is a NO-BRAINER for any business owner looking to gain a competitive edge.
You’ll experience increased confidence, better health, and more energy, not to mention the respect and admiration of everyone around you.
And with fewer sick days and less dependence on medication, you’ll enjoy a healthier, more vibrant future.
Let’s turn your health into your greatest business asset.
Schedule your consultation today and start seeing results that will transform your life and business.