Health & fitness operators

Accountant for Gyms and Fitness Studios in Sydney

Specialist accounting, bookkeeping, and tax services for gyms, PT studios, and fitness centres. Membership revenue recognition, PT contractor structures, and equipment depreciation handled.

Certified across the platforms that matter

Why Trinity

Three reasons our clients stay.

We’re a boutique accounting practice built on long-term client relationships, offering personalised tax, accounting, and advisory services to businesses and organisations across Sydney.

  • Longevity that compounds

    Twenty-three years in practice as of 2026. Same firm, same principal, same standards since 2003. Some clients have been with us almost the whole way. The work compounds, and so does the trust. Over four hundred SMSFs managed and thousands of tax returns lodged.

  • Everything under one roof

    Tax, books, advisory, SMSF, Xero. One team that knows your business. No handoffs between firms, no missed details between specialists, no questions you have to answer twice. Numbers flow cleanly from books to BAS to tax return because the same people are looking at all of them.

  • We pick up the phone

    We are old-fashioned about this. You get a name, a direct line, and someone who actually knows your file. We watch for trends, flag issues before they become fines, and call when something needs attention. Most clients hear from us between quarters, not just at lodgement time.

Why specialist accounting matters

Why gyms and fitness studios need a specialist accountant.

Gyms and fitness studios run on membership revenue that often comes in as prepaid blocks, PT trainers who often work as contractors, and equipment investments that run into the hundreds of thousands. Revenue recognition timing affects monthly profit. Trainer arrangements affect tax and Fair Work exposure. Equipment cycles affect depreciation and capital planning.

Add casual or contractor PT staff. Add equipment that depreciates fast under heavy use. Add membership churn cycles that need forecasting. The financial work behind a fitness business is sector-specific and rewards specialist attention.

A general accountant can misclassify trainer arrangements, mishandle membership revenue, or miss equipment deductions. Specialist gym accounting understands the workforce model, the equipment cycle, and the membership economics of the sector.

  • Membership revenue timing

    Prepaid memberships and class passes need proper revenue recognition. Without it, monthly profit numbers misrepresent reality.
  • PT contractor classification

    Personal trainers often work as contractors but meet the legal test for employees. Misclassification creates Fair Work and ATO exposure.
  • Equipment depreciation

    Gym equipment under heavy use depreciates fast. Generalists often miss claim opportunities or get classifications wrong.
  • Membership cash flow

    Sign-up bursts and churn patterns need forecasting. Without modelling, cash flow tightens after initial growth fades.
Specialist accounting for gyms, fitness studios, and personal training businesses.

What we do

Our services applied to your industry.

The same accounting and tax services we deliver firm-wide, shaped to the way your business actually runs.

  • Tax Services for Gyms and Personal Trainers

    Whether you're a sole trader PT working out of a park or running a multi-location gym, the right tax strategy makes a real difference to your bottom line. Tax planning and business structuring for efficiency. Accurate GST and BAS lodgement. Payroll tax and superannuation compliance
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  • Bookkeeping for Gyms and Fitness Studios

    Membership billing, class pack sales, direct debits, casual instructor payments, and equipment supplier invoices create a constant flow of transactions. Without accurate bookkeeping, revenue leaks and compliance risks grow. Cloud-based bookkeeping on Xero — accessible from the gym floor or anywhere. Membership and subscription reconciliation for accurate revenue tracking. Payroll processing for trainers, staff, and contractors
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  • Business Advisory for Fitness Growth

    Beyond compliance, we help fitness businesses grow profitably with tailored business advisory services: Profit and loss analysis across membership tiers and service lines. Pricing strategies for memberships, class packs, and PT sessions. Cash flow planning for seasonal demand and expansion
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  • BAS and quarterly compliance

    BAS prepared, reconciled against your books, and lodged direct to the ATO. PAYG instalments managed alongside cash flow needs.
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  • BAS and quarterly compliance

    BAS prepared, reconciled against your books, and lodged direct to the ATO. PAYG instalments managed alongside cash flow needs.
    Learn more
  • Tax planning specific to fitness studios

    Year-round tax strategy tailored to fitness studios: structure reviews, super contributions, equipment timing, and small business CGT concessions where applicable.
    Learn more

Why clients choose us

Specialist accounting built for fitness businesses.

Gyms and fitness studios run on membership revenue, contractor staff, and equipment cycles. Trinity provides the accounting expertise operators need to recognise revenue properly, structure trainer arrangements, and forecast through churn cycles.

  • Fitness industry depth

    Familiarity with gym, studio, and PT business operations including membership economics, equipment cycles, and trainer arrangements.
  • Membership revenue clarity

    Prepaid revenue recognised across the service period. Monthly profit reflects actual delivery, not just cash receipts.
  • Trainer structuring

    PT contractor and employee arrangements designed properly. Tax-efficient and compliant with Fair Work and ATO tests.
  • Equipment expertise

    Cardio, strength, and specialty equipment depreciated correctly. Every legitimate deduction captured.
  • Churn forecasting

    Membership sign-up and cancellation patterns modelled across the year. Cash flow tight periods anticipated.
  • Tax planning year-round

    Equipment timing, super, structures, and CGT all considered together. Decisions made in March, not in May.

Accounting engagement

How we take on a fitness business as an accounting client.

