Craig L. Venokur, certified public accountant
Tax compliancy a highlight of Staten Island Small Business Development Center workshop
STATEN ISLAND, N.Y. – For business owners, it’s critical to correctly determine whether individuals providing services are employees or independent contractors. If an employee is wrongly classified as an independent contractor, the IRS may hold the business owner liable for the worker’s employment taxes.
An upcoming Staten Island Small Business Development Center seminar will clarify the tax boundaries between workers who qualify as employees eligible for a W-2 tax form, and independent contractors, who should be given a 1099.
The event, “1099 vs. W-2: What Should Your Business Do?,” will take place June 5, 9 to 11 a.m., in Building 1P, Center for the Arts Recital Hall, at the College of Staten Island. The campus is located at 2800 Victory Blvd., in the Staten Island community of Willowbrook.
The featured speaker will be Craig L. Venokur, CPA, of Adelman, Katz & Mond LLP, a Manhattan-based firm providing tax, accounting, business management and financial services. Venokur will explain the variety of issues businesses must consider when determining a worker’s classification.
“According to the IRS, no one factor stands alone in making this determination,” said Dean L. Balsamini, director of the Staten Island SBDC. “This seminar will guide business owners toward making a correct tax-compliant decision, saving them from additional costs and penalties resulting from a wrong decision.”
PRE-REGISTRATION
For additional information or to pre-register for the event, contact Christine Purelis of the SBDC at 718-982-2560, or via email at: Christine.Purelis@csi.cuny.edu.
About the Staten Island Small Business Development Center
The Small Business Development Center at the College of Staten Island (SBDC at CSI) is part of the New York State Small Business Development Center, which is administered by the State University of New York.
The center operates as a full-time enterprise during weekday business hours, assisting small businesses and aspiring entrepreneurs with a wide array of cost-free confidential guidance and technical assistance.
Since launching in 1993, the experienced advisers of the Staten Island SBDC have worked directly with more than 6,500 businesses, helping them to invest over $146.5 million in the area’s economy, and creating or saving more than 4,500 jobs.
The Staten Island SBDC is located at: The College of Staten Island, 2800 Victory Blvd., Building 3A, Room 105; Staten Island, NY 10314-9806.
The Staten Island SBDC additionally operates two outreach sites: The Small Business Development Center, Bay Ridge Satellite Office, in the Santander Building, 9512 Third Ave., Brooklyn, NY 11209, and the Small Business Development Center, Staten Island Office, in the Empire State Bank Building, 1361 North Railroad Ave., Staten Island, NY 10306.
For information about business counseling on Staten Island, the SBDC at CSI may be reached at 718-982-2560, or via email at Christine.Purelis@csi.cuny.edu. The Brooklyn office may be contacted at 718-619-5603; the Staten Island satellite office may be reached at 718-873-4496.
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