01/23/15 11:00am
01/23/2015 11:00 AM
Governor Cuomo giving his State of the State address the Empire State Plaza Convention Center in Albany Wednesday. (Credit: Courtesy Flickr photo)

Governor Cuomo giving his State of the State address the Empire State Plaza Convention Center in Albany Wednesday. (Credit: Courtesy Flickr photo)

Small business owners across the North Fork could soon benefit from tax reductions that would make income tax rates the lowest in New York State history, according to a proposal outlined by Gov. Andrew Cuomo in his State of the State address Wednesday.

The proposition would help small businesses incorporated in New York State by reducing the net income tax rate from the current rate of 6.5 percent to 2.5 percent over a three-year period, amounting to a four percent reduction by 2018.

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02/23/14 6:00am
02/23/2014 6:00 AM
TIMES/REVIEW FILE PHOTO | North Shore Public Library's budget vote is Tuesday.

North Shore Public Library is hosting four small business courses.

The library might not be the first place that comes to mind for small business owners when they think about expanding their market share.

But a series of courses offered at the North Shore Public Library will be open to small business owners in the near future — as well as those hoping to enter the world of entrepreneurship.

Four courses will be held, each on a Tuesday night, every other week from March 18 through April 29. All will be hosted by SCORE, a partner with the United States Small Business Administration.

The list of courses will run as follows:

• March 18: “Open Up Shop” Basics of starting a business including legal structures, records, regulations, taxes and insurance.

• April 1 “The Business Plan” Components of a business plan including startup costs and financing.

• April 15 “Marketing” Market research including developing a plan, pricing, advertising, digital marketing and tracking results.

• April 29: “Finances” Management of the finances including forecasting, budgeting, P & L statements, cash flow, income statements and bookkeeping

Individuals who are interested in signing up can call the library at 631-929-4488.

02/04/14 7:55am
02/04/2014 7:55 AM
Suffolk theater opening

BARBARAELLEN KOCH PHOTO | East Main Street looking west near the theater.

Hey small business owners: are you taking advantage of all the tax benefits Uncle Sam offers?

If your answer is no — or if you’re not sure — the Riverhead Chamber of Commerce is hosting a luncheon in concert with New York City-based accounting firm Anchin Block & Anchin, detailing some exemptions or incentives that are being overlooked.

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