You may have heard about the 25% coaching discount, and if you’re a regular Shakeology customer that’s a no-brainer (take a peek at the cost comparison here). That’s why I encourage all my regular customers to sign up as a coach whether they work the business or not (no coaching is required!). However, there are other financial advantages and perks for signing up as a coach as well you may not have considered.
FUN STUFF
- Winning prizes from Beachbody such as personal development books, apparel, games, and even trips! I won a trip to Summit this year, as well as a trip to Cancun (unfortunately, I couldn’t go).
- As a team leader, I encourage my team to push towards their goals and will offer prizes as well to boost morale. We have a blast!
TAX DEDUCTIONS AVAILABLE TO TEAM BEACHBODY COACHES*
As the owner of a home business, you’ll be eligible for certain tax deductions if you itemize on your return. Some of them you may not have considered.
Clothing – Sometimes
The rule on clothing is that clothing is tax deductible if it specialized and cannot be worn outside of work. If it is clothing that you’re using as a form of advertising, it can be deductible. Team Beachbody apparel can be tax-deductible if you are using to wear in your videos or give to your team as prizes. Workout clothes are NOT tax-deductible if they don’t have logos on them (in general).
Shakeology – Sometimes
Your Shakeology purchases do not count for your flex plan dollar reimbursement. However, if you are using it to make a recipe that you feature on your website or blog, you can deduct it because it is used to promote your business (check out the example here: Shakeology Ice Cream). Just drinking it in general and posting pictures on social media? No.
DVDs/Programs – YES!
These are tax-deductible for coaches because they are being used to promote your business.
Computer/Software – YES!
Your laptop, desktop and computer downloads/software are tax deductible to the percentage of which they are used for your business. At https://taxfyle.com/blog/turbotax-alternatives/ you will get help for your business taxes. Is half your computer time dedicated to Beachbody? Deduct 50%. The same goes with your mobile devices and internet service provider.
Travel – Sometimes
Travel expenses like airfare, meals and lodging related to your business activities (conferences, Super Saturday events, etc.) are tax deductible.
*Please consult your tax preparer, as everyone’s situation varies.
Apply to become a part of the Beach Ready Now coaching team! I am looking for 3-4 self-motivated people interested in earning an income through online wellness coaching to join my next coaching apprenticeship group. My next group starts SOON!
Successful Beach Ready Now Coaches:
- Are self-motivated
- Enjoy helping and encouraging others
- Have a passion for fitness (although you don’t have to be an expert- just willing to find out information when asked)
- Are familiar with social media (Facebook, Pinterest)
- Want to work from home and set their own hours
If you feel you meet the criteria above and would like to find out more about our coaching opportunities, fill out the application below. Our next coach training starts soon! I’m looking for 3-4 self-motivated fitness enthusiasts I can mentor to help grow their own online fitness business. Submit your application and I’ll respond within 24-48 hours.