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Law, Accounting & Taxes
Every Business Owner Should Start a 401(k) plan
In President Obama’s new budget proposal, he suggested taxing the historically pretax 401(k) contributions of about half a million people. Some business owners are reticent to start defined-contribution plans for their employees because of this proposal. But the president’s hope to restrict the plans should actually make owners more interested in creating one. Obama’s suggested […]
Complying with the Nonprofit Revitalization Act’s rules
New York Governor Andrew Cuomo signed the Nonprofit Revitalization Act of 2013 last December. Even though the law represented the first major revisions to New York Not-For-Profit Corporation law in over 40 years, all I could say was, “Here we go again!” — with all due respect to Ronald Reagan who first made that phrase
First Niagara launches private insurance exchange
BUFFALO — First Niagara Benefits Consulting (FNBC), a division of First Niagara Risk Management, Inc., today announced its launch of a private insurance exchange. FNBC
Chemung Financial board adds new directors
ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG) announced it has added G. Thomas Tranter, Jr., of Horseheads, and Thomas R. Tyrrell, of Loudonville, to the
California firm acquires Salina’s Polaris Library Systems
SALINA — Polaris Library Systems, a Salina–based provider of automation software for public libraries, is under new ownership. Emeryville, Calif.–based Innovative Interfaces, Inc., a firm
Pathfinder Bank board of directors adds Gagas
OSWEGO — Adam C. Gagas has been elected to the board of directors of Pathfinder Bank. Gagas is founder and CEO of Breakwall Asset Management,
Oneida Financial pays quarterly dividend of 12 cents a share
ONEIDA — Oneida Financial Corp. (NASDAQ: ONFC) has declared a quarterly cash dividend of 12 cents a share on its common stock. The dividend is
NY Attorney General sues FedEx over untaxed cigarettes
New York Attorney General Eric Schneiderman today announced his office has filed a $70 million lawsuit against Federal Express (FedEx) Corp. (NYSE: FDX) for “unlawfully”
First Niagara names Saffire EVP of commercial financial services
BUFFALO — First Niagara Financial Group (Nasdaq: FNFG) has appointed Joseph Saffire to serve as executive vice president (EVP) of commercial financial services. Saffire brings
Harris Beach launches collegiate-sports practice group
Harris Beach PLLC, a Rochester–based law firm with an office in Syracuse, has introduced a national collegiate-sports practice group. The USA collegiate-sports practice group provides a range of legal services related to the compliance and operational issues of running a college-athletics program. The nine attorneys involved have worked on these matters previously, says Brian Mahoney,
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