In addition to New York state income tax, residents of New York City are also subject to additional income taxes. For the 2024 tax year (filed in 2025), New York City has four tax brackets for the 2024 tax year, ranging from 3.078% to 3.876%. 754, enacted in May 2023, reduced the top individual income …

Overhead costs typically include rent, utilities, insurance, payroll and benefits for staff, marketing and advertising costs, software and technology expenses, and miscellaneous expenses. By analyzing these costs on a monthly basis, gym owners can identify areas where savings can be made or investments can be optimized, ultimately maximizing profitability. When it comes to owning a …