What We Offer
- Confidential and no-cost one-on-one counseling with our NYS Certified business counselors
- On-site assistance available-at your business location
- Workshops offered on key topics and areas of specific concern for business owners
- Resources at the Research Network that can assist with market information, industry trends, sample business plans, etc.
- Asesoramiento confidencial y sin costo uno a uno con nuestros asesores comerciales certificados de NYS
- Asistencia disponible en el locación de su empresa
- Talleres ofrecidos sobre temas clave y áreas de preocupación específica para dueños de negocios
- Recursos en la Red de Investigaci
ón que pueden ayudar con información de mercado, tendencias de industria, ejemplos
de planes de negocios, etc.
The Hispanic initiative has been generously sponsored by Bank of America. We are proud to partner with them on this economic intitative.
Bank of America Hispanic Initiative Presentations En Español
Bank of America Hispanic Initiative Award Ceremony
¡DESDE PATCHOGUE Y BRENTWOOD!
ATENCIÓN NEGOCIOS HISPANOS
¡CONSEJERÍA DE NEGOCIOS VIRTUAL UNA VEZ AL MES!
GRATIS Y CONFIDENCIAL!
Si piensa iniciar tu empresa o deseas fortalecer y hacer crecer la que
tienes, programa una cita ya! Nuestra Consejera de Negocios Certificada
por el Estado de Nueva York Jacqueline R Franco te asistirá.
Consejeria
Investigación de Mercado
Entrenamiento
REGISTRATE AQUI POR PATCHOGUE
Regístrate en el 631-654-4700 ext 153 o al 631-632-9837o en el email:
sbdc@stonybrook.edu
REGISTRATE AQUI POR BRENTWOOD
Regístrate en el 631-273-7883 ext 132 o al 631-632-9837
o en el email:
sbdc@stonybrook.edu
Find Out More
Recovery Programs
This Week's TECHTalk
Growth marketing has seen a sharp increase in demand from many startups and large corporations, but what is growth marketing anyway? Growth marketing isn't about fixating on one part of your sales funnel, it's about looking at your entire customer lifecycle and using those insights and data to create wins that drive more engaged customers. Successful marketing is no longer about simply acquiring customers but acquiring customers who are going to stick around.
Contact us to learn more about growth marketing including A/B testing, referral programs and more.
This Week's Recommendation
Craft your perfect presentation and create better slide decks in 2021 with these smart tips .
Stony Brook SBDC Technology Enhancement Program
Prepare for online holiday shopping and catering orders with our f ree technology enhancement assistance
-Set up contactless and remote payments
-Ensure your website is mobile friendly
-Manage delivery orders from multiple delivery services
Contact SBDC For Free Online Appointment
Stony Brook University - Suffolk County Forward Programs
Small Business Tech Enhancement Program:
- The SBDC has partnered with Suffolk County Forward Program and Stony Brook University Colleges of Business and Engineering to assist Suffolk County small business owners enhance online technology capabilities. The Technology Enhancement Program will assess small businesses’ current technology profile, pinpoint needs, and assist in developing solutions.
This Program is Limited to Suffolk County Businesses as Part of the Suffolk County Forward Program
To participate in this free program, request a virtual appointment at the Stony Brook SBDC.
For more information on all Suffolk County Forward programs, visit the Stony Brook University College of Business Website.
New things taxpayers should consider as they get ready to file taxes in 2021
When people get ready to file their federal tax return there are new things to consider when it comes to which credits to claim and what deductions to take. These things can affect the size of any refund the taxpayer may receive.
Recovery Rebate Credit
Taxpayers may be able to claim the
recovery rebate credit
if they met the
eligibility requirements
in 2020 and one of the following applies to them:
They didn't receive an Economic Impact Payment in 2020.
-
They are single and their payment was less than $1,200.
They are married, filed jointly for 2018 or 2019 and their payment was less than $2,400.
They didn't receive $500 for each qualifying child.
Refund Interest Payment
People who received a federal tax refund in 2020 may have been paid interest. The
IRS sent
interest payments
to individual taxpayers who timely filed their 2019 federal income tax returns and
received refunds. Most interest payments were received separately from tax refunds.
Interest payments are taxable and must be reported on 2020 federal income tax returns.
In January 2021, the IRS will send a
Form 1099-INT
, Interest Income, to anyone who received interest of at least $10.
New Charitable Deduction Allowance
New this year, taxpayers who don't itemize deductions can take a
charitable deduction
of up to $300 for cash contributions made in 2020 to
qualifying organizations
. For more information, people should review
Publication 526
, Charitable Contributions.
Other Refund-Related Reminders
Taxpayers shouldn’t rely on receiving a refund by a certain date, especially when
making major purchases or paying bills. Some tax returns may require additional review
and processing may take longer.
