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Law, Accounting & Taxes

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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New leaders from CNY take helm of area NYSSCPA chapters

The New York State Society of CPAs (http://www.nysscpa.org/) recently announced the names of its 15 newly installed chapter presidents. The presidents for the Southern Tier, Syracuse, and Utica regions are listed below. The presidents’ one-year terms of service began June 1. SOUTHERN TIER CHAPTER(The chapter encompasses the following counties: Broome, Chenango, Delaware, Otsego, Tioga) Kristi

Ascent Wealth Partners expands into Southern Tier with Elmira office

ELMIRA — Utica–based Ascent Wealth Partners has expanded into the Southern Tier region with a new employee and new office in Elmira. The firm has hired Douglas Bissonette as a managing director to head up a 500-square-foot leased office at 250 E. Water St., located near the Chemung River in downtown Elmira. Bissonette will focus

CenterState CEO, Preservation League call for saving federal historic tax credit

SYRACUSE — CenterState CEO is joining the Preservation League of New York State in pushing Congress to renew and enhance the federal historic tax credit, which some lawmakers have targeted for elimination. The credit, which economic developers see as a tool in revitalization projects, is “at risk of elimination” as part of an effort to

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