Business Advice Event

📍Location : ACC Gate (746 61st St, Brooklyn, NY 11220)

📅Date : Friday, March 14th

🕐Time : 1:00 pm – 4:00 pm

👥Clients : Chinese small merchants and entrepreneurs in New York City

– This event provides one-to-one free consultation and can book an on-site service to help merchants plan their operations to make your business more compliant, efficient and competitive!

🔷What help does the event provide? Analysis of relevant knowledge points

1️⃣ Tax Filling Related: How to Make a Fair Filling and Avoid a Fine?

🔷Business Taxes: Businesses in New York usually need to file sales tax (Sales Tax), corporate tax (Business Corporation Tax), self-employment tax (Self-Employment Tax), etc.

🔷Sales Tax Filing: If your business sells physical goods (e.g. catering, retail), you must register a Sales Tax Certificate and file regularly on the New York State Tax Website (www.tax.ny.gov).

🔷Tax Saving Strategies: Learn about deductible business expenses (such as rent, equipment purchases, advertising, etc) to reduce your tax burden

🔷Small Business Tax Benefits: New York State and the federal government provide tax credits for small businesses, such as Startup NY, to help reduce the tax burden of start-ups.

👉 Important Reminder:

✅Late filing or underreporting of taxes can result in a high fine. It is recommended that you file your tax returns in a timely manner and keep all financial records for at least three years

✅If your business is an LLC or S-Corp, you need to understand the different tax structures and make sure you choose the most tax efficient option.

2️⃣Government censorship is relevant: How to operate legally and pass inspections smoothly?

🔷Business License and Registration: All businesses must be registered with the NY Department of Sate or the city government and obtain the necessary certifications according to industry needs, such as:

• Restaurants need to apply for Food Service Permit (Food Service Permit)
• Construction requires a Contractor License
• Retail stores need to obtain a Sales Tax Certificate

🔷Compliance: New York City regularly checks whether business comply with labor laws, environmental regulations, good safety regulations, etc. Violations can result in fines or even business shutdown.

• Common violations in the restaurant industry: substandard hygiene, employees without health certificates, failure to post warnings about allergens, etc.
• Common violates in retail: non-compliant labeling of goods, sale of products banned by minors (e.g., tobacco and alcohol).
• Wage compliance: minimum wage, overtime pay, etc., subject to New York State Development of Labor Requirements.

👉Important Reminder:

✅Check the validity of your business license in advance to avoid business violations!

✅Labor regulations require proof of lawful employment (I-9 Form) to avoid fines from the Bureau of Labor

3️⃣Investment and business planning: how to grow steadily and increase profits?

🔷Capital Management and Financing: New York City provides a variety of small business loans (Small Business Loan), Startup Grants (Startup Grants), low-interest government loans and other financial support.

• SBA Small Business Administration Loan: A government-supported financing program for small businesses that is suitable for expanding their business or responding to short-term funding needs.

NYC Business Solutions Grant: A no-interest loan or grant to eligible to start-ups.

🔷Business model optimization: Improve the competitiveness of the enterprise by adjusting cost control, pricing strategy, and customer group.

• Cost control: Reduce rents, optimize supply chains, take advantage of tax incentives.
• Marketing Strategy: Use social media promotion (such as WeChat, Douyin, Xiaohong-shu) to expand the customer base.

Expand online sales: Use Amazon.com, Shopify, Etsy and other platforms to expand the online market.

👉Important reminder:

✅Ensure adequate cash flow and avoid operating difficulties due to a breakdown of the financial chain!

✅Plan your finances properly, diversify your investment risks, and don’t put all your funds into a single area!

📍Why should I attend?

✅Free consultation in Chinese, face up to the government commissioner and get professional advice!

✅One-to-one service, tailor-made solutions for your business problems!

✅Keep up to date on the latest policies to help you operate in compliance and avoid unnecessary fines and legal risks!

The New York City government has been committed to helping small businesses in the Chinese community thrive. This rare free consultation opportunity allows you to speak directly with the government commissioner to address a variety of difficult issues in your business.

📢The places are limited and merchants are welcome to come and consult!

📞Contact ACC for more information!

💼Let us take your business to the next level!!