The Review - October 5, 2015

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This month’s issue sponsored by:

A DIGITAL NEWSLETTER | October 5, 2015

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Friday, October 16, 2015 8:00 - 10:00 a.m. The Mansion on Main Street, Voorhees

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usinesses and residents of New Jersey are no strangers to high taxes. In fact, by most measures, New Jerseyans are more burdened by taxes than any other state in the country. Despite efforts by the Christie Administration and some in the State Legislature, New Jersey remains at the bottom of the list (the worst) of business and personal taxes. Join our panel of experts as they provide analyses of key taxation policies surrounding the State Income Tax, Corporation Business & Business Personal Property taxes, property taxes, and inheritance/ estate taxes, including their recommendations on how to make these taxes more manageable.

BUSINESS AFTER BUSINESS AT THE BOATHOUSE 9/17

GOOD MORNING SOUTH JERSEY SERIES 9/25

Be part of the discussion on how taxes impact your ability to expand in New Jersey and what State Government can do to ease your burden! Sponsored By

Click here to register

THIS MONTH’S ADVERTISERS

HELP OUR HEROES - HELP YOUR BUSINESS 10/2

TABLE OF CONTENTS GOVERNMENT ACTION/02 UPCOMING EVENTS/04 MEMBER NEWS/09 NEW MEMBERS/10

4015 Main Street, Voorhees, NJ 08043-4659 | p. 856.424.7776 | f. 856.424.8180 | chambersnj.com Chairwoman: Angela Snyder, Chairwoman & CEO, Fulton Bank of New Jersey | President & CEO: Debra P. DiLorenzo | Editor: Meredith Lorrilliere


GOVERNMENT ACTION

Sponsored By

Wednesday, October 21, 2015 8:00 - 10:00 a.m. NEW LOCATION - Adelphia Restaurant, Deptford

Tuesday, November 10, 2015 8:00 - 10:00 a.m. The Mansion on Main Street, Voorhees

featuring

featuring

Assemblyman John J. Burzichelli

Assemblyman Adam J. Taliaferro

Click here to register

Click here to register

Friday, October 23, 2015 8:00 - 10:00 a.m. The Mansion on Main Street, Voorhees

ALL ABOARD! Passenger Rail Service in the Greater South Jersey Region PANEL:

Neil S. Yellin, Deputy Executive Director, New Jersey Transit John D. Rink, General Manager, PATCO Drew Galloway, Chief of Planning, Northeast Corridor Infrastructure Investment & Development, Amtrak Sponsored By

Click here to register C H A M B E R O F C O M M E R C E S O U T H E R N N E W J E R S E Y | T H E R E V I E W 1 0 - 0 5 | PA G E 2


EXPERT GUEST COLUMN Identity Theft: A Growing Problem By Neil Becourtney, CPA CohnReznick LLP With more taxpayers filing personal income tax returns electronically (e-filing), the problem of tax return related identity theft has been rapidly growing. There are typically two ways that a taxpayer becomes aware of tax return identity theft. One is where the tax return is rejected by the IRS with an explanation that it I has already received an electronically filed income tax return using the taxpayer or spouse social security number. The other is where the taxpayer receives IRS correspondence referring to their recently filed personal income tax return when the

taxpayer has not yet filed. Sometimes the correspondence will be addressed to the taxpayer and a spouse who they are not married to, further evidence of identity theft. The IRS website, www.irs.gov, contains information on this subject. Affected taxpayers must revert from e-filing to paper filing for the current year (remember to attach W-2 forms). There are other actions to consider if victimized including contacting the local police, filing a complaint with the Federal Trade Commission, and contacting the three major credit bureaus to place a fraud alert on your credit records. IRS Form 14039, Identity Theft Affidavit, should be filed to alert the IRS of the situation. A rash of IRS scams has come to light, which the IRS has publicized on its web

site and via YouTube videos. The IRS emphasizes that initial communication with taxpayers always occurs via U.S. Postal Service mail. Many taxpayers have reported receiving threatening telephone calls from individuals claiming to be IRS employees (they recite an ID number as an IRS employee typically does) requesting the taxpayer to disclosure their social security number or face harsh consequences such as jail time. Various e-mail scams will reference a refund on the subject line and usually request the recipient to click on a link to have the refund processed. The IRS does not do business in this fashion. While legitimate IRS employees utilize e-mail when working with tax practitioners, e-mail is not utilized in connection with approval and issuance of income tax refunds.

