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Law, Accounting & Taxes
Medical-device firms prepare for new tax
Sound bites erupted with such force after the Supreme Court’s decision on the national health-care reform law that it might have been easy to overlook a new challenge for a local industry. The law includes a 2.3 percent tax on the sale price of medical devices as part of its funding stream. Economic developers have […]
Fiesta Restaurant Group earnings rise 8 percent in Q2
SYRACUSE — Fiesta Restaurant Group, Inc. boosted profit by 8 percent in the second quarter, even as the company completed a long-planned spinoff from its
Mackenzie Hughes creates Employment and Public Sector Law Group
SYRACUSE — Mackenzie Hughes LLP has formed a new practice group that will cater to clients’ growing businesses. The group, dubbed the Employment and Public
Carrols’ continuing operations post loss in Q2
SYRACUSE — Carrols Restaurant Group, Inc.’s continuing operations lost $918,000 in the second quarter of 2012, a period in which the company spun off its
Broome County uncovers flood-aid fraud
BINGHAMTON — An investigation started in January revealed $254,508 in flood-aid related fraud in Broome County, according to Broome County Executive Debbie Preston. State law
Greek Peak files for bankruptcy protection
VIRGIL — Greek Peak Mountain Resort is seeking Chapter 11 bankruptcy protection as it continues its search for a lender to replace the shuttered Tennessee
Regulatory action on Beacon Federal has no effect on acquisition
SYRACUSE — A report from a federal regulator of unsafe banking practices at Beacon Federal has no effect on its pending acquisition by Berkshire Hills Bancorp, Inc. (NASDAQ: BHLB), according to both banks. DeWitt–based Beacon Federal and the federal Office of the Comptroller of the Currency (OCC) signed an agreement earlier this month outlining the
Health foundation gives grants to CNY, Southern Tier, Mohawk Valley in 2012
Five organizations in Central New York, the Southern Tier, and the Mohawk Valley took home grants from the Health Foundation for Western and Central New
Comptroller: Income tax collections trailed off in May and June
Lower than projected income tax collections in May and June caused New York State Comptroller Thomas DiNapoli to voice concern about the economy and state
Regulator finds ‘unsafe’ practices at Beacon Federal
SYRACUSE — The federal Office of the Comptroller of the Currency (OCC) found unsafe banking practices related to asset quality and risk management at DeWitt–based
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