Ney York City’s 4.5% sales tax on Yoga Studios…what’s next…Aerobics, Boot Camps, Spinning?
What do you think about this tax?
if I understand the article correctly, then it is a matter of whether or not yoga studios are treated equal to fitness centers which are already subject to this tax.
I am glad that I do not have to make this decision but since yoga is taught more and more in fitness centers, this does not sound unreasonable.
The only part that struck me as unfair with the leveling of back taxes and the requirement to make the instructors employess rather than contractors.
My state currently isn’t taxing. I do know some states are taxing. I am hestentialy hopeful that we won’t tax mind body services. My reason being it will drive up my cost of doing business through adminstative and accounting costs which then increases the cost to my client as well. We have a very small profit margin which realy just gets reinvested so that our clients can continue to grow their well being.