Tag: Business of Your Business (page 3 of 5)

NYS Minimum Wage Changes Effective 12/31/21

December 29, 2021 / / Comments Off on NYS Minimum Wage Changes Effective 12/31/21

As of 12/31/2021, the basic minimum wage will change for many areas of New York State.

The minimum wage rate differs based on industry and region.

General Minimum Wage Rate Schedule
NYC – Large & Small Employers $15.00
Long Island & Westchester $15.00
Remainder of New York State $13.20

Click here for additional information for:
• tipped, fast food, and other workers
• free posters on the increased minimum wage specific to your industry

Employers must post a Minimum Wage Information poster as well as various other posters in their place of work visible to all employees.

How Much Can You Save for Retirement in 2022?

December 22, 2021 / / Comments Off on How Much Can You Save for Retirement in 2022?

The IRS has announced the contribution limit for employees who participate in a 401K, 403B and most 457 plans will increase to $20,500 for the tax year 2022 (up from $19,500 in 2021 and 2020).

The catch-up contribution limit for employees aged 50 and over who participate in these plans remains unchanged at $6,500.

BCW’s 2021 Hall of Fame Awardee!

March 2, 2021 / / Comments Off on BCW’s 2021 Hall of Fame Awardee!

We are excited and honored to announce that BYB has been awarded the 2021 Hall of Fame Business Minority Success Award from the Business Council of Westchester.

Thank you, Business Council of Westchester, for this incredible recognition. And congratulations to all of the 2021 Hall of Fame Honorees!

Corporate Citizenship

ENT & Allergy Associates

Entrepreneurial Success

Allstar Innovations

Family Owned Business Success

Lippolis Electric

Small Business Success

Progressive Computing

Women in Business Success

Sarah Jones-Maturo, President and CEO, RM Friedland

Chairman’s Award

Chereese Jervis-Hill, Events to Remember

 

BYB In 914Inc

February 15, 2021 / / Comments Off on BYB In 914Inc

Check out 914Inc.’s February/March 2021 publication featuring BYB’s Wiley Harrison; an article titled “Virtual Roundtable: Business Success During Covid”.

 

Tax Time! Newsletter for the 2020 Tax Season

February 3, 2021 / / Comments Off on Tax Time! Newsletter for the 2020 Tax Season

Click Here to read the full Tax Matters newsletter for the 2020 Tax Season

2021 Minimum Wage in NYS

December 31, 2020 / / Comments Off on 2021 Minimum Wage in NYS

As of 12/31/2020, the basic minimum wage will be $12.50 per hour in most of New York State.

The minimum wage rate differs based on: the fast food industry, tipped workers, Long Island, Westchester County, large and small employers in New York City.

General Minimum Wage Rate Schedule
NYC – Large & Small Employers $15.00
Long Island & Westchester $14.00
Remainder of New York State $12.50

For more information on the increased minimum wage specific to your industry, please click here.

Employers must post a Minimum Wage Information poster as well as various other posters in their place of work visible to all employees.

2021 NYS Misc Workers Minimum Wage Poster

Various Posters for the Workplace (NYS)

Not-For-Profit Council Meeting, March 6, 2020

February 26, 2020 / / Comments Off on Not-For-Profit Council Meeting, March 6, 2020

The Business Council of Westchester – Not-For-Profit Council Meeting


Building Diversity, Cultural Competence, and Inclusion Throughout Your Organization
Friday, March 6th, 8:30 AM
800 Westchester Ave., S-310, Rye Brook, NY

 

Building a culture of diversity, inclusion and community engagement is vital to the success of every not for profit organization. It is not simply about doing what is right but is a business imperative. Mecca presentation will help define diversity, inclusion, and cultural competence; provide strategies for building a culturally competent organization; and advice on working with your Board of Directors.

 

Featured Speaker:
Mecca (Santana) Mitchell
Senior Vice President of Diversity Inclusion and Community Engagement

Westchester Medical Center Health Network

 

 

Please register to Linda Tyler, Director of Member Engagement at ltyler@thebcw.org

 

Tax Season is Almost Here!

January 17, 2020 / / Comments Off on Tax Season is Almost Here!

The IRS will start accepting personal income tax returns on Monday, January 27th.

The deadline to file your 2019 tax return and pay any tax owed is Wednesday, April 15th.

The IRS continues to encourage taxpayers to file their returns electronically and choose direct deposit for faster receipt of refunds.

Minimum Wage for 2020 in NYS

December 30, 2019 / / Comments Off on Minimum Wage for 2020 in NYS

Starting 12/31/2019 through 12/30/2020, the basic minimum wage will be $11.80 per hour in most of New York State.

The minimum wage rate differ based on: the fast food industry, tipped workers, Long Island, Westchester County, large and small employers in New York City.

General Minimum Wage Rate Schedule
NYC – Large & Small Employers $15.00
Long Island & Westchester $13.00
Remainder of New York State $11.80

For more information on the increased minimum wage specific to your industry, please click here.

Employers must post a Minimum Wage Information poster as well as various other posters in their place of work visible to all employees.

2020 NYS Misc Workers Minimum Wage Poster

Various Posters for the Workplace (NYS)

 

 

New W4 Form for 2020

December 15, 2019 / / Comments Off on New W4 Form for 2020

The beginning of a new year is a great time for employees to review their withholding and determine if any adjustments are necessary.

The IRS has released the 2020 Form W4 which has been redesigned to reduce complexity and increase the accurateness of the withholding system.

The 2020 W4 form should be used by new hires and any employees making withholding changes in 2020.

Click here to view the 2020 Form W4

Click here for more information regarding the 2020 Form W4

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