Seminar on June 5 to Help Business Owners Determine If Workers Are Employees or Independent Contractors

 

Staten Island’s only community-based business bank highlights 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.

With this in mind, Victory State Bank is helping to spread the word about an upcoming Staten Island Small Business Development Center seminar, The workshop willclarify 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: This email address is being protected from spambots. You need JavaScript enabled to view it. .

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, NY10314-9806.

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 This email address is being protected from spambots. You need JavaScript enabled to view it. . The Brooklyn office may be contacted at 718-619-5603; the Staten Island satellite office may be reached at 718-873-4496.

 

 

About Victory State Bank

VSB Bancorp, Inc. (OTC: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

 

Media Contact: Barton Horowitz

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

Fight Identity Theft With Measures From NYPD,

Urges Victory State Bank

 

Staten Island’s only community-based commercial bank shares advice

for thwarting ID thieves

 

STATEN ISLAND, N.Y. – Victory State Bank suggests all business owners and consumers participate in the fight against identity theft by learning how to prevent becoming a victim of such crime.

The bank is urging people to follow these preventative measures from the New York City Police Department:  

 

 

  • Shred all bills, credit card charge receipts, credit applications, insurance forms, bank statements, expired charge cards, and pre-approved credit offers before throwing them into the garbage.
  • Do not provide personal information simply because someone asks for it or because it is asked for on a form, questionnaire or product registration card.
  • Do not give out your social security number freely.
  • Promptly remove mail from your mailbox. If going on vacation, make arrangements for someone to take the mail for you or call the U.S. Postal Service at 1-800-275-8777 and request a vacation hold for your mail.
  • Place outgoing mail in post office collection boxes or at your local post office.
  • Never give personal information over the telephone, such as your social security number, date of birth, mother's maiden name, credit card number or bank PIN number, unless you initiated the call. Make sure you release this information only when necessary.
  • Don't carry extra credit cards in your wallet or pocketbook.  Cancel the ones you no longer use.
  • Order credit bureau credit reports once a year to check for fraudulent activity or other discrepancies.
  • Sign all new credit cards upon receiving them in the mail.
  • Save all credit card receipts and match them against your monthly bill.
  • Never leave receipts at an ATM, store counter, self-serve gas pump or in trash cans. Keep track of all paperwork and destroy those you no longer need.
  • Memorize your social security number and passwords. Never write them down or carry them in your wallet or pocketbook.
  • Never loan anyone your credit cards.
  • If a credit card you applied for doesn't arrive in a timely fashion, notify the issuing bank. Also keep track of expiration dates on your cards. If the new card doesn't arrive notify the issuing bank.
  • Notify all banks and credit card companies of any change of address.
  • Never put bank account or credit card numbers on the outside of an envelope or postcard.
  • Beware of telephone solicitations asking for personal information about your accounts or your social security number.
  • When disclosing credit card, checking account or other financial data online, use caution. Make sure you receive a secured authentication key (lock icon) and a statement that indicates your transaction is secure. 
  • Be cautious of e-mails and instant messages that are unsolicited and request you to confirm credit card numbers, passwords or other personal information. Con artists often pose as agents of banks, on-line shopping services or internet providers attempting to obtain this information to commit fraud.
  • Financial institutions may share your information with other companies.  If you want, you can limit some of that sharing.  Each year, your financial institutions should send you a privacy notice with instructions for "opting out." Read these notices carefully.  Also, when establishing accounts with new companies, ask about privacy policies and make your wishes known.
  • The credit bureaus offer a toll-free number that enables you to "opt-out" of having pre-approved credit offers sent to you for two years. Call 1-888-5-0PTOUT, (567-8688) for more information.
  • The Federal Government has created the National Do Not Call Registry. To register, or get information, visit www.donotcall.gov, or call 1-888-382-1222 from the phone you want to register.  You will receive fewer telemarketing calls within three months of registering your number. It will stay in the registry for five years or until it is disconnected or you take it off the registry. After five years, you will be able to renew your registration.

