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New York manufacturing index turns slightly positive again in February
The Empire State Manufacturing Survey general business-conditions index moved back into positive territory in February to 3.1. The index — the monthly gauge on New York’s manufacturing sector — had plummeted in January to -0.7, ending 18 months of positive readings including the 31.9 index number in December. The February reading — based on firms […]
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The Empire State Manufacturing Survey general business-conditions index moved back into positive territory in February to 3.1.
The index — the monthly gauge on New York’s manufacturing sector — had plummeted in January to -0.7, ending 18 months of positive readings including the 31.9 index number in December.
The February reading — based on firms responding to the survey — indicates business activity “was little changed” in New York,” the Federal Reserve Bank of New York said in its Feb. 15 survey report.
A positive index number indicates expansion or growth in manufacturing activity, while a negative reading points to a decline in the state’s manufacturing sector.
The Empire State Survey found 34 percent of respondents reported that conditions had improved over the month, while 30 percent said that conditions had worsened, the New York Fed said.
Economists were expecting a stronger business bounce back to a reading of 10 for the general business-conditions index, according to a survey by The Wall Street Journal.
Survey details
The new-orders index came in at 1.4, and the shipments-index reading was 2.9, signaling little change in orders and shipments over the month, the New York Fed said.
The unfilled-orders index came in at 14.4. The delivery-times index was unchanged at 21.6, suggesting that delivery times “continued to lengthen significantly,” and inventories increased modestly.
The index for number of employees climbed 7 points to 23.1, indicating “solid gains” in employment levels, and the average-workweek index held steady at 10.9.
The prices-paid index was little changed at 76.6, while the prices-received index rose a steep 17 points to a record high of 54.1, signaling “ongoing substantial increases” in both input prices and selling prices, per the New York Fed.
Firms were generally optimistic about the six-month outlook, but optimism waned.
The index for future business conditions fell 7 points to 28.2, its lowest level since the early stages of the pandemic. Longer delivery times, higher prices, and increases in employment are all expected in the months ahead, the New York Fed said.
The capital-expenditures index remained near a multi-year high, suggesting that firms plan “significant increases” in capital spending.
The New York Fed distributes the Empire State Manufacturing Survey on the first day of each month to the same pool of about 200 manufacturing executives in New York. On average, about 100 executives return responses.
Universal Bookkeeper plans move to new office
UTICA, N.Y. — What started out as a hobby in 2015 for Justin Miller has since grown into a full-fledged business with a staff of five and a new location coming later this year. Miller was working as the CFO of Hospice & Palliative Care in New Hartford at the time but started providing accounting
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UTICA, N.Y. — What started out as a hobby in 2015 for Justin Miller has since grown into a full-fledged business with a staff of five and a new location coming later this year.
Miller was working as the CFO of Hospice & Palliative Care in New Hartford at the time but started providing accounting services on the side to one business. Then he added a few more businesses, working on their accounting needs during nights and weekends. Before he knew it, he and his wife Beth, who previously worked as an accountant at Defense Finance and Accounting Service in Rome, were working every night on this “hobby” and knew they had a decision to make.
The pair decided to turn the hobby into a business and opened Universal Bookkeeper, Inc. first office in Mohawk Valley Community College’s thINCubator shared workspace in Utica. The space was ideal for Universal, which offers all its services remotely as well as in-person. Those services include accounting and bookkeeping, outsourced CFO services, consulting, tax preparation, and do-it-yourself payroll with Gusto Payroll software for small businesses.
Working in that space proved to be immensely helpful for a business just starting out, Beth Miller, Universal Bookkeeper’s COO, says. “The [incubator] helped us transfer our hobby into a finalized business plan,” she notes.
The Millers were the sole employees of the business for the first six months, before hiring their first employee at the beginning of 2018.
“Obviously, we were growing and ready to look for a bigger space,” Beth Miller says. Universal Bookkeeper spent about a year in the thINCubator before moving to 421 Broad St. in Utica.
By 2019, Universal Bookkeeper added two more employees and continued growing its roster of clients. The business currently operates from 2,800 square feet of leased space that includes a reception area, three offices, and a large conference room.
Since the company already primarily functioned remotely, the COVID-19 pandemic did not derail its growth. In fact, Universal Bookkeeper was able to offer even more robust services to clients by researching all the assistance out there such as paycheck-protection loans and other small-business benefits.
