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Law, Accounting & Taxes

Onondaga County audit finds more than $420K in unpaid room-occupancy taxes

The office of Onondaga County Comptroller Martin Masterpole performed the audit. The report covered 50 hotels and motels for the period 2019 through 2022, per the Feb. 9 announcement. The Office of the Comptroller examined tax returns totaling $9.1 million in room-occupancy tax (ROT), based on $173 million of reported gross revenue. Audited property management […]

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VIEWPOINT: Retirement Planning has Changed Again with SECURE Act 2.0

In 2019, Congress passed and President Donald Trump signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The intent of this law was to improve the way businesses provide retirement benefits to employees. In 2022, some long-awaited changes to the original act were introduced, and what is now known as SECURE

State pension fund posts 4.5% return in latest quarter

ALBANY, N.Y. — The estimated value of the New York State Common Retirement Fund hit $242.3 billion at the end of the state’s 2022-2023 fiscal third quarter. For the three-month period ending Dec. 31, 2022, the fund’s investments returned an estimated 4.51 percent, the office of New York State Comptroller Thomas DiNapoli announced Feb. 10. 

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