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Jake Van Ness

2079 Articles

Holiday Parade And Tree Lighting Festivities Taking Place In Ballston Spa On December 2

Posted onNovember 7, 2022
The annual Holiday Parade and Tree Lighting will take place on Friday, Dec. 2 on the north side of Milton Avenue, proceeding to West High Street.
Courtesy Ballston Spa Business & Professional Association

The Ballston Spa Business & Professional Association has begun preparations for its annual Holiday Parade and Tree Lighting taking place on Friday, Dec. 2 on Milton Avenue in the village.

A home-town style tradition, the event typically draws hundreds of spectators to Ballston Spa to watch the decorated floats, fire trucks and community groups parading through the village.

The parade steps-off at 6:30 p.m. on the north side of Milton Avenue and proceeds to West High Street. Following the parade, Mr. and Mrs. Claus will arrive on the back of an Eagle-Matt Lee Fire Company truck to