“We tried to step up to help our small-business owners,” Beth Miller says. “We did the research and helped them apply for these things,” referring to various government-assistance packages that were made available to small businesses.
With plans to continue growing at a “good click,” as the pandemic eases, it made sense to look for a space that will accommodate future growth, CEO Justin Miller says.
That led to the purchase of the 14 Genesee St. property in New Hartford at the end of 2021. The Millers worked with Bradley & Bradley Real Estate in Barneveld, and it took about six months to find the perfect site. Oneida County property records show Universal Bookkeeper purchased the building for $250,000 from the trust of John and Arlene Capraro. The building previously housed a hairdresser and a screen-printing business but was empty at the time of sale.
“We are basically gutting it down to the studs,” Justin Miller says. Their vision is an extremely modern office space with an open concept and lots of glass. “A space employees want to be at,” Beth Miller adds.
The Millers expect Universal Bookkeeping will move to the new space sometime this summer. The lease on their existing space ends in August. While the new space is smaller at 2,000 square feet, it’s being designed to suit the Millers’ needs. “It’s our right size,” Justin Miller notes. They are working with roi Office Interiors of Rome to design and furnish the space. The Millers declined to disclose renovation costs.
The space still allows the company room to grow, Justin Miller says, and they are hoping to attract new “top talent” employees to the firm where everyone is a certified pro advisor for QuickBooks. He estimates the space can accommodate up to eight employees, giving the business space to add three more people. The building also has eight parking spots in a lot in the rear and ample street parking for clients that prefer to meet face-to-face.
While the business’s downtown Utica location has been great, Justin Miller is excited about new prospects at the new site in New Hartford. “It’s an opportunity for us to attract and market to a different clientele,” he says.
Universal Bookkeeper (www.universalbookkeeper.com) currently works with 55 monthly recurring clients, about 400 business and personal tax clients, and provides outsourced CFO services to four hospice organizations around the state.
The Millers expect that client growth will come organically as current client businesses grow along with the addition of new clients. Current Universal Bookkeeper clients include The Balanced Chef, Center for Leadership Excellence, Nail Creek Pub & Brewery, Mohawk Valley Wellness, McGrogan Design, and Passalacqua & Associates law firm.
Bonadio Group rebrands advisory practice as Bonadio Advisory
ROCHESTER, N.Y. — The Bonadio Group says it has rebranded its consulting and advisory practices as Bonadio Advisory to better help clients with improving operational performance, mitigating risk, and “achieving their business goals.” Bonadio Advisory provides consulting services to public and private businesses, nonprofit agencies, health-care organizations, and government entities nationwide. “With businesses and organizations
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ROCHESTER, N.Y. — The Bonadio Group says it has rebranded its consulting and advisory practices as Bonadio Advisory to better help clients with improving operational performance, mitigating risk, and “achieving their business goals.”
Bonadio Advisory provides consulting services to public and private businesses, nonprofit agencies, health-care organizations, and government entities nationwide.
“With businesses and organizations facing increasingly complex demands in all facets of their operations, our purpose is to provide actionable insights and tailored strategies that help clients achieve their business objectives,” Michael Parrinello, partner and practice leader of Bonadio Advisory, said in a release. “We are continuing to invest in services and talent to provide our clients with access to top-tier consulting across numerous industries in New York State and beyond.”
Bonadio Strategic Advisory (BSA) — the strategy-consulting group within Bonadio Advisory — previously launched in 2020. This group includes experts who provide C-level executives with “focused insights” using advanced data analytics, operational assessments, and collaborative consulting with management and boards of governance. BSA’s tools and processes “drive profitability, increase efficiencies, mitigate risk and improve operational performance,” Bonadio contends.
BSA experts specialize in working toward both short and long-term business goals “through the design and deployment” of their management-consulting services.
“Organizations of all types strive to optimize their operations but don’t always know what steps to take to get there,” said Timothy Ball, executive VP and team leader of BSA. “Through our operational assessments and data analysis tools, we are able to project clients on a growth trajectory by driving growth, improving profitability, increasing efficiencies and mitigating risks, all critical elements in improving profitability.”
Gerald Archibald, who co-founded the Bonadio Group’s healthcare/tax-exempt practice, joined the BSA division. He brings more than 40 years of category experience to BSA’s health-care and tax-exempt clients, the firm said.