Refunds for taxpayers claiming the
earned income tax credit or additional child tax credit
can’t be issued before mid-February. This applies to the entire refund, not just the
portion associated with this credit.
The fastest and most secure way to receive a refund is to combine direct deposit with
electronic filing, including the IRS
Free File
program. Taxpayers can track the status of their refund using the
Where’s My Refund?
tool.
SBA Disaster Assistance
SBA Disaster Assistance through the Stony Brook SBDC in Response to the Corona Virus
A Business Advisor will help you through the abundance of resources available for your particular business/industry.
Paycheck Protection Program (PPP) Reopening January 11th, 2021
The U.S. Small Business Administration (SBA), in consultation with the
Treasury Department, announced today that the Paycheck Protection Program (PPP) will
re-
open the week of January 11 for new borrowers and certain existing PPP borrowers.
To learn more, click
here.
PPP Reopens to Small Lenders on 1/15 & All Lenders on 1/19
The U.S. Small Business Administration will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, January 15, at 9 AM. The portal will fully open on Tuesday, January 19, to all participating PPP lenders to submit First and Second Draw loan applications to SBA.For more information and updates, click here
Payment Protection Program (PPP) Policy Updates
For more information and updates, click here
For more information, click
here
PPP & EIDL Borrowers Now Eligible for the New York Forward Loan Fund
The New York Forward Loan Fund (NYFLF) is an economic recovery loan program aimed
at supporting New York State small businesses, nonprofits and small residential landlords
as they reopen after the COVID-19 outbreak and NYS on PAUSE.
When the NYFLF launched in May, the fund was open only to New York-based small businesses
that did not receive PPP or EIDL. Now, small businesses and non-profits that received
a PPP loan of $500,000 or less or an EIDL loan of $150,000 or less may be eligible
for a NYFLF loan
To learn if you are eligible and to apply, click
here
New York State Directory of Small Business Programs
New York State has partnered for a first-in-the-nation program with leading global
e-commerce partners—Shopify, Square, Clearbanc, and Etsy—to accelerate New York State-
based small businesses’ ability to grow their online presence.
The participating digital partners are offering specialized solutions such as education,
free resources, marketing support and discounted pricing that are unique to the needs
of New York’s small businesses. To learn more about Empire State Digital, click
here.
Empire State Development (ESD) announced that Paycheck Protection Program (PPP) recipients are now eligible to receive low-interest loans from the New York Forward Loan Fund (NYFLF). Available to Small Businesses That Received PPP Assistance of $50,000 or Less. To learn more, click here.
SBA Coronavirus Small Business Financial Assistance Programs
- Paycheck Protection Program
- New Economic Injury Disaster Loan
- SBA Debt Relief
- SBA Express Bridge Loans
For more complete information on these programs (and other assistance options), click here to visit the SBA’s page.
Pursuit provides businesses with affordable loans and resources so that they can transform and grow. Check out their COVID-19 Resource Center .
New York Forward Loan Fund (NYFLF)
Governor Andrew Cuomo announced that the state is launching 'NY Forward,' a $100 million loan fund to provide flexible and affordable loans to help small businesses, eligible only to those small businesses who did not receive federal COVID-19 funding assistance under the SBA Paycheck Protection Program (PPP) or SBA Economic Injury Disaster Loan (EIDL).
Click here for more information
The Federal Reserve Board expanded its Main Street Lending Program to allow more small and medium-sized businesses to be able to receive support. To learn more, click here.
Additional Resources for Funds
SBA Rolls Out Dedicated Tool For Helping Small Businesses to Connect with CDFIs
The SBA's LenderMatch is used to match small businesses and non-profits with Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), Farm Credit System lenders, and Microlenders in the Paycheck Protection Program (PPP). To learn how LenderMatch can help you, click here.
The Suffolk County IDA is making available the SCIDA COVID-19 Sales Tax Equipment
Relief Program, which will grant sales and use tax exemptions to manufacturers, suppliers,
and distributors of personal protective equipment (PPE). To learn more, click
here.
The Town of Brookhaven Industrial Development Agency’s (“IDA”) COVID-19 Sales Tax Relief Program (the “Program”) will grant sales and use tax exemptions of up to $100,000 to manufacturers, suppliers and distributors of personal protective equipment (“PPE”) and other COVID-19 recovery products. To learn more, click here.
Start preparing NOW. Gather documents that provide proof of payment for allowable expenses under Paycheck Protection Program and be ready to make related certifications for the application. To learn more, click here.
BEWARE OF SCAMS AND FRAUD SCHEMES
SBA Disaster Loan and PPP Scams
During these economically difficult times, please be on the lookout for grant fraud,
loan fraud, and phishing!
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