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Month: February 2016

Technology And The Internet 'Cloud' Have Altered The Shape Of Accounting Practices

Posted onFebruary 5, 2016November 8, 2017
accounting trends - rutnik-vc.jpg
Jonathan Rutnick, founder of Rutnick &
Co. PC in Clifton Park, surrounded by staff.

BY JILL NAGY

Green eyeshades and sharpened pencils are
things of the past for today’s accountants. They
are more likely to deal with QuickBooks in the
cloud. And they rarely see their clients face to
face, although they may be in daily communication
with their business data.

They also have to guide clients through an
increasing thicket of government regulations.

Kelly Reinhart of Reinhart & Associates LLC
in Saratoga Springs, recently restructured his
business operation completely so that clients pay
a fixed monthly fee for needed services, instead
of paying by the hour or task. Each client’s workload
varies from month to month, he found, but
they balance each other out.

Clients “enjoy having one fee,” he said. If they
have a question, they can ask it without worrying
about the time clock ticking away. He feels that
his business is “growing by leaps and bounds,
really skyrocketing” because of the change.

Read More

Albany Law School To Offer Course Work In Law And Cybersecurity Starting This Fall

Posted onFebruary 5, 2016November 8, 2017

In an increasingly technology-driven, globally
connected world, there is an escalating
need for legal specialists in data protection,
privacy and cybersecurity. In recognition of
this need, Albany Law School announced it
will be offering a new concentration in law
and cybersecurity beginning in the fall.

The program–a collaboration with the
University at Albany’s School of Emergency
Preparedness, Homeland Security and Cybersecurity
(CEHC)–will prepare J.D. graduates
to provide counsel to a broad range of industries
and individuals on an array of legal
matters, including: data breach; cybercrime;
compliance with state, local, federal, and
international privacy laws and regulations;
implementing security policies; records management;
digital media privacy; litigation; and
more, college officials said.

“The security of our personal information
and technological infrastructures in business
and government is an ever-growing concern.
The need for legal experts in this field will only
become greater as networks expand and the
value of data increases,” said Alicia Ouellette,
president and dean of Albany Law School.
“Our law school, located in New York’s capital
and the heart of Tech Valley, is an ideal lab for
studying these areas.”

“This program is precisely the kind of collaboration
we envisioned when we developed
an affiliation with Albany Law School,” said
UAlbany President Robert J. Jones. “Together,
our two institutions are leveraging capacity
that will provide highly specialized training
for cybersecurity professionals and meet a
massive and growing need both regionally
and nationally.”

Read More

Eagle Crest Makes Changes To Food Services; Housing Development May Be In Its Future

Posted onFebruary 5, 2016November 8, 2017
eagle crest vc.jpg
Eagle Crest continues business as usual, but a
housing complex may be in its future.

BY MAUREEN WERTHER

A proposal to build a 170-unit housing development
on the site of the Eagle Crest Golf Course
could take six months or more to be approved by
the Town of Clifton Park Planning Board. But,
that’s OK said owner Bill Paulsen.

He has owned and operated the golf course
since 1991 and he has no plans to close anytime
soon.

According to Paulsen, ultimately, the parcel of
land would be worth more as land for construction
than as a turnkey golf operation. So he is looking
into the housing situation.

“If we are planning for retirement down the
road, this kind of project is a very long process. If I
decide to retire in 10 years or so, I don’t want to wait
five additional years [for the housing project to
take shape] to finally have the project ready to go.”

Read More

Construction Projects Abound In Region As Contractors Are Hopeful For A Busy 2016

Posted onFebruary 5, 2016November 8, 2017
roundup - 130 excelsior c.jpg

This rendering shows what the Bonacio Construction project at 130 Excelsior Ave. in Saratoga
Springs will look like when the 65-unit apartment complex is done.

BY R.J. DELUKE

Construction season in the Saratoga County
will be in full swing weeks from now. Area contractors
say work is steady and 2016 is looking
like a solid year.

“Indicators are strong,” said Mike Munter, vice
president of Munter Enterprises in Middle Grove.
“We’re seeing a lot of bidding activity. We sense it’s
going to be another busy year ahead.”.

Bob Fortune of BCI Construction said there is a
lot of activity in the construction field this year, “but
it’s still a very, very competitive business. Margins
are very tight. You can’t afford to make mistakes.”

For Munter, his company is wrapping up work
on a new building for Greenfield Manufacturing
in the Grande Industrial Park in Saratoga Springs.
That is a 35,000-square-foot project on five acres.

Read More

110-Unit Rental Complex Being Constructed In Saratoga Springs For People Age 55 And Up

Posted onFebruary 4, 2016November 8, 2017
the summit at saratoga vc.jpg
The Summit at Saratoga being built off Route
50 will have 110 living units for rent.

In a move designed to provide greater choice
to Capital Region seniors seeking independent
housing, Summit Senior Living LLC is constructing
a 110-unit rental complex called The Summit
at Saratoga on Perry Road off Route 50 in Saratoga
Springs.

The three-story apartment project, already underway,
will be situated on 12 acres and will comprise
one building with an integrated clubhouse
featuring an indoor pool and hot tub, sauna, fitness
center, full-service salon, tavern, movie theater
and a variety of other recreational areas, including
bocce ball and pickle ball courts, according to
Adam DeSantis, principal of Summit Senior Living.

J. Luke Construction Co. Inc. of Schenectady is
the general contractor on the project.

“The Saratoga Springs market is underserved in
terms of luxurious, yet affordable housing options
for those over 55,” said DeSantis. “This community
will give seniors tremendous value for their money
as there are no entrance fees. Included in each
month’s rental fees is access to our Senior Engaged
Life (SEL) program, which allows residents to remain
active in mind, body and spirit as they enjoy
everything from regular speakers and outings to
pilates and cooking classes.”