Bonadio Advisory also has additional consulting practices that include investment banking/transaction advisory, which provides expertise and services related to executing middle-market merger and acquisition transactions.
The practices also include business valuation and succession planning for individuals, estates and businesses; along with fraud and forensics, which helps clients discover, investigate, and prevent fraud.
They also include FoxPointe Solutions, which provides full-service cyber-risk management services; Compliance Solutions, which assesses compliance programs from HIPAA to corporate compliance; and Transportation Advisory Services, which has served more than 550 school-district clients in 22 states.
Founded in 1978, the Bonadio Group offers accounting, tax, and consulting services. Describing itself as the largest independent provider of accounting, tax, and consulting services in upstate New York, the Rochester–based firm has offices in Syracuse, Utica, Albany, Batavia, Buffalo, East Aurora, and New York City. The Bonadio Group also has offices in Rutland, Vermont, and in Dallas, Texas.
Sullivan joins Kelberman Center as CFO
UTICA, N.Y. — The Kelberman Center recently hired Wendy Sullivan as its new chief financial officer. Sullivan will facilitate and manage the implementation of the finance team for the Kelberman Center, directing financial activities, preparing reports, and developing policies and procedures related to the finance department. Sullivan has 27 years of experience in the accounting
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UTICA, N.Y. — The Kelberman Center recently hired Wendy Sullivan as its new chief financial officer.
Sullivan will facilitate and manage the implementation of the finance team for the Kelberman Center, directing financial activities, preparing reports, and developing policies and procedures related to the finance department.
Sullivan has 27 years of experience in the accounting field, including 10 years in the nonprofit environment. She will soon receive her Ph.D. in advanced accounting from North Central University and earned her master’s degree in forensic accounting from Jones International.
She also serves as an adjunct professor at Utica University and SUNY Polytechnic Institute, where she teaches accounting and finance.
The Kelberman Center provides autism services for children, adults, and families in the Mohawk Valley and across Central New York.
Green National settles code violations at Syracuse properties
SYRACUSE, N.Y. — Greenland Property Services, LLC, and its related entities (Green National), has agreed to address all its housing-code violations at its New York properties within 60 days. Under the agreement, Green National will pay a $300,000 penalty, of which all but $50,000 will be suspended if all terms of the agreement are fulfilled
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SYRACUSE, N.Y. — Greenland Property Services, LLC, and its related entities (Green National), has agreed to address all its housing-code violations at its New York properties within 60 days.
Under the agreement, Green National will pay a $300,000 penalty, of which all but $50,000 will be suspended if all terms of the agreement are fulfilled within 60 days, the office of New York Attorney General Letitia James said in a Feb. 22 news release. The other $50,000 will be paid, effective immediately, to the state, James’ office added.
Green National is a Skaneateles–based real-estate management company with several affordable-housing properties in Syracuse. Tim Green — attorney, former NFL player, standout football player at Syracuse University, and author — is partner in the company and his son, Troy Green, is the company’s CEO, per its website.
An investigation by James’ office confirmed evidence of unsanitary conditions, criminal activity, and repeated code violations at Green National’s Syracuse–area properties. Its properties include the Skyline Apartments, James Apartments, and Vincent Apartments.
James on Feb. 22 announced the agreement during a visit to her office at One Park Place at 300 South State St. in Syracuse. Several officials joined James for the announcement, including Syracuse Mayor Ben Walsh and Onondaga County Executive Ryan McMahon.
“Thousands of tenants have endured years of dirty and dangerous conditions and they’ve lived without hope. And that ends today,” James said to open her remarks. “I’m here to announce to thousands of tenants of Green National … that your nightmare is coming to an end.”
CNYBJ requested a comment or statement from Green National in response to the announced agreement, but as of press time, the firm hadn’t responded.
Under scrutiny
Green National has owned and managed more than 1,000 apartments in buildings throughout the Syracuse area.
The tenants in these buildings are mostly people who earn modest or fixed incomes, people with health challenges, people receiving aid from government programs, and the elderly, James’ office said.
The attorney general’s office started its investigation into Green National in March 2021 in response to reports of rampant crime, unsafe conditions, and unabated code violations at some of its Syracuse–area properties, “including but not limited to” the Skyline Apartments, the Vincent Apartments, and the James Apartments, per the attorney general’s office.
