E-Weekly Newsletter
January 9, 2017
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In This Issue



The Chamber's new temporary office is located at 7 Teleport Drive, Suite 1008, Staten Island, NY 10311.





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U.S. Military Veterans 

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WHO: Staten Island Chamber of Commerce
Guest Speaker: Greg David of Crain's New York
WHAT: Annual Small Business Outlook Breakfast & Chamber Board Installation
WHEN: Starts at 8:30 am on Thursday, January 19
WHERE: Li Greci's Staaten, 697 Forest Avenue, Staten Island, NY
ADMISSION: $50.00 for SI Chamber of Commerce members and $75.00 for non-Chamber members.
RSVP: Visit   sichamber.com or call 718.727.1900
STATEN ISLAND, NY - The Staten Island Chamber of Commerce will host its 2017 Small Business Outlook Breakfast and Board Installation on Thursday, January 19 at Li Greci's Staaten located at 697 Forest Avenue, Staten Island, NY. The Chamber hosts this annual program to provide Staten Island business owners with an expert perspective of the economy.

The 2017 breakfast will feature keynote speaker, Greg David of Crain's New York. Following a 25-year stint as the editor and editorial director for the publication Mr. David currently writes a blog and weekly column for Crain's New York Business. He also serves as the director of the business and economics reporting program at the Graduate School of Journalism at the City University of New York, where he teaches courses on covering the national economy, Wall Street and the New York City economy and business. During his tenure as editor, Crain's won two Gerald W. Loeb awards for excellence in business journalism as well as general excellence awards from the Alliance of Area Business Publications and Society of American Business Writers and Editors. He makes frequent media appearances as an economic and business expert. He will give his opinion of today's changing business climate in New York.  Business owners in attendance will be encouraged to ask questions and join in the conversation.  READ MORE.

Member Spotlight

Congratulations to Carolyn Aston-Reese and Nancy Nix, co-founders of  Wicked Stitches . They are being honored by the Chamber with a Louis R. Miller Leadership Award.
Photo by 
Staten Arts Photography.

Pics of the Week

The Chamber is proud to partner with  1199SEIU/League Training and Upgrading Fund . Their Employment Center at 790 Port Richmond Ave will be involved with the Chamber's Workforce Development Initiative. Thank you Pam Oestricher, Vivian Paolillo and Debbie Spadafora for joining this important initiative.

YEA! Program

Students from the Young Entrepreneurs Academy (YEA!) were introduced to James Thomson from Scamardella , Gervasi, Thomson & Kasegrande, who spoke to the class about what legal issues to consider when starting a small business. The goal of the visit was to discuss the legal concerns an entrepreneur should address before starting a business.  MORE PICS
The Students also met with mentors for the first time this week. Once the students identify their business idea, YEA! pairs each student business with an appropriate mentor. This industry expert helps the students to fine tune their concept, write a business plan and identify their target audience. This year's mentors are:
John Amodio, SCORE
Anthony Carro, Point Vantage
Rob Myers, IDB Bank
Diana Petrone Vasquenz, Not Just Bagels
Maryann Piazza, Majestic Vending and /services
Wayne Roye, Troi.net
Dan Ryan, Staten Island Advance
Cory Schifter, Casale Jewelers
Frank Wilkinson, Rab's Country Lanes
Special thanks to our "Big Idea" Instructor, Michael Poprora, RPM Insurance. Michael did an outstanding job helping the students refine their ideas over the last 10 weeks.

Business Tip of the Week


Stay on top of new due dates this year
Tax filing season officially begins this month. Did you know due dates for certain returns have been changed?

Why are the dates changing? One reason is to bring due dates into a more logical order. For example, in prior years, if you were a partner in a partnership, you may have had to extend your personal tax return because you received the information statement from the partnership (Schedule K-1) at the last minute. That was because the due date for partnership returns has been four and a half months after the partnership's year-end. For calendar-year partnerships, the date was April 15 - the same date you have to file your personal tax return.

What's changed? Partnerships and C corporations are swapping due dates. Beginning this year, when you file your 2016 federal return, the filing date for partnerships is March 15. The due date for a calendar-year 2016 C corporation is now April 15.

The Foreign Bank and Financial Accounts Report (FBAR) is due April 15 instead of June 30. Forms W-2 and Forms 1099-Misc with non-employee compensation reported in Box 7 must be sent to recipients and submitted to the Social Security Administration and the IRS by January 31. The new due date for these forms apply to both paper and electronic filing.

Some extended due dates are changing too. Partnerships will now have a five-month extension until September 15. The Foreign Bank and Financial Accounts Report can be extended until October 15.

What hasn't changed?  Due dates for your individual federal income tax return, S corporations, trusts, estates, nonprofit organizations, and employee benefit plans will generally remain the same.
Missing a due date and filing a tax return late will trigger penalties, and you'll lose the opportunity to extend the time to file. Please contact us for more details.