CohnReznick is an independent member of Nexia International

C H A M B E R O F C O M M E R C E S O U T H E R N N E W J E R S E Y | T H E R E V I E W 1 0 - 0 5 | PA G E 3

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UPCOMING EVENTS

Tuesday, October 27, 2015 8:00 - 9:30 a.m. Crowne Plaza Cherry Hill

ECONOMY

Gary Wagner, Ph.D., Regional Economic Advisor, Federal Reserve Bank of Philadelphia

COMMERCIAL REAL ESTATE

George D. Sowa, Executive Vice President & Senior Managing Director, Brandywine Realty Trust

ENERGY Vincent Maione, Region President, Atlantic City Electric AGRICULTURE

Peter J. Furey, Executive Director, NJ Farm Bureau Presented by

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Friday, October 30, 2015 8:00 - 10:00 a.m. The Mansion on Main Street, Voorhees In 2014, Congressman Pallone was selected to serve as the Ranking Member of the House Energy and Commerce Committee. This Committee deals with all national energy issues, such as the generation and marketing Congressman Frank Pallone of power and the exploration, production, storage, supply, pricing, and Ranking Member U.S. House Energy & Commerce Committee regulation of energy resources. Please join us to hear from Congressman Pallone as he details his powerful new role as Ranking Member and the Committee’s priorities and achievements this year. featuring

Sponsored By

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Some surprises are better than others.

We have plans to help New Jersey businesses save on health insurance. Finding health insurance to meet your employees’ needs as well as your bottom line can be complicated. We help make finding the right plan simpler, while our broad Oxford Garden State Network helps make getting care easier. Which is a healthy solution for everyone.

Contact your broker

visit uhc.com/gardenstate

Oxford HMO products are underwritten by Oxford Health Plans (NJ), Inc. Oxford insurance products are underwritten by Oxford Health Insurance, Inc. NJ-15-578 Š2015 United HealthCare Services, Inc. UHCNJ756496-000


at the Salvation Army Ray & Joan Kroc Corps Communit y Center Sponsored by

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oin us for an evening of networking at the new Salvation Army Ray & Joan Kroc Corps Community Center in Camden, NJ. Opened in October 2014, the $90-million, 120,000-square-foot Center serves Camden City families with its vast array of amenities, including sports facilities, a fitness center, indoor water park and swimming pool, performance stage, and library. Plan to network with fellow CCSNJ members, Camden City legislators and other elected officials, and members of LAEDA and the Camden Business & Contractors Association at this this after-hours event. Hors d’oeuvres and soft drinks will be served, and tours of the facility will be provided by Center staff. Attendees are asked to bring a non-peris hable food item to donate to the K roc Center’s Choice F ood Pantry presented by Subaru . in partnership with

WEDNESDAY, OCTOBER 28, 2015 5:00—7:00 p.m. SALVATION ARMY RAY & JOAN KROC CORPS COMMUNITY CENTER 1865 Harrison Avenue, Camden, NJ

$25 pre-registered members* $35 members at the door* *This is a CCSNJ Members Only event. If you are not a member and are interested in attending, please contact Lisa K. Hurd at 856.424.8980 or lhurd@chambersnj.com.

CBCA

Click here to register For registration and directions, visit the events page at chambersnj.com

october 8 15 22 29

11:45 a.m. Filomena Lakeview Deptford 11:45 a.m. Braddock’s Medford 8:30 a.m. Blue Heron Pines Egg Harbor City 8:30 a.m. NJ Motorsports Park Millville

November 5 12

11:45 a.m. 11:45 a.m.