“We have used every tool in our tool kit to hold Green National accountable,” Syracuse Mayor Ben Walsh said in his remarks. “We’ve cited them through codes. We’ve sent the police there. We’ve sent the fire department there. We’ve sued them.”
Walsh went on to say that the City of Syracuse earlier that day declared the Skyline Apartments unfit for human occupation.
Katrina Weston, president of the Skyline Tenants Association, said she’s doesn’t know if the agreement will work but she’s “hopeful.”
“I do try to communicate. I do try to talk. You get more bees with honey. I do try to be nice and have this conversation and make them aware [because] they always say that we didn’t know. We’re not aware. Yeah, you do. You know,” Weston said in her remarks. “You don’t want to talk. You call people morons. You treat the tenants like crap.”
Agreement terms
Under the terms of the attorney general’s agreement, Green National must correct all the outstanding code violations within 60 days.
Under the pact, Green National said it “will address all of the outstanding violations and that any new violations … they will immediately correct,” James said. “They also understand that security is a major issue and so they will have security guards.”
At the Skyline Apartments, Green National must continue to abide by the terms of the City’s abatement order and maintain “no loitering” signs in conspicuous locations outside the building, proactively monitor all activity on the premises through full-time roving security patrols, secure all the residential doors, and employ a full-time, around-the-clock security employee at the front desk by the main entrance.
Green National must respond to all tenants’ requests for repairs and keep a written record.
Additionally, prior to the sale of any of its New York properties, Green National must either correct all open code violations or include in any contract of sale a provision that requires the new owners to fix outstanding code violations. Within 14 days of selling any of its properties, the company must notify the attorney general’s office of the sale. Additionally, if Green National purchases any additional property in New York within the next five years it must notify the attorney general’s office.
Bond, Schoeneck & King names Donohue COO
SYRACUSE, N.Y. — Bond, Schoeneck & King, PLLC recently appointed Bryan J. Donohue as its chief operating officer (COO), assuming administrative leadership of the 250-attorney law firm. Donohue comes to the Bond law firm from the Buffalo–based accounting firm of Freed Maxick, where he served as COO. In his new role at Bond, Schoeneck &
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SYRACUSE, N.Y. — Bond, Schoeneck & King, PLLC recently appointed Bryan J. Donohue as its chief operating officer (COO), assuming administrative leadership of the 250-attorney law firm.
Donohue comes to the Bond law firm from the Buffalo–based accounting firm of Freed Maxick, where he served as COO. In his new role at Bond, Schoeneck & King, he will work alongside firm management on strategic initiatives to continue the Syracuse–based law firm’s growth across its platform of offices and among its 35 practice areas and industry groups. Donohue will work from Bond’s Buffalo office.
“Bryan comes to us with proven leadership in professional services operations, with an emphasis on financial oversight. I look forward to him learning about Bond and helping us bolster our regional and national presence in numerous practice areas and support the recent expansion in our downstate offices of New York City and Westchester,” Kevin M. Bernstein, chair of Bond’s management committee, said in a release. “In addition to his financial background, his experience in IT, marketing, facilities and firm management will be integral to our continued growth.”
Prior to Freed Maxick, Donohue was senior VP and COO for the Buffalo News, working with its management team on long-term and strategic operating goals. Donohue received his bachelor’s degree in marketing and MBA in professional accounting from Canisius College. He is a member of the American Institute of Certified Public Accountants, the New York State Society of Certified Public Accountants, and Canisius College Council on Accountancy.
“I was first introduced to Bond 15 years ago when I was at the Buffalo News. Working with Bond’s attorneys as a client was a pleasure,” Donohue said in the release. “They took the time to learn about the business and provided strong legal and business advice and counsel. I am excited to be joining Bond to help in accomplishing the firm’s goals, and strategic initiatives.”
Bond, Schoeneck & King has nine offices across New York state, as well as locations in Naples, Florida, and Red Bank, New Jersey, plus the Boston and Kansas City areas.
