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VIEWPOINT: Efficacy of grantor trusts under proposed tax law
Focusing on provisions that affect estate-planning strategies In September 2021, the U.S. House says and Means Committee released draft legislation intended to raise revenue to fund the proposed trillion-dollar budget-reconciliation bill (originally proposed at $3.5 trillion, but now set to be scaled down). Included in the draft legislation are numerous proposals that would affect both personal and […]
SMALL BUSINESS SPOTLIGHT: Quilts By Commission: From Home-Based Business to So Much More
AUBURN — Up until now, Stephanie McCall — owner of Quilts By Commission, LLC of Auburn — has created custom quilts as a one-woman show. However, COVID shutdowns made her re-imagine her customers’ experience. While the part of McCall’s business that required in-person consultations suffered early in the pandemic, she was able to adapt by
MUSIC & LEADERSHIP: McCarthy Tracy draws on musical background to lead family business
Maureen McCarthy Tracy provides an excellent example of this phenomenon. As the VP of community and connections at Northland Communications, she draws on her musical background every day to successfully lead her family’s company. McCarthy Tracy’s musical background is quite literal. When Maureen and her team began working remotely in March 2020, she set up
VIEWPOINT: Mobile sports betting in N.Y. could open other gaming avenues
As the football season rolls on and we look forward to Super Bowl LVI, there is soon to be one new element in New York state that has never existed before, legally. A law that was recently passed with hope to be in effect ahead of the big game, has New York State placing its own wager
CEO FOCUS: First 5G Test Network Coming to NUAIR’s 50-mile Drone Corridor
Gov. Kathy Hochul, along with NUAIR and the MITRE Engenuity Open Generation 5G Consortium, recently announced the region’s 50-mile unmanned aircraft systems (UAS) corridor between Syracuse and Rome has been selected to launch the nation’s first 5G UAS testing range. This designation greatly enhances our region’s position as a global leader in the unmanned-systems industry as it
VIEWPOINT: 3 Steps to Protecting Your Data from a Ransomware Attack
As businesses continue to digitally transform, they increase their risk of cyberthreats. In fact, many organizations are being exploited by the technology they are using to simplify their workflows. From cloud software to e-commerce environments, risks are around every corner. The moment a company begins storing its data on a server, its security is in danger. On
VIEWPOINT: Answering FAQs about NY Hero Act Compliance
New York employers are presently “activating” their HERO Act plans, after the New York State Department of Health (DOH) officially designated COVID-19 as a “highly contagious communicable disease that poses risk to the public health.” We have developed these FAQs to answer the urgent questions of our clients and Bond friends. New York recently issued additional
VIEWPOINT: Ask Rusty: Will Retiring Early from Work Affect my Social Security?
Dear Rusty: I stopped working at age 55, well before my full retirement age of 66 years and 10 months. I had more than 35 years working prior to retiring from work. I don’t intend to start collecting Social Security until my full retirement age. Will I be penalized for all those years between when
VIEWPOINT: What the NYS Eviction Moratorium Extension Means For Landlords
Since former New York Gov. Andrew Cuomo signed the initial New York eviction moratorium on March 20, 2021, landlords in New York state have received little to no assistance from the state government. Landlords, many of whom rely on their income-producing properties to pay their own mortgage, have been saddled with tenants who are more than 18
VIEWPOINT: How Resiliency & Reconnection Drive Our Community Forward
There has been a lot written about how the past 18 months have been like nothing we’ve experienced efore, and while we hope that we never have to experience anything like the coronavirus pandemic again, it’s remarkable to think about all that we achieved by working together. Every member of our community has played a critical role
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