Throggs Neck BID
There will be a Townhall meeting to discuss issues of importance to small businesses, cosponsored by Senator Nathalia Fernandez and the Throggs Neck BID. It will take place on October 23 at 6pm at P.S. 72 , 2951Dewey Avenue, Bronx 10465. Throggs Neck BID Executive Director Bob Jaen met with NYPD Commissioner Edward Caban to discuss the problems arising from illegal smoke shops on October 17.
The Throggs Neck BID has fulfilled a community dream!
It has long been hoped that a shuttle could provide transportation throughout the commercial corridor, from the golf course, through the BID, to Westchester Square and back. The FREE 20-passenger wheelchair-accessible bus will have 10 stops, with seven along East Tremont Avenue connecting Throggs Neck with the Westchester Square subway stop, two along the Hutchinson River Parkway and another at Ferry Point Park. The service is available Monday through Friday from 10am—7pm. The Bally’s corporation, which has taken over the Trump Links Golf Course, is generously funding the shuttle. State Senator Nathalia Fernandez played a crucial role in bringing this goal to fruition.
On Sunday, the Throggs Neck Bid assisted the Family Worship Center in presenting an Annual Community Day and Health Fair. Hot food, snacks and desserts were provided, children in attendance enjoyed games and activities, along with giveaways and health information. Pictured: Bob Jaen, BID Exec Director, Rita Jaen, BID Board member Donald Engeldrum, and BID Associate Frank Vernuccio.
The Family Worship Center in cooperation with the Throggs Neck BID will present the 8th Annual Community Day and Health Fair on September 17, 2023 from 11m–2pm. Food, games, school supplies and more. All are welcome! the event will be held at the Derosa Oboyle Triangle at 3031 Cross Bronx Expressway, Bx 10465
NYC Hospitality Alliance summarizes new restaurant waste rules: Starting August 1st, all restaurants, bars, caterers, and other food-related businesses must set out any solid waste, including refuse and organic waste, at the curb for private carter collection in rigid receptacles with tight-fitting lids. If you do not have room indoors to store these garbage cans, you can keep within three feet of the establishment’s building line on the sidewalk 24/7. This rule does not apply to food-related businesses that receive off-street collection, including collection that takes place in a loading dock and will not apply to recyclable materials other than organic waste, There will be a one month ticket grace period in August.
All food-related Businesses
This rule impacts catering establishments, food manufacturers, food preparation establishments, food service establishments, food wholesalers, and retail food stores. Restaurants, grocery stores, delis, bodegas, caterers, or other businesses that sell or handle food must comply.
Refuse and organic material
Any putrescible material (refuse or organic material) set out on the curb for collection must be in a container with a secure lid. This requirement does not apply to other recyclables (metal, glass, plastic, or paper) or to businesses that have waste collected from a loading dock.
This rule does not require the separation of trash and organics, only the use of containers for collection. However, some businesses are required to separate their organic waste. If your business meets the minimum requirements, you must comply with the NYC Commercial Organics Rules. Are you covered by this law? Visit nyc.gov/commercialorganics
When to set out
Per recent setout rules, businesses that place waste on the curb have two options:
Store bins inside or outside
Containers should be stored inside or in a rear yard if possible. If space is not available, bins can be stored within three (3) feet of the building line when not set out for collection. Bins must be maintained in a neat and orderly manner and always allow for a clear path of pedestrian travel on the sidewalk.
Join an info session!
Need more information to prepare your business? Join one of our weekly trainings starting next week through the end of August.
August 11, 2pm: https://events.gcc.teams.microsoft.com/event/ca6317b6-87fb-439b-874e-f90517c85e11@32f56fc7-5f81-4e22-a95b-15da66513bef
August 15, 6pm: https://events.gcc.teams.microsoft.com/event/d405e169-2d19-41a8-99ef-b3721329e43a@32f56fc7-5f81-4e22-a95b-15da66513bef
August 24, 4pm: https://events.gcc.teams.microsoft.com/event/a6b62ced-5531-411c-abde-088bd13c916f@32f56fc7-5f81-4e22-a95b-15da66513bef
August 28, 11:30am: https://events.gcc.teams.microsoft.com/event/0f22aa48-d0b1-443c-a681-6a1f0776eefd@32f56fc7-5f81-4e22-a95b-15da66513bef If you’re unable to make an info session, go to nyc.gov/usebins for more information
The extraordinary work of the Throggs Neck BID has become widely recognized! Recently, the Bronx Overall Economic Development Corporation and the YES Network (which televises Yankee Games) travelled to Throggs Neck to admire our cleanest in the borough streets, and the remarkable comeback of our BID-area commercial corridor. Unlike other areas throughout NYC, there are very few empty storefronts here.
Pictured: BOEDC president (and former NYC Small Business Services Commissioner) Rob Walsh with BID Executive Director Bob Jaen while touring the BID with the YES Network
The TN BID has beautified its tree pits! Take a walk along East Tremont Avenue and enjoy the view of gorgeous plantings.
Important information from the Bronx Tax Man!
There are many scammers on social media and emailing small business owners. Most of these are law firms claiming they know the loop holes and will help you get money. However the laws are clear cut, either you qualify or you don’t. The IRS will be conducting audits on the small businesses who attempt to submit claims. The appealing thing is that small businesses (if they qualify) can obtain up to $26,000 per employee for the qualified affected periods.
The basic rule for the Credit says that as a business your sales MUST have DECREASE 50% from 2019 to 2020 or 20% from 2019 to 2021 for the same quarter in question. For example 1st QTR (January through March) 2019 to 2020. If your sales did not decrease, then you most likely do not qualify.
Another requirement is if the small business had obtain the PPP (Payroll Protection Program) the payroll that was used in those grants cannot once again qualify for the ERC. Therefore, once audited, those small businesses will be responsible to pay back any credit received. The other negative aspect is that unlike the PPP, the Employee Retention Credit causes a domino effect whereas the small business will have to file amended payroll taxes, amended corporate taxes to reduce the payroll for the qualifying year, and if an S-Corp or LLC, will then also have to file amended personal taxes to increase their income for that year. All of these consequences are never mentioned.
Furthermore, if the solicitation company who assist the small business to obtain the supposed ERC credit takes a fee of 25% or so, you have no guarantees that if you are audited and owe these funds back to the IRS, that they will be in business to refund you the fees they took from you.
This is quickly becoming one of the biggest scams hitting small businesses across America. Unfortunately, until the Internal Revenue Service completes there audits, the world will not know the negative consequence that these scamming companies are causing.
Below is a link to the IRS website explaining more details. However small business owners Beware of these scammers who make the ERC so appealing that you feel like a fool if you do not apply.
There is so much more that can be said about this credit and the scams, but the small business community should be on high alert for these scammers making these deals so sweet and appealing before you are left footing the bill and facing audit consequences for years to come.
Street Naming Ceremony for James “Jim” E. McQuade: The Schuyler Hill family invites you to come on Monday, May 22nd, 2023, at 1:00pm on the corner of E Tremont Avenue & Sommer Pl for the dedication ceremony of our beloved Jim McQuade. Jim was a founding member of the Throggs Neck BID
The Throggs Neck BID, in cooperation with the NYPD’s Community Affairs Bureau, have been “walking through” the area to hear your concerns and provide any information requested. (Photo, left to right: TN BID Executive Director Bob Jaen, Joseph DiMarco, from Pastosa’s Italian food store, and Officer Hannah Rivera, NYPD Community Affairs Bureau.)