 

 

 

About Victory State Bank

VSB Bancorp, Inc. (OTC: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

Media Inquiries:

Relevant Public Relations, LLC

Headquarters: 718 682 1509

http://www.RelevantPR.com

Mobile: 917-715-8761

 

 

 

Victory State Bank Echoes FDIC Tips

For Stopping Unwanted Solicitations

 

Staten Island’s only community-based commercial bank explains how

to remove your name from marketing lists

 

STATEN ISLAND, N.Y. – Some people want to be on marketers' mailing and telephone lists for new offers, but if you don't, Victory State Bank suggests you follow these tips from the Federal Deposit Insurance Corp. (FDIC):

  • You can reduce the number of offers for credit cards, insurance and other financial products that you receive by calling toll-free 888-5-OPTOUT (888-567-8688) to remove your name from marketing lists that the nation's major credit bureaus provide to creditors and insurers.
  • You can cut back on mailings and phone calls from national advertisers by taking advantage of services offered by the Direct Marketing Association. For more information, write to DMA Consumer Affairs, 1111 19th Street, NW, Washington, DC 20036, or go to www.dmaconsumers.org on the Internet. To be removed from marketing lists at local businesses, contact them directly.
  • Don't give out personal details (such as your income or buying habits) to people or businesses who ask for it unless you know and approve of how that information will be used. Example: The information you provide when you enter drawings at stores, fill out warranty cards for new products or respond to surveys on the Internet often gets sold or rented to other marketers.

 

About Victory State Bank

VSB Bancorp, Inc. (OTC: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

Media Inquiries:

Relevant Public Relations, LLC

Headquarters: 718 682 1509

http://www.RelevantPR.com

Mobile: 917-715-8761

 

 

New York State Attorney General Lists Top-10 Consumer Fraud Complaints

 

STATEN ISLAND, N.Y. -- Victory State Bank, Staten Island’s only community-based commercial bank, is committed to keeping business owners and consumers informed about the threat of fraud.

With this in mind, we are sharing the following information from New York State Attorney General Eric T. Schneiderman, which lists the top-10 consumer fraud complaints his office received in 2013.

In addition to highlighting the scams most reported by New Yorkers, the Attorney General offers tips on how to avoid them in the future.

“My office will use every legal tool at our disposal to hold fraudsters and unscrupulous businesses accountable and to protect consumers from their deceptive practices” said Schneiderman. “I encourage all New Yorkers who feel they have been victims of fraud to contact my office and take all necessary precautions to prevent scams before they start.”

In 2013, Internet-related complaints topped the list (4,753), followed by automobile-related scams and credit-related complaints that involved debt collection, credit card billing and identity theft, with 2614 and 2295 complaints respectively.

In addition, the Attorney General's Office continues to receive a large number of mortgage-related complaints (more than 1,700).

In June 2012, Attorney General Schneiderman announced the Homeowner Protection Program (HOPP), a $60 million program to fund legal service providers and housing counseling organizations serving at-risk homeowners across New York. Homeowners who need assistance can call 1-855-HOME-456 to be connected with a counselor within 24 hours.

 

The following is the 2013 list of the top-10 consumer complaints by category:

1. Internet (privacy issues; spyware; consumer frauds)

2. Automobile (buying; leasing; repair; service contracts; rentals)

3. Credit (debt collection; credit card billing;  debt settlement; payday loans; credit repair; credit reporting agencies; identity theft)

4. Consumer-Related Services (security systems; restaurant/catering services; tech repairs; dating services) 

5. Mortgage (mortgage modifications; mortgage and loan broker fraud; foreclosures)

6. Landlord/Tenant (deposit releases; tenant harassment)

7. Furniture/Major Household Appliances

8. Home Repair/Construction (home improvement services not delivered or done poorly)

9. Retail Sales (any sale of goods: food; clothing; rent to own; wholesale clubs; price gouging)

10. Mail Order (purchases made online or from a catalog)

The Attorney General also provided a list of tips all consumers should use to protect themselves and their families:

Internet: Always make sure Websites are secure before providing any financial information, such as a credit card or bank account number. Secure Website addresses start with “https” and have a symbol, such as a lock. These secure sites are encrypted to scramble your information as it is transmitted over the Internet to keep it secure.

Credit: Debt collection is the most common type of credit fraud, and consumers must know their rights. Debt collectors may not harass or abuse consumers, or provide misleading information – for instance, claiming to represent a government agency. Anyone with credit problems should contact non-profit credit counseling agencies licensed by the New York State Department of Financial Services for assistance in managing the situation and avoiding collection scams.

Automobile: Many automobile complaints relate to leasing, and New Yorkers should know that they are protected by the strongest auto-leasing law in the country. The law allows consumers to shop around for the best deal when leasing a car and set limits on early termination, and even gives the Attorney General’s Office jurisdiction to resolve excess wear-and-tear disputes.