MCV Law elects Nicoletti, Stringham as firm partners
Stringham has been an attorney with MCV Law since 2010, per the firm’s website blog. A graduate of Western New England College School of Law, he manages the workers’-compensation practice at MCV Law. Stringham also serves as secretary of the Injured Workers Bar Association of New York and is a member of the Syracuse Occupational
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Stringham has been an attorney with MCV Law since 2010, per the firm’s website blog. A graduate of Western New England College School of Law, he manages the workers’-compensation practice at MCV Law. Stringham also serves as secretary of the Injured Workers Bar Association of New York and is a member of the Syracuse Occupational Health Clinic Advisory Board.
Nicoletti, who received her bachelor’s degree from Ithaca College and law degree from the University at Buffalo Law School, has been with MCV Law since 2012. She previously served as co-manager of the workers’-compensation team and is now leading the personal-injury team. Nicoletti is also a member of the Injured Workers Bar Association.
Stringham and Nicoletti join William Crossett, Gary Valerino, and Kimberly Slimbaugh as partners of MCV Law, per the website blog.
MCV Law operates offices in Watertown and Chittenango, in addition to its main office in Syracuse.
Barclay Damon names Burch Syracuse office managing director
SYRACUSE, N.Y. — Barclay Damon LLP has elected David Burch to the law firm’s management committee as managing director of its Syracuse office, effective Jan. 1. He took over the role from Gabe Nugent. Burch formerly served as Barclay Damon’s hiring partner. The law firm said it has now divided the hiring-partner role into two
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SYRACUSE, N.Y. — Barclay Damon LLP has elected David Burch to the law firm’s management committee as managing director of its Syracuse office, effective Jan. 1. He took over the role from Gabe Nugent.
Burch formerly served as Barclay Damon’s hiring partner. The law firm said it has now divided the hiring-partner role into two new roles: hiring partner — laterals and co-summer associate partners.
Burch is an experienced litigator who routinely handles complex disputes, especially in commercial litigation, internal investigations, and white-collar defense, according to his profile on the Barclay Damon website. He has served as lead counsel in situations ranging from governmental investigations to multi-action matters with industry-wide import.
As an advocate for clients before regulators, in the courtroom, and those facing criminal accusations, Burch litigates in state, federal, and administrative courts and has handled many administrative tax hearings and appeals and Article 78 proceedings, as well as state and federal civil and criminal cases and private arbitrations. Burch has represented clients challenging decisions made by the U.S. Department of Transportation, the U.S. Department of Health & Human Services, the New York Attorney General, the New York State Public Service Commission, the NYS Department of Taxation & Finance, the state Department of Environmental Conservation, and the Department of Economic Development, as well as additional federal and state agencies.
Burch has experience representing businesses in energy-industry disputes and also handles criminal matters involving health-care fraud, federal and state tax issues, securities laws, environmental crimes, the federal False Claims Act and state analogues, and mail and wire fraud. He additionally conducts internal investigations and counsels companies on implementing and improving compliance plans.
Syracuse–based Barclay Damon also has offices in Buffalo, Rochester, Albany, New York City, Toronto, as well as two locations in New England and one in Washington, D.C. The law firm has almost 300 attorneys.
NONPROFIT MANAGEMENT: Tackling COVID Fatigue in Your Administrative, Back-Office Staff
If you have attempted to schedule an appointment for your car, been but running errands, or have even just been to the drive-thru lane of your favorite fast-food joint lately, you have experienced the impact of the state of the 2022 job market. The shortage of workers we are experiencing spans across a broad spectrum
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If you have attempted to schedule an appointment for your car, been but running errands, or have even just been to the drive-thru lane of your favorite fast-food joint lately, you have experienced the impact of the state of the 2022 job market. The shortage of workers we are experiencing spans across a broad spectrum of industries and organizations. Consequently, the customer experience is often slower and well, you just get less. We’ve all probably seen this when we interact with the front-line workers of businesses we know are understaffed. And you likely worry about the “customer experience” of your own organization’s customers as well.
The people who work in your back-office and administrative functions are feeling the effects of this, too. In these administrative roles, the stress is often less about the customer experience and more about managing through the competing deadlines and demands that are typically tracked only by each individual’s “to-do list.” To-do list items that aren’t finished today will be sitting there tomorrow. And the next day. And the day after that. Continuously being presented with additional and often uniquely challenging “to-do” items during this disruptive time elevates stress. You know it’s bad when one of the items people write on their to-do list is to re-organize their to-do list.
