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VIEWPOINT: Adopting the assumed-breach mentality on cybersecurity
The cybersecurity landscape is Constantly changing. Everyday, Stories are told of breaches, ransoms, and threat actors pushing us collectively further into uncomfortable territory. Stories like the Colonial Pipeline and Kaseya were major eye-openers for many, but they weren’t the first and they won’t be the last. The recent report, called the State of Ransomware 2022, from […]
VIEWPOINT: Online scams are on the rise, make your business cyber-safe
When pandemic shutdowns shifted the nation’s commerce from in-person to online, cybersecurity experts knew that fraud attempts would follow. Circumstances during the past few years forced many Americans to quickly become far more comfortable with working remotely, banking, and making purchases online. Now, as the pandemic begins to recede as the primary focus of our attention,
Ask Rusty: About Payroll Tax & Income Tax on Social Security
Dear Rusty: Is it possible for you to go over how the Federal withholding tax is computed on Social Security benefits? Signed: Curious Taxpayer Dear Curious: I’m not sure if you’re asking about how FICA (or self-employment) tax on your earnings from work is determined, or if you’re asking about how much income tax to
CEO FOCUS: A Chance to Reflect on our Region’s Economic Progress
The International Economic Development Council celebrated economic Development Week [from May 9-13], providing an opportunity to bring the work we do every day into focus. In the early 2000s, leaders from across the public and private sector recognized the need for us to change how we approached economic development. Working together, we shifted our focus
CEO FOCUS: Support Small Businesses, Key Drivers of Economic Growth
National Small Business Week [which ran May 2-6, presented] a time to recognize the critical contributions of America’s entrepreneurs and small-business owners. In the Syracuse metro area, small businesses with fewer than 100 employees represent about 11,500 companies, which employ more than 80,000 people and contribute over $3.5 billion in annual payroll to the local
VIEWPOINT: New state law bars colleges from withholding transcripts of indebted students
On May 4, 2022, Gov. Kathy Hochul signed into law A.06938B, which amends New York State Education Law. It adds a new Article 13-C; §640, which prohibits degree-granting institutions and licensed private career schools from withholding transcripts of students who owe a debt to the institution. It is also unlawful under §640 for institutions to condition
Ask Rusty: About the Earnings Test & Taxation of Social Security Benefits
Dear Rusty: I’m 63, married, and we file a joint tax return. If I claim Social Security (SS) now and keep working and earn $7,000 more per year than the annual limit of $19,560, I know I’d have benefits withheld at the rate of $1 for every $2 over the limit ($3,500). But if I
NONPROFIT MANAGEMENT: Is Your Employee Retirement Plan Compliant?
We are approaching the time of year where we dust off our employee retirement plans and auditors show up to ask us all sorts of questions about the plan and test a sample of contributions. Once that audit is complete, we can shelve our plan and not dust it off again until the next year. Of
VIEWPOINT: Digital transformation is imperative to combat health care’s labor crisis
As the coronavirus pandemic first spread across the globe, health systems turned to technology and virtual care while focusing their efforts on COVID-19 and its consequences. Physicians deployed digital tools to keep the worried well out of hospitals, to keep beds open for COVID-19 patients, and to support and manage conditions like pregnancy from the safety
VIEWPOINT: Five Steps for N.Y. employers to save on health-care costs
When it comes to offering health benefits to employees, every employer has two primary goals: improve coverage and lower costs. Achieving those goals may help encourage a healthier workforce, while reducing absenteeism and presenteeism, both of which can sap productivity and make an employer less competitive. Importantly, medical care ranks as the second-largest expense (behind
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