The ChopHouse Filomena Lakeview

Gibbsboro Medford

Sponsored By

C H A M B E R O F C O M M E R C E S O U T H E R N N E W J E R S E Y | T H E R E V I E W 1 0 - 0 5 | PA G E 6


Tuesday, November 3, 2015 11:30 a.m. - 1:30 p.m. The Hotel ML, Mount Laurel

featuring

Ronald J. Masciantonio Executive Vice President & Chief Administrative Officer Destination Maternity Corporation

Ron Masciantonio has served in several executive positions within Destination Maternity, including General Counsel, Vice President & General Counsel, and Senior Vice President & General Counsel before being named Executive Vice President & Chief Administrative Officer in November 2012. Destination Maternity is the largest designer and retailer of maternity apparel. Earlier this year, the company relocated its corporate headquarters and distribution center to Southern New Jersey. Join us to hear from Mr. Masciantonio about how the company grew from a small mail-order business to the largest maternity apparel company in the country, and future plans for continued growth and expansion.Â

Click here to register

Click here to register C H A M B E R O F C O M M E R C E S O U T H E R N N E W J E R S E Y | T H E R E V I E W 1 0 - 0 5 | PA G E 7


Click here to register

Member Access Program MAP is CCSNJ’s program designed to help members get in touch and do business with each other. We offer our members the opportunity to access fellow member companies through our Database, as well as mailing labels. For more information, contact Adriana Principato at 856.424.7776 ext.123 or aprincipato@chambersnj.com

Market to Your Fellow Chamber Members C H A M B E R O F C O M M E R C E S O U T H E R N N E W J E R S E Y | T H E R E V I E W 1 0 - 0 5 | PA G E 8


MEMBER NEWS NODCC Announces First Annual Golf Outing

SHARE YOUR NEWS

The National Organization for Disorders of the Corpus Callosum (NODCC) will hold its first annual golf outing Oct. 22.

We cover our members’ news, including events, announcements, awards and promotions here and on the web site. Please submit your company’s news items to Stephanie Pryor. Please allow 4 weeks for publication.

The only non-profit organization dedicated to improving diagnoses and providing support for those affected by a Disorder of the Corpus Callosum will tee off at Blue Heron Pines Golf Club in Egg Harbor City, NJ. Registration for this event closes Oct. 9. For more information and to register, visit www.nodcc.org or contact Linda Simpkins at (609) 9651800 ext. 3 or lindasimpkins58@gmail.com.

CLICK HERE FOR MORE MEMBER NEWS

C H A M B E R O F C O M M E R C E S O U T H E R N N E W J E R S E Y | T H E R E V I E W 1 0 - 0 5 | PA G E 9


NEW MEMBERS BEVERAGES-WHOLESALE, BOTTLING & DISTRIBUTION Clement Pappas and Company, Inc. Carneys Point, NJ www.clementpappas.com

OFFICE SUPPLIES W.B. Mason Company, Inc. Pennsauken, NJ www.wbmason.com

Clement Pappas, a subsidiary of Lassaonde Industries, is a leading Private Brand supplier of cranberry sauces and beverages including juices, drinks, teas, and waters.

W.B. Mason is the official office supplier of the Philadelphia Phillies. Since 1898, W.B. Mason has been passionate about bringing amazingly low prices, superior delivery, and outstanding personal service to businesses of all sizes.

HEALTHCARE ORGANIZATION

RESTAURANTS

DaVita Healthcare Partners, Inc Pennsauken, NJ www.davita.com

Cross Culture Indian Restaurant Haddonfield, NJ www.crossculturenj.com

A Fortune 500 company that provides a variety of health services to patient populations throughout the United States and abroad.

Authentic Indian cuisine in a contemporary setting.

INVESTMENTS Raymond James Financial Services, Inc. Somerville, NJ www.raymondjames.com

TELECOMMUNICATIONS MAX Communications, Inc. Millville, NJ www.maxcommusa.com Installation of business telephone systems, video surveillance, and camera systems.

Diversified Financial services firm offering financial planning, investment, insurance, banking & corporate executive services.

LAW FIRM Gibbons P.C . Newark, NJ www.gibbonslaw.com Gibbons P.C . is a leading law firm in New Jersey, New York, Pennsylvania, and Delaware, and is ranked among the nation’s top 200 firms by The American Lawyer. The Gibbons Government Affairs Department, located in Trenton, has recently been ranked as the state’s #1 lawyer-lobbying firm for the seventh consecutive year.

Interested in becoming a CCSNJ member? Contact Lisa K. Hurd at (856)424-8980 or lhurd@chambersnj.com

C H A M B E R O F C O M M E R C E S O U T H E R N N E W J E R S E Y | T H E R E V I E W 1 0 - 0 5 | PA G E 1 0



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