BY SENATOR MIKE GIANARIS Western Queens is home to a growing number of large and small businesses that have aided in our neighborhood’s economic recovery. I am proud to be an advocate for job creation in western Queens, whose diversity makes us one of the most welcoming neighborhoods in the country, as well as a [...]
By Ronald A. Fatoullah, Esq. and Yan Lian Kuang-Maoga, Esq. Now that President Barack Obama has won a second term, what does it mean for seniors? What impact, if any, are seniors to expect with regard to long-term care costs and estate taxes? The good news is that his re-election means Medicare and Medicaid as [...]
In an effort to help small businesses that have been affected by Sandy, City Council Speaker Christine Quinn joined forces with the Department of Small Business Services to launch the “Support NYC Small Business” campaign. This new promotional campaign encourages locals and tourists to shop in New York City neighborhoods that were hit hardest by [...]
Mayor Michael Bloomberg has allocated $5.5 million for small businesses affected by Sandy. “Getting small businesses back on their feet is key to helping our economy recover from Sandy,” said Bloomberg. “The capital provided through this program will help businesses purchase supplies, make repairs and get back up and running.” The Mayor’s Fund to Advance [...]
Thousands knocked onto the unemployment line by Sandy can now head back to work, while also helping fellow residents affected by the storm. Governor Andrew Cuomo announced a $27 million federal grant to put 5,000 unemployed New Yorkers to work cleaning up areas ravaged by the storm. The funds were provided by a National Emergency [...]
Dozens of small business owners brought to the end of their ropes by Superstorm Sandy received a helping hand in Long Island City. “You’re overwhelmed by losing your business and then you have to fill out paperwork on top of it,” said Gianna Cerbone-Teoli, owner of Manducatis Rustica Restaurant. “One guy said it would be [...]
Smack in the middle of two of the biggest retail days of the year, local shops in Bayside celebrated Small Business Saturday. The Bayside Village Business Improvement District [BID], consisting of over 200 businesses including shoe outfitters, flower shops and bookstores, celebrated its retail diversity on Saturday, November 24 with a block party and gift [...]
Those with an aversion to crowds and lines are opting to stay home and score deals with a simple mouse click. Cyber Monday, coined in the mid-00s, quickly became one of the biggest online shopping days for retailers, offering the option of avoiding the angry mobs that grow outside of stores just hours after finishing [...]
By Ronald A. Fatoullah, Esq. and Debby Rosenfeld, Esq. The annual gift tax exclusion will increase from $13,000 to $14,000 effective January 1, 2013. In other words, an individual will be able to gift $14,000 per person (a couple may give $28,000) per recipient every calendar year without any gift tax ramifications whatsoever. Therefore, a [...]
Writing in the days after Sandy I simply could not avoid thinking how this event may affect real estate business for years to come. Although the condo building where I live was spared any damage (floor waters stopped 10 feet from our garage before they started to recede), the Murano on Borden Avenue was hit [...]