The same accounting engagement process for every new fitness business. Predictable for you, scaled to the size and complexity of the business.

  • Fitness Business review

    We review your current financials, accounting setup, and operational structure. Gaps and opportunities are identified before any changes are recommended, and the engagement scope is agreed up front.

    • Three-year review of returns and effective tax rates
    • Current bookkeeping and reconciliation health-check
    • Membership revenue and PT contractor arrangements reviewed
    • Onboarding meeting to agree priorities for the year ahead
  • System setup

    Xero configured for your fitness business. Chart of accounts built around how your business actually runs, integrations and tracking established, and reporting templates tailored to fitness business management.

    • Chart of accounts structured for your fitness business
    • membership revenue recognition and contractor structures configured
    • Bank feeds, integrations, and recurring rules configured
    • Reporting dashboards for membership retention and per-class profitability
  • Ongoing engagement

    Monthly financial reporting, quarterly tax planning, and annual review. You always know where the fitness business stands financially, what is changing, and what is coming up. We are accessible whenever a decision needs financial input.

    • Monthly profit and loss, balance sheet, and cash flow
    • Quarterly tax planning and BAS preparation
    • Annual review against benchmarks and goals
    • Direct line for advisory questions as they arise
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Who we work with

Fitness businesses we work with.

If your situation fits one of these descriptions, we have done the work before.

  • Boutique fitness studios

    Pilates, yoga, spin, and specialty studios with class-pack and membership revenue.
  • Multi-location gyms

    Larger gym operations with multiple sites, consolidated reporting, and group-level planning.
  • Personal training businesses

    Independent PT and small-team studios with mostly one-on-one and small-group revenue.
  • Specialty fitness operators

    Climbing gyms, martial arts, dance studios, and specialty operations with niche markets.

About Trinity Accounting

A small firm by design.

Trinity Accounting Practice opened in Beverly Hills in 2003. Ramy Hanna, a registered tax agent and Fellow of three Australian accounting institutes, has run it since. The firm has stayed deliberately small, deliberately local, and deliberately senior. The principal you talk to today is the principal who will be reviewing your return next October.

Most of our work comes from referrals. Most clients have been with us for years, some for decades. We think that says more about the work than any award would.

Dedicated team members in business attire smiling during a client consultation at the office.
The Institute of Public Accountants (IPA) logo featuring colorful overlapping shapes and the IPA acronym, representing a professional accounting organisation in Australia.ASIC Registered AgentLogo of Trinity Accounting Practice, an Australian accounting and tax advisory firm based in Beverly Hills, NSW, established in 2003.A green circular icon featuring a white checkmark and a stylized leaf, symbolizing reliable tax compliance and advisory services.Xero migration specialist logo featuring a blue geometric design and the text "Xero migration specialist" for accounting and bookkeeping services.Xero Gold Partner badge indicating Trinity Accounting Practice's status as a trusted Xero partner for accounting and bookkeeping services in Beverly Hills, NSW.
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What our clients say

The reviews speak for themselves.

Sole traders, growing companies, and trustees who keep coming back. Here’s why.

5.0
Based on 100+ Reviews
See all reviews
  • Doesn't cut corners
    I'm so glad I found Ramy & Kim from Trinity Accounting. They have helped me and my business tremendously. They really care about their clients and don't cut corners. Very impressed with their knowledge and level of customer service.
  • Business and personal
    Trinity Accounting Practice is knowledgeable and professional for business and personal finances, providing clear advice.
  • Diligent and professional
    Trinity Accounting Practice is highly professional and diligent. I highly recommend them to anyone seeking any accounting advice.
  • The best, hands down
    Ramy is the best accountant in Sydney. He helped me solve my problems. He is the best. I really thank you Ramy for everything.
  • Medical practice expertise
    I have a medical practice. I met with many accountants before, but I found Ramy Hanna has a very well organised accounting practice and he is very knowledgeable and has great experience.
  • A real lifesaver
    Trinity Accounting has been a lifesaver for my construction business. Ramy's knowledge of BAS, GST, and tax is unmatched. Great service and support!

Common fitness business questions

What fitness studios ask before engaging us.

The questions fitness studios most often have before working with us. Same answers we give in person, just in writing.

How much do your fitness business accounting services cost?

Pricing depends on size, revenue model, and engagement scope. Boutique studios typically start at a fixed monthly fee. Multi-location gyms and franchise operations are quoted as a package.

Do you help with PT contractor structures?

Yes. PT arrangements are reviewed against ATO and Fair Work tests, and structures designed for compliance and tax efficiency.

How do you handle membership revenue?

Prepaid memberships and class passes are recognised correctly across the period of service. Monthly profit reflects actual delivery, not just cash receipts.

Can you forecast through churn cycles?

Yes. Membership sign-up and cancellation patterns are modelled across the year. Cash flow tight periods are anticipated.

What about equipment depreciation?

Tools, vehicles, and equipment are depreciated correctly with instant asset write-off applied where it fits.

Do you work with franchise fitness operators?

Yes. F45, Anytime Fitness, and similar franchise operations all within scope alongside independent gyms and boutique studios.

Still have a question? Contact us.

Get specialist accounting for your fitness business.

Book a free consultation. Twenty minutes, no obligation. We will tell you straight if we can help.