Bread Stuy Seized By Feds
Bad news Bed Stuy. Neighborhood fave Bread Stuy has run into trouble: According to the tipster who sent in this photo, the cafe was shuttered today and slapped with a large “Seized” sticker. The reason, according to what was posted in the window, has something to do with taxes. Very sad. GMAP
Bad news Bed Stuy. Neighborhood fave Bread Stuy has run into trouble: According to the tipster who sent in this photo, the cafe was shuttered today and slapped with a large “Seized” sticker. The reason, according to what was posted in the window, has something to do with taxes. Very sad. GMAP
benson- do backpedal and make yourself the poor victim here. You do that so well.
I know the Feds don’t seize property lightly- my point was you have no idea why Bread-Stuy fell behind on their taxes. this was a guy trying to run a business in a not rich community. He hired locals. It was a community gathering place- I always saw people in there sitting and talking. Single people, families. They were an asset.
You have no facts or inside information to support your attitude toward this business owner.You are all too quick to condemn.
Everyone should be VERY clear about WHICH taxes a shop like this wasn’t paying…. If they were flush with cash and were pulling a profit, then they would have income tax to pay.
HOWEVER, I’m 130% sure that’s not that case here.
The only tax liability this sort of company really has is related to payroll withholdings. i.e., social security, medicare… and income tax withholdings (in other words, the money the employees are PAID as part of their wages!, but are withheld on their behalf for their income tax!)
Trust me, I’ve been intimately involved with a small company that got into arrears with Federal and State payroll taxes… it is the WORST thing you can possibly do. (For obvious reasons… an unpaid vendor can’t seize your property like this).
I have to agree, this is theft. Especially since it’s not income or corporate taxes we’re talking about. It’s the taxes on employees wages.
If this was a NYS seizure, it could also be because of failure to pay Sales Tax… which, is also inexcusable since we all pay out 9% at the register. it’s part of the price tag. You simply don’t “leverage” the GOVERNMENT to pay your other expenses. You screw each of your vendors in turn, sure. But don’t skip a tax bill and expect everything to be OK.
quote:
Isn’t the NYC restaurant attrition rate something like 60%?
yep, same as the on high school graduation rate lol
*rob*
I’ve had my share of inedible food from Common Grounds.
I take my chances now at the little pastry shop on the corner that doesn’t sell a big enough variety for dave.
I am not going to go back and read what everyone has said so far so forgive me if I am being redundant, but regardless of tax issues or whatever, this is a real loss for the neighborhood. That was such a lively and friendly hangout spot and a real anchor for Lewis Ave. I really hope the current proprietors can figure out how to re-open or somebody else steps in and does something there because that little stretch of Lewis is so nice and it would be a shame for it to lose steam at this point.
Bxgrl;
Too much coffee this morning?
I won’t respond to your personal comments.
To respond to your substantive comments (which was similiar to Montose’s): “For all you know there could have been catastrophic illness in the family, a bad divorce- many things. ”
Last time I checked, the Fed’s don’t seize property for any of these reasons. Let’s be clear about what happened here. This guy didn’t shut down due to a sudden tax bill he was hit with. His property was SEIZED by the Fed’s. They don’t take that step lightly.
Snark, if it’s 60% I’d be surprised it’s that low. But you’re right, restaurant/food service has the highest rate of failure.
> a lot of small businesses fail in the first few years
Isn’t the NYC restaurant attrition rate something like 60%?
bedstuymichael….email me DJL135e54@yahoo.com
There’s a grocery store/prepared foods concept that’s in the works. It’s in the planning stages and investors are needed but we’ve secured a very favorable lease.
Additionally, there are other locations available in the neighborhood, apparently including this one.