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NONPROFIT MANAGEMENT: Red flags for our health-care delivery system
“Health-care costs are an issue both for the government and for our larger economy.” —Sylvia Mathews Burwell I’m officially raising red flags of significant concern for the future of the New York state and United States health-care delivery system. Fact #1: The U.S. is rapidly approaching 20 percent of our gross domestic […]
CEO FOCUS: Region to Benefit from U.S. Innovation and Competition Act
The U.S. Senate [recently] approved the U.S. Innovation and Competition Act (USICA). The more than $250 billion measure would increase research and development in critical new technologies, create new innovation hubs in midsized markets, such as the Syracuse metro area, incentivize domestic semiconductor production, and enhance America’s tech competitiveness with China. Sponsored by Senate Majority Leader Chuck
VIEWPOINT: How to Grow Your Revenue With Diversified Investments
There’s a famous line from the 1967 hit movie “The Graduate.” Mr. Maguire says to Benjamin Braddock, played by Dustin Hoffman, “There’s a great future in plastics. Think about it. Will you think about it?” Maybe it’s time to replace “plastics” with “diversified growth.” Diversification is the growth driver today I don’t agree with people who express “grow
VIEWPOINT: Want or Need to Retire Early? Tips on How to Pay For It
Delaying retirement has become common for many Americans, either because they saved too little, or they just want to continue working because they enjoy it. Others go in the opposite direction. They retire early — sometimes out of choice but often because their health or the economy forces it. While early retirement might sound appealing, it can
VIEWPOINT: IRS Issues Guidance on Implementing ARPA COBRA Subsidy
On May 18, 2021, the Internal Revenue Service (IRS) issued notice 2021-31 (Notice) which provides additional guidance and clarifications concerning the new COBRA premium assistance provisions enacted under the American Rescue Plan Act of 2021 (ARPA). Under ARPA, employers are required to provide temporary 100-percent COBRA premium subsidies for certain eligible individuals who elect continuation coverage that
VIEWPOINT: Governor Signs Law Waiving Evaluation Requirements for 2020-21 School Year
On June 7, 2021, Gov. Andrew Cuomo signed into law a bill that amends the tenure process for probationary teachers and principals to account for changes necessary to the normal procedure due to the COVID-19 pandemic regarding annual professional performance reviews (APPRs) for the 2020-21 school year. This bill would allow teachers and principals who were appointed
VIEWPOINT: Dear Rusty: When Is the Best Time to Claim Social Security?
Dear Rusty: I am now turning 64, and I’d like to know the best time to claim Social Security. Signed: Anxious to Retire Dear Anxious: First, please understand that there is no one “best time” to claim your Social Security benefit, because when you should claim depends upon several factors. These include your current health,
VIEWPOINT: The Art of Compliance: Doing What’s Right, Not Just What’s Required
The rest of society got a taste of what corporate compliance officers go through when the COVID pandemic forced restrictions and requirements on the entire population. Suddenly, people were told to wear masks, social distance, and wash their hands more regularly and thoroughly than ever before. Plenty of people didn’t like that, trying to dodge the new
CEO FOCUS: Help is Here for Firms Seeking State Pandemic Small Business Recovery Grants
We have heard directly from so many businesses, about the multitude of challenges they face, having been hit hard by the pandemic, including gaps in critical grant funding. [On June 3], along with New York State Assemblyman Al Stirpe, and the South Side Innovation Center, we announced opportunities are available for assisting companies in accessing the state’s
VIEWPOINT: Including More Voices in Decisions May Bring Discomfort & Results
When companies struggle, whether because of a bad economy, poor decisions, or other factors, top management’s reaction is often to become tight-lipped about the turbulent situation. Employees are shut out from strategy discussions, and any ideas they might have for fixing the problem go unheard. But in many if not most cases, such secretiveness is the wrong
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