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Law, Accounting & Taxes
Rehabilitation commercial tax credit spurs 150 area projects since 2011
Project managers have sought the use of New York’s rehabilitation commercial tax credit in 150 projects in four upstate New York regions since 2011. That includes 43 projects that cost more than $401 million in Central New York, 21 projects costing nearly $49 million in the Mohawk Valley, 38 projects costing more than $121 million in the […]
Accounting firm renamed after co-owner’s retirement
Former Port & Company is now Ranucci, Dalton & Schenk, CPAs, P.C. DeWITT, N.Y. — The firm formerly known as Port & Company, CPAs is now operating as Ranucci, Dalton & Schenk, CPAs, P.C., a change that became effective Jan. 1. Ranucci, Dalton & Schenk, CPAs — which operates at 5730 Commons Park
State tax revenues run nearly $2 billion below last fiscal year
tate operating funds spending through the first 10 months of the fiscal year totaled $69.8 billion, which was $9.9 billion, or 12.4 percent, lower than last year. The lower figure is “largely due” to higher federal reimbursement for Medicaid spending, as well as the withholding of certain payments. As of Jan. 31, the general fund
VIEWPOINT: What Employers Should Know About Minority Unions
Lessons from Google It is no secret that private-sector union membership has dramatically decreased over the past several decades. This reality has forced labor organizers to get creative with their efforts. Perhaps this is one reason why stories of a union presence at tech industry giant, Google, have recently gained so much attention. Reports of a “minority
Katko helps push bill to protect pregnant workers from workplace discrimination
The Pregnant Workers Fairness Act as a proposed law that would protect pregnant employees from workplace discrimination. U.S. Representative John Katko (R–Camillus) on Feb. 18 announced the reintroduction of the bill along with U.S. Reps. Jerrold Nadler (D–NY), Lucy McBath (D–Georgia), Jaime Herrera Beutler (R–Washington), and Bobby Scott (D–Virginia). The Pregnant Workers Fairness Act would address legal
VIEWPOINT: 3 ways today’s health-care CFO is no longer a traditional CFO
Though health-care chief financial officers (CFOs) still occupy a traditional role in many organizations, the role has significantly expanded in recent years. No longer can a CFO of a major health-care system simply focus on cash flow, financial planning, and balancing the books. Today, the role must be more strategic and visible — both inside and outside
VIEWPOINT: What’s Next for Qualified Opportunity Zones?
During these times of unprecedented uncertainty, many Americans believe that President Joe Biden’s administration will introduce sweeping changes to our country’s tax code. After all, every president since Bill Clinton has signed into law a new tax bill within 12 months of the beginning of their first term. One area that many taxpayers and practitioners alike are
Schumer to include restaurant-relief fund in the proposed federal COVID-relief bill
CAMILLUS, N.Y. — U.S. Senate Majority Leader Charles Schumer (D–N.Y.) on Monday said he plans to include a restaurant-relief fund in the proposed $1.9 trillion
Syracuse man arrested after attempted robbery of Dunkin’ Donuts in Onondaga
ONONDAGA, N.Y. — The Onondaga County Sheriff’s Office announced Friday that it charged a Syracuse man with attempted robbery of the Dunkin’ Donuts location that
New York state bars, restaurants can stay open until 11 p.m., starting Sunday
ALBANY, N.Y. — Closing times for restaurants and bars will be extended from 10 p.m. to 11 p.m. statewide, beginning this Sunday. Gov. Andrew Cuomo
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