This Memorandum addresses the recognition of income that a taxpayer has deferred pursuant to section 409A of the Internal Revenue Code of 1986, as amended (the “IRC”), and explains how the taxpayer should report the income for UBT purposes.
The NYC Department of Sanitation has announced the appointment of Kevin V.G. Wells, Esq. as Chief Supplier Diversity Officer. Wells will be responsible for directing and implementing policy and programs to increase opportunities for Minority and Women Owned Business Enterprises in agency contracts.
Last week, the New York City Department of Sanitation, in partnership with Waste Management, held the second annual Minority and Women-owned Business Enterprise (M/WBE) Forum. More than 200 people attended the event.
Mayor de Blasio announced that three of the City’s designated banks – Amalgamated, Bank of America, and TD Bank – have committed $40 million towards two of the City’s three programs that help minority and women-owned business enterprises and small businesses access affordable loans to grow.