Consumer-Related Services: We rely on a range of services in our day-to-day living, from snow removal to home repair to party planning. Make sure to use a written contract for all services that clearly defines restrictions and obligations of both the consumer and service provider.

 Landlord/Tenant: Landlords are required to keeping records of all notices, inspections and repair matters related to the residence. This is especially important for issues like lead paint – which was prevalent in the 1960s and poses a significant threat to children. Ask your landlord for documentation to ensure that your building is up to code.

 Mortgage: Mortgage rescue scams prey on homeowners in their greatest time of need. Look out for offers that will stop or delay foreclosure payments for an upfront fee or make payments on your behalf. Beware of companies that suggest a government affiliation or claim to be with the government, or those that work with attorneys but do not provide the services promised. Call our toll-free Homeowner Protection Program (HOPP) hotline at 1-855-HOME-456 to find a free non-profit housing counselor or legal services organization that can help you.

 Home Repair/Construction: The biggest and most important investment families will make is their home, and improvements should add value, not hardship. Before entering into a contract, shop around for estimates, check with the Better Business Bureau, banks, suppliers and neighbors for references, and know your rights: You have three days after signing a home improvement contract to cancel it. Home improvement contractors must be licensed in New York City, Suffolk, Nassau, Westchester, Putnam, and Rockland counties.

 Retail Sales: Retail gift cards have become increasingly popular. However, consumers should be careful to buy only from retailers they know and trust. If you buy a card from a company that files for bankruptcy or goes out of business, the card may be worth less than what you paid. Consumers should also read the rules on the card to know what fees and conditions apply. New rules now provide that money on a gift card cannot expire for at least five years from the date the card was purchased, or from the last date any additional money was added to the card. Inactivity fees can be charged only if the card has not been used for at least one year.

Mail Order: Whether ordering online or from a catalog, make sure the company has an operating customer service line and lists a real street address. Companies operating on a “fly-by-night” basis often have no working customer service number and list only a post office box.

 Telecommunications: Consumers should check their landline and wireless phone bills for unauthorized third party charges for non-call-related services like email, Website hosting, discount buying programs or voicemail services. “Cramming,” as this practice is called, can occur when companies trick consumers into allowing such charges through sweepstakes entries, surveys, Websites, and contests. Some businesses use misleading and deceptive ads promising "free" services or products to get your name and telephone number and then charge you for a service you don't need or want. If you see unauthorized charges on your bill, tell your telephone company that you dispute the charges and ask that they be removed.

Attorney General Schneiderman reminded New Yorkers that in addition to being vigilant consumers, they should also report instances of fraud to his office. Consumers are encouraged to file complaints by visiting the Office’s Website or calling 1-800-771-7755.

 

About Victory State Bank

VSB Bancorp, Inc. (OTC: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

Media Inquiries:

Relevant Public Relations, LLC

Headquarters: 718 682 1509

http://www.RelevantPR.com

Mobile: 917-715-8761

 

Use Caution When Buying Through an Online Auction

Victory State Bank shares Internet-safety advice

 

STATEN ISLAND, N.Y. – Before participating in an Internet auction, make sure you are proceeding safely, urges Victory State Bank.

The bank suggests business owners and consumers learn how to protect themselves from Internet auction fraud by following these tips from the Internet Crime Complaint Center (IC3), a partnership of the FBI and the National White Collar Crime Center:

 

  • Learn as much as possible about the seller, especially if the only information you have is an e-mail address. If it is a business, check the Better Business Bureau where the seller/business is located.
  • Examine the feedback on the seller.
  • Determine what method of payment the seller is asking from the buyer and where he/she is asking to send payment.
  • If possible, purchase items online using your credit card, because you can often dispute the charges if something goes wrong.
  • Be cautious when dealing with sellers outside the United States. If a problem occurs with the auction transaction, it could be much more difficult to rectify.
  • Ask the seller about when delivery can be expected and whether the merchandise is covered by a warranty or can be exchanged if there is a problem.
  • Make sure there are no unexpected costs, including whether shipping and handling is included in the auction price.
  • There should be no reason to give out your social security number or driver’s license number to the seller.

 

 

About Victory State Bank

VSB Bancorp, Inc. (OTC: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

Media Inquiries:

Relevant Public Relations, LLC

Headquarters: 718 682 1509

http://www.RelevantPR.com

Mobile: 917-715-8761