Wednesday, December 17, 2014

MCC Advocacy Efforts on Behalf of Small Businesses

Please read about MCC’s recent efforts to help small businesses in Crain’s:

Lobbying City Hall

"We have less time to react to cover an employee now that it's a policy that you can take off and get paid rather than swapping shifts," said Mr. Sinensky.

The Manhattan Chamber of Commerce is mounting a big effort this year to convince the mayor and council that they should modify the commercial rent tax, another sore spot for local owners, by raising the rent threshold to $500,000 and above, among other measures. Today, the tax falls on businesses below 96th Street that pay at least $250,000 in annual rent.

"My rent tax goes up as building improvements are passed through," said Eneslow Shoes & Pedorthics owner Robert Schwartz, who has two stores in Manhattan, in Murray Hill and on the Upper East Side. "That's $27,000 in taxes on top of the rent."

Even one potential bright spot for some firms—a possible reduction in federal corporate taxes—has small businesses in partnerships and S corporations worried that it will put them at a competitive disadvantage.

Please read the full article here:

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