The cumulative effect of this is tired back-office and administrative personnel. We’re all tired. This is COVID fatigue, not in a medical sense, but in the sense of operating in a heightened state of stress through this now two-year period of uncertainty and change.
So how do you address this fatigue in your organization? Well, there’s no magic answer, but here are six practices that organizations are adopting, embracing, and using to find success.
1. Acknowledge the stress and people’s efforts related to it. Sounds simple, right? But truly acknowledging the stress level of your back-office personnel requires active listening and a degree of empathy that may not feel natural in conversations with professionals in accounting, human resources, information technology, and the like. Make the time to have a conversation with people in these functional areas of your organization about their overall situation rather than specific items on their to-do list. You likely have employees who “just get it done” and have reliably done so throughout this COVID disruption period, regardless of what challenges are thrown at them. Are you acknowledging those individuals’ efforts in a manner that confirms their contributions to the cause are not taken for granted? For employees who have struggled or are struggling, do you acknowledge their efforts and share words of encouragement in a meaningful way?
People often associate this acknowledgement process with some sort of monetary compensation element. However, many organizations are getting noteworthy value from the acknowledgement process without even spending money. The focus is taking the time to acknowledge the effort and make a connection.
2. Prioritize ruthlessly. You may have heard the term “ruthless prioritization” utilized by a variety of consultants and even celebrity business leaders, including Sheryl Sandberg. Don’t let the buzz-word factor of the term distract you. What does ruthless prioritization look like? One of its most-notable features is the idea that items will be removed from the to-do list rather than simply re-ordered on that list. Don’t prioritize just to decide what you are going to do next. Instead, think about what you shouldn’t be doing at all. It’s about prioritizing based on a real evaluation of the value of each task and removing items with less or no value.
This concept is easy to agree with in theory, but hard to execute. However, it is possible. I was recently talking to a CFO who had just cut her organization’s monthly reporting to the finance committee from a packet of nearly 70 pages down to closer to 15 pages, eliminating hours of work. She had initiated a conversation with the committee about the relative value of the old 70-page reporting package, which had evolved over many years. She brought to their attention all the organization’s accounting team could do with the time they typically spend every month putting all of it together. Fifty pages of reports and schedules are now eliminated from the to-do list.
3. Evolve to an interactive communication style. Many forward-thinking organizations have shifted their focus of communication. They conduct more “stay interviews,” which are similar to an exit interview, but for employees who are not leaving. We see fewer emails to all personnel, more small-group discussions, and fewer “all-staff” Zoom meetings set-up for senior management to talk and everyone else to listen. And there is more talk about why we do what we do, in the context of the organization’s mission and culture, and less focus on to-do list tasks.
At the start of the pandemic, communication was almost exclusively top-down. Your staff needed to know what was happening, what it meant for them, how the organization was reacting, and what they needed to do right now. Decisive top-down communication was necessary under those circumstances. Since then, many organizations have shifted to a more open and inclusive communication style that is focused on listening at least as much as it is on top-down communication.
4. Proactively respond to communication. Companies that have moved to a more interactive communication style obtain information about their workforce that they may not have had good data on before. This presents the opportunity to act on that information in response to your people’s input. The risk here is that you fail to act on people’s input, causing frustration among your people as a result. High-performing organizations plan for this and understand in advance that they need to be flexible enough to consider what they’ve learned and make changes that align with what their staff have indicated they want. To get the most value from this process, your people need to feel not just listened to but heard. They must feel their organization’s leadership cares enough to act on the feedback in some way, shape, or form.
This does not have to mean drastic or expensive action. For example, an organization heard from its employees that since they were working late more often (until after dark), they would appreciate better lighting in the parking lot, so the organization made lighting improvements. Another company’s employees expressed the desire for more frequent and meaningful performance feedback. As a result, the organization modified its performance-appraisal process to provide formal feedback to employees twice a year instead of only annually. Certainly, there is a cost to these things, but there is also a benefit in the form of improved morale, improved employee experience, and, hopefully, improved retention.
5. Overhire. Get into a mindset of continuous hiring for back-office personnel. Don’t wait until your controller gives notice of her resignation to think about hiring the next controller-level person. Instead, open your company to the practice of identifying and bringing in qualified people who can help move the organization forward all the time, not just when turnover happens. Many organizations are concluding that the fear they would hire one additional person and have nothing for that person to do is probably less scary than being routinely under-resourced and having essential tasks not getting done timely or at all.
