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.
Mayor Bill de Blasio announced that the City is two years ahead of schedule to meet his OneNYC goal. which aimed to raise $16 million for minority and women owned businesses.
Mayor de Blasio and Department of Consumer Affairs Commissioner Lorelei Salas announced that the Paid Sick and Safe Leave Law was officially in effect.
Mayor Bill de Blasio announced a first-of-its-kind targeted loan program that will make more than $5 million in affordable capital accessible to women entrepreneurs seeking to grow their businesses.
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.
Beginning August 15, 2018, additional New York City businesses will be required by law to separate their organic waste. Read inside for a description of the rules.
Mayor de Blasio announced changes to the City’s laundry licensing requirements in response to industry concerns. DCA is changing its application requirements so businesses can apply for new laundry licenses without providing a physical copy of a Certificate of Occupancy.