Completion is expected by this summer.

Read More

Firm Eyes Mixed-Use Buildings On Malta Land

Posted onFebruary 4, 2016November 8, 2017

BY LIZ WITBECK

Two new mixed-used retail and office
buildings are being planned on Route 9 in
Malta. The parcels are behind the CAP COM
Federal Credit Union building.

The buildings are being designed by Lansing
Engineering.

“There was a need for additional retail in
Malta,” said Yates Scott Lansing, owner of
Lansing Engineering. “People needed more
office space.”

Currently the project is in the conceptualization
phase.

“We hope to get through the process fairly
quickly. The Town of Malta has always been
pretty good about moving things forward.
We hope to break ground by the end of summer”
he said.”It’s still early in the project.”

Read More

First-GIG Operates Career Placement Services For Military Veterans, High School Students

Posted onFebruary 4, 2016April 29, 2021

First-GIG LLC, a business that operates
two career placement services, is relocating
its headquarters from Madison, Wis., to
Saratoga Springs.

First-GIG operates 1stGig.com, which
focuses on jobs for college graduates, and
VetsBridge.com, which specializes in the
employment of returning veterans of the U.S.
Armed Forces.

After operating for more than three years
out of Madison, First-GIG is relocating to
Saratoga Springs, in part because of the thriving
IT industry in the Albany-Saratoga area,
officials said. The company plans to continue
its active role in the national marketplace.

First-GIG officials said the company has
developed proprietary algorithms for both
programs that make it easier for potential
employees and employers to find each other.
The service is available to students and veterans
at no charge.

Read More

Office Wellness Programs May Include Creating Healthier Work Spaces For The Employees

Posted onFebruary 4, 2016November 8, 2017
office wellnesss - rogers-bullis vc.jpg
Dorothy Rogers-Bullis, owner of drb Business
Interiors, supports office health initiatives.

BY RACHEL SPENSIERI

With the new year, many people have resolved
to improve their overall wellness. Similarly, many
businesses are considering ways they can help their
employees stay happy, healthy, and satisfied with
their jobs in 2016.

“During the recession, the workforce was generally
thankful just to have a paycheck,” said Dorothy
Rogers-Bullis, owner of drb Business Interiors, a
workspace design firm located in Saratoga Springs.
“Now that the economy has turned around, employers
can’t take that top talent for granted.”

Indeed, a 2014 LinkedIn study found that over
three-quarters of the global workforce was actively
or passively looking for a new job, so companies
have to up their game to keep the best-of-the-best
on their team.

The way to employees’ hearts may just be, well,
through the heart. Rogers-Bullis increasingly
notices that one approach her clients’ are using
to encourage employee retention is with wellness
programs. But today’s workplace health initiatives
go way beyond putting a gym in the building.
From hiring nutritionists to work with the cafeteria
food service staff to bringing in a yoga teacher for
lunchtime Zen sessions, companies are coming
to understand the sorts of perks that truly make
employees loyal and even improve productivity.

Read More

Business Report: Make The Payroll Process Work

Posted onFebruary 4, 2016November 8, 2017
jeannine dubiac c.jpg
Jeannine Dubiac is the owner of Priority One
Payroll LLC based in Malta.

BY JEANNINE DUBIAC, FPC

Payroll should be that process that just flows.
As a business owner you know first-hand that
your employees need to be paid on time, correctly,
every time.

Unfortunately, for many companies, it’s anything
but smooth. Staying on top of payroll can
be a time-consuming and stressful process, especially
when relying on outdated payroll methods
to get the job done. With the multiple of IRS and
state penalties looming over every business, and
great employees anxiously waiting for payday, it’s
best to adopt the most efficient payroll tools and
resources at an organization.

To avoid unnecessary payroll-induced headaches,
for employers and employees alike, here
are a few suggestions to help improve efficiencies
in your payroll process.

1. Managing payroll.

Issue: Undertaking various job duties and
titles is often a necessity skill for business owners.
Unfortunately, the more tasks there are to juggle,
from marketing to human resources to accounting,
the greater likelihood of dropping the ball
on one of the many fine details related to payroll
and payroll taxes.

Read More

Business Report: Obligations Under Fair Labor Standard Act

Posted onFebruary 4, 2016November 8, 2017

james marco c.jpg

Jim Marco, president, Consultant of Saratoga
Human Resources Solutions Inc.

BY JIM MARCO

The Fair Labor Standards Act (FLSA) is the
piece of federal legislation that established
minimum wage and overtime requirements, and
defined which employees are exempt from the
minimum wage and overtime provisions of the act,
and which employees need to receive overtime pay.

The FLSA provides definitions under which employee
can be exempt. These exemptions fall under
certain categories such as executive exemption,
administrative exemption, professional exemption,
outside sales exemption, and the computer
employee exemption. Exempt employees are often
referred to as salaried employees.

In order to qualify for exempt status, employees
must meet three critical criteria related to job duties,
a minimum level of weekly pay, and they must
be paid on a salaried basis, which is also defined
by the FLSA. Companies who pay all employees a
weekly salary, thinking they are avoiding overtime
payments, are taking a substantial risk. Both the
federal and state departments of labor enforce
these laws, although it is usually the state that you
will be dealing with during an audit.

This can result in back pay, for several years,
fines and other penalties. Your best defense is an
accurate and compliant job description, good job
analysis, and a thorough documented review of
the requirements.

Read More

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