Yes, this may mean you end up over-budget on payroll costs for some of these back-office functional areas for a time. In the long run, is that worse than essentially being continually understaffed due to turnover, absences, and the ever-growing demands of the current environment? Change the narrative from one focused on cost to one fixated on the value delivered by having adequately resourced support functions for your organization.
6. Outsource. The frequency with which organizations have outsourced administrative and back-office functions is accelerating significantly. An increasing number of not-for-profit organizations are finding that they can successfully outsource their entire accounting function, billing process, human resources, information technology, internal audit, fundraising, and/or other functions.
The cost-benefit evaluation of outsourcing versus handling these functions in-house has evolved to include specific considerations related to the cost of turnover, recruiting, training, orientation, and temporary fill-in resources while positions are vacant. Outsourcing for functions like accounting and information technology have taken hold more at smaller nonprofits, where they may have had a one- or two-person accounting department, and therefore one person’s departure had an incredible impact. But even larger organizations are taking a hard look at outsourcing as an option to increase the stability, consistency, and bench strength of key back-office functions.
One thing we hear almost universally is that organizations believe they can’t do things like they used to, and they don’t think things will ever go back to how they were in 2019. Whether or not these six trends fit your organization, keep an open mind to change how you interact with your back-office and support personnel and how those functions will be conducted going forward.
Bettina Lipphardt is a partner and the team leader in The Bonadio Group’s Healthcare/Tax-Exempt Syracuse/Utica Division. She provides consulting and auditing services for a variety of tax-exempt clients. Contact her at blipphardt@bonadio.com
Local sales-tax collections rose 19 percent statewide in 2021
ALBANY, N.Y. — Local-government sales-tax collections rose 19 percent to $19.6 billion in 2021 from $16.5 billion in the prior year. That’s according to a report that New York State Comptroller Thomas DiNapoli released Feb. 9. The growth in collections represented the “highest annual increase on record after a historic low in 2020” when local
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ALBANY, N.Y. — Local-government sales-tax collections rose 19 percent to $19.6 billion in 2021 from $16.5 billion in the prior year.
That’s according to a report that New York State Comptroller Thomas DiNapoli released Feb. 9.
The growth in collections represented the “highest annual increase on record after a historic low in 2020” when local sales-tax collections declined 10 percent, DiNapoli’s office said. That followed 4.7 percent growth in 2019.
“The pandemic substantially changed consumer spending for goods and services and from brick and mortar to online,” the comptroller said. “While local sales-tax collections were robust in 2021 as the economy rebounded from the pandemic, some of that growth is attributed to inflation, which was the highest it has been in over 30 years. If inflation remains high, consumer spending on many taxable goods could decrease due to the rising cost of basic staples.”
After a decline of 3.9 percent statewide in the first quarter of 2021, local sales-tax collections grew nearly 50 percent in the second quarter and “remained strong” for the rest of the year, with 20 percent growth in the third quarter and an 18.7 percent gain in the fourth quarter.
New York City’s collections did not rebound to 2019 levels until the fourth quarter of 2021, well behind the rest of the state, which recovered to pre-pandemic levels by the third quarter of 2020.
New York City’s collections did grow faster than the rest of the state in the third quarter (27.9 percent) and fourth quarter (26.3 percent) of 2021 when compared to 2020. In comparison, sales-tax collections rose 14.2 percent and 12.8 percent, respectively, in those quarters for communities outside of New York City in 2021 in contrast to 2020.
Nearly every county in the Empire State posted double-digit growth in 2021, with more than one-third of them exceeding 20 percent. Sullivan County generated the highest growth at 31.5 percent, followed by Orange County (25.5 percent) and Schuyler County (22.9 percent).
Only Oswego County had growth below 10 percent in 2021, DiNapoli’s office said.
Of the cities that impose their own sales tax (not including New York City), Saratoga Springs had the strongest year-over-year increase of 32.5 percent, followed by Norwich (27.8 percent) and Ithaca (23.4 percent).
The report also examines the pandemic’s impact on consumer spending in the state. The taxable sales for many key sectors, including retail trade and manufacturing, appear to have returned to pre-pandemic levels, but some rebounded faster than others, and the recovery in New York City has been different than the rest of the state, DiNapoli’s office said.
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