Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Addressing key questions about the Nonprofit Revitalization Act
The state’s Nonprofit Revitalization Act (NPRA) took effect July 1, 2014. Nonprofit organizations throughout New York have invested a significant amount of board, management, legal, and financial effort in complying with requirements of this extensive reform legislation. Two of the primary focus areas for both reform and increased board governance regard conflicts of interest and […]
What others dream about, WISE women do. On April 21, the women Igniting the Spirit of Entrepreneurship (WISE) Symposium hosted its 13th annual event. More than 900 aspiring entrepreneurs who desire to attain success and significance attended the event at the Carrier Dome on the Syracuse University campus. Over the past decade, WISE has
Key role for board, audit committee members: Ask smart questions
As an auditor, I’m asked a wide variety of questions, and I welcome those inquiries from my clients. As in any productive relationship, communication with your auditor is not only helpful, but also the cornerstone of working together effectively. Certain communications are required, and should be proactively addressed by your auditor. Top topics of
Cost-Benefit Analysis for Financial Planning
Many investors ask about the cost-benefit analysis of financial planning. Fee-only advisors can claim their compensation is straightforward and easy to understand. In contrast, commission-based advisors, due to their complex billing, are hard pressed to provide you with your true costs. Thus, you may already be paying more than you realize. Many financial professionals
Avoiding a Government Head Fake on Retirement Savings
Retirees should reconsider strategies on IRA, 401(k) withdrawals A government rule on retirement savings may be tricking retirees into looking at their financial situations all wrong. The rule says retirees can’t leave money in their IRA or 401(k) accounts forever. At age 70½, they must begin making minimum withdrawals, even if they prefer
Tax refund burning a hole in your pocket? Five ways to use it wisely
Ideally, your tax refund shouldn’t be at a level that makes you want to do a touchdown dance. Large refunds mean the government is getting an interest-free loan from you during the year. Sure, it’s nice to get a lump sum of cash to do something with, especially something fun. Wouldn’t it be better, though,
The Right Way to Communicate through Business Transitions
Business transitions, such as mergers and acquisitions, aren’t just multi-billion dollar transactions for the top Fortune 100 companies. Many mid- and small-sized businesses are pursuing strategic opportunities to join forces with similar or complementary organizations. It might be something your company is considering, especially as you plan for the next generation of leadership. If
Giving Back Builds Your Community and Your Company
The season of giving is not just during the holidays. While we tend to be generous during that time, companies should also think about giving back to their community throughout the year. In the same way that giving gifts is good for our personal well-being, corporate giving is good for business. Businesses that engage
ExportNY helps companies tap international markets
The International Trade Administration recently reported U.S. export statistics for 2013. According to the state export fact sheet, the metro areas of Syracuse and Utica–Rome were responsible for more than $2.5 billion in merchandise exports. New York’s top-five export markets were Canada, Switzerland, Hong Kong, Israel, and China. Of the 41,000 exporting companies from New
The Top 10 Employee-Handbook Mistakes that Businesses Make
Done right, employee handbooks serve multiple functions. They provide employees with important information about a company, its practices, and the working environment. They also help protect employers legally by setting clear expectations and standards. But, done wrong, employee handbooks can do more harm than good. Policies that are too specific and rigid can potentially
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.