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Ask Rusty: Is Taxing Social Security Fair?
Dear Rusty: Taxing Social Security benefits isn’t fair. It would benefit everyone if seniors could earn as much as possible without having their Social Security taxed. We would still be paying into Social Security which would help the fund. I also feel that all people earning over $100,000 should pay into Social Security because they […]
NONPROFIT MANAGEMENT: Accepting the Torch and Things to Think about for Improving Retention
I would like to begin by thanking Jerry Archibald, who has been writing this column for over a decade. Like many of you, I have thoroughly enjoyed reading his insightful and perceptive articles. They have been used by countless tax-exempt organizations in our community to enhance their knowledge of how legislation, accounting standards, and a multitude
VIEWPOINT: Cyber-Ish Tips: Are You Prepared for Ransomware?
“All your important files have been encrypted…” This simple phrase can cause chills in even the most prepared and protected organizations, because even if you have properly prepared, there is always the doubt: “Are you prepared enough?” For organizations that have not prepared, this pop-up message could mean the end of your business. Ransomware is a
SMALL BUSINESS SPOTLIGHT: A Restaurant and an Instrument for Hope
SALINA — When Matthew Cullipher opened the Hope Café and Tea House in 2017, he had two missions that he was trying to accomplish. The first mission was to provide a variety of delicious food and beverages that replicated the taste and feel of countries such as Peru, Columbia, Venezuela, and Italy. That mission has
VIEWPOINT: NYS Department of Labor Issues FAQs on Recreational Marijuana
The New York Department of Labor (DOL) [in early October] published Frequently Asked Questions (FAQs) regarding the legalization of recreational marijuana and its impact on the workplace (https://dol.ny.gov/system/files/documents/2021/10/p420-cannabisfaq-10-08-21.pdf). The Marijuana Regulation and Taxation Act (MRTA), which legalized the recreational use of marijuana for individuals over the age of 21 in New York, was passed in March
CEO FOCUS: Engage with CenterState CEO’s Tech & Culture Programs to Support Diverse Talent
One of the marks of success of CenterState CEO’s innovation and entrepreneurial efforts is the thriving tech ecosystem in Syracuse. This community is home to many rapidly growing tech companies, and is a great place for people to get a job or start their tech career. However, like so much of the tech industry across the
VIEWPOINT: How New York Contractors Can Reduce Risk of Being Audited
Top audit triggers and most-common pitfalls for contractors Under New York sales-tax law, contractors have the unusual burden of being considered the consumer of building materials, making them prime targets for audits. As a general rule, contractors must pay sales tax on all building materials, for both repairs and maintenance (R&M) and capital-improvement (CI) purchases, unless an
ASK RUSTY: Is It Always Best to Wait Until Age 70 to Claim Social Security?
Dear Rusty: I’m 66 years old and still (self) employed as a home builder. I have not taken Social Security benefits yet, and don’t need to at this time. If relevant, my business struggled when I first started it five years ago, but did well last year, and I’ll have my highest earning year in
VIEWPOINT: How to find top talent in a work-from-home world
It would be an understatement to say that COVID has forever changed the world of work. The impact of work from home and the rapid adoption of technologies like Zoom and MS Teams that made it possible have led to significant hiring challenges. No longer can companies succeed in demanding that workers report into an office. Those
CEO FOCUS: Proposed Investments Will Create a More Vibrant Community
Right now, there are projects and investments being proposed at a level we have not seen in generations. Over the past year, our business-development team has been actively tracking more than $89 million in proposed projects that are interested in expanding and locating in Central New York. Not only do these investments drive growth, progress, and economic
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