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Law, Accounting & Taxes
Smith Sovik law firm opens Buffalo office
SYRACUSE, N.Y. — The Syracuse–based law firm of Smith Sovik Kendrick & Sugnet, P.C., which focuses on civil litigation, has opened a new office in the Buffalo market. The office, located in a two-office suite at 651 Delaware Ave. in downtown Buffalo, enables the firm to “further expand” its client base into Western New York […]
U.S. Health-Care Costs versus Health Outcomes
Dr. Michael Kirsch, a practicing physician and newspaper columnist, has lamented that he has difficulty answering questions about the economics of health care. One of his questions strikes at the heart of the justification for Obamacare: “Why is our per-capita health care cost so much higher than other nations that demonstrate superior health outcomes?” Implicit
John G. Ullman: Financial-Planning Pioneer
CORNING — Flash back to 1978. The financial landscape was clearly delineated. Bankers collected deposits and made loans, insurance companies sold property and life policies, accountants conducted audits and filed tax returns, stockbrokers bought and sold securities and bonds, and attorneys created trusts to preserve accumulated wealth. Someone seeking financial planning had to assemble a
AP Professionals joins CNY staffing marketplace
SALINA — AP Professionals, a Rochester–based staffing firm, is now into its fourth full month of operation at the Central New York office it opened in late May. The firm specializes in placing accounting, finance, human resources, and administrative professionals on both a direct hire and contract basis. AP Professionals on May 29 announced it
Bailey Place Insurance to expand with Lansing office
LANSING — The Cortland–based Bailey Place Insurance agency is about to open an office in Lansing, which would represent its second location in Tompkins County and third overall. The company already operates an office in Dryden. Bailey Place Insurance will open its third location on Sept. 15 at 2428 North Triphammer Road, at the intersection
Voya Financial offering accident, disease insurance in New York
Voya Financial, Inc. (NYSE: VOYA), formerly ING U.S., on Aug. 20 announced that its employee-benefits business is offering the company’s Compass-branded accident insurance and specified-disease insurance (also known as critical-illness insurance) options to customers in New York state. Compass products are now available in all 50 states as well as Washington, D.C., the firm said
Affordable Care Act Taxes & Fees: What Employers Need to Know for 2015
Since the Affordable Care Act (ACA) was passed into law in 2010, employers who offer employee health benefits have absorbed additional costs to provide quality health-care coverage to their employees. These costs have taken the form of expanded eligibility for adult dependents, routine and preventive services covered at no member cost share for non-grandfathered plans,
How satisfied are your employees?
Of course, most of us have probably heard the legendary song “(I can’t get no) Satisfaction” by The Rolling Stones many times. Unfortunately, the words are also a feeling shared by many people these days. All you have to do is check your Facebook newsfeed or Twitter account to find people who “can’t get no
Guidance on Taxes and Employee Benefits in the Year since the U.S. v. Windsor
In June 2013, Section 3 of the Defense of Marriage Act (DOMA) was ruled unconstitutional by the U.S. Supreme Court in United States v. Windsor. In particular, Section 3 of DOMA defined marriage for the purposes of federal law as being between one man and one woman, therefore, legally married same-sex couples were not considered
Beware of Hidden Dangers in Inadequate Indemnifications
Amy manufactures miniature springs. Brad wants to buy those springs to install in plastic frogs he sells to a burger chain as kids’ meal prizes. Brad knows that if a spring in one of his frogs malfunctions and injures someone, he’ll be sued. So, he insists that the contract with Amy include both an indemnification
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