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Utica First Insurance to formally open new addition on Friday
ORISKANY, N.Y. — Utica First Insurance Co. will hold a ribbon-cutting ceremony on Friday, April 8, at noon, to formally mark the opening of the
MVP Health Care posts $42 million in net income in 2015
SCHENECTADY, N.Y. — MVP Health Care reported net income of more than $42 million in 2015, an improvement from its operating loss of more than
PAR Technology CEO comments on recent firing of company CFO
NEW HARTFORD, N.Y. — PAR Technology Corp.’s CEO says she is “confident” that the company’s former CFO was “acting alone” in making unauthorized investments, before
BDS merger with Utica firm spurs revenue growth
DeWITT — Benefit Design Services (BDS) Corp. generated nearly 15 percent more revenue in 2015 than in the previous year following a merger that it finalized in January of last year. BDS merged with L.A. Stewart Associates, a retirement-plan administration firm in Utica, following talks that started in 2014, says Kishan Perera, a partner in
Human-Resources Audits Prove to be an Effective Risk-Management Tool
One of the largest investments an organization makes is in its employees. As companies grow and evolve, often human-resources policies and procedures lag behind and are a last area of concern. Experience has repeatedly shown that the most progressive employers do not wait for an unanticipated employee situation, when it may be too late, to
Bonadio Group’s 2015 hiring spree began with Syracuse acquisition
The Rochester–based Bonadio Group’s acquisition of Syracuse accounting firm Testone, Marshall & Discenza (TMD), which took effect Jan. 1, 2015, started what Bonadio says was a “record” year of hiring. The Bonadio Group added 183 new employees in 2015, including 52 recent college graduates. The TMD acquisition resulted in 79 of the 131 experienced employees
How Safe is Your Employees’ Personal Information?
Employers must take immediate action The IRS issued an alert on March 1 to payroll and HR professionals about new phishing scheme involving W-2 information. Employers need to take immediate steps to confirm the security of their employees’ personal information. The alert describes a scheme that has already claimed several victims. Payroll and human-resources officers have
Chemung Financial appoints CPA firm partner to board of directors
ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG) announced that it has appointed Kevin B. Tully, of Saratoga Springs, to the boards of directors of Chemung Financial and its main subsidiary Chemung Canal Trust Company. Tully is a licensed certified public accountant (or CPA) and a partner in the firm of Teal, Becker & Chiaramonte, a
Schneiderman alerts consumers about phony government collection scams
New York Attorney General Eric Schneiderman recently issued a consumer alert about “imposter” phone scams. The callers pose as representatives from the attorney general’s office, IRS, or as court officers, according to a news release from Schneiderman’s office. The scammers commonly target senior citizens, students, and first-generation Americans. Consumers should not respond to these calls or
Using Tax-Exempt Financing to Help Attract Foreign-Direct Investment
If you are a manufacturer, bank, or economic-development organization (EDO), you need to know about Section 144 of the IRS Tax code: https://www.irs.gov/Tax-Exempt-Bonds/Section-144-Small-Issue-Bond-Defined-10000000-Limit-Manufacturing-Facility. This government-sponsored program is meant to help stimulate public and private investment from abroad and here locally. Manufacturers, assisted living, multi-unit, waste management, and other for-profit entities can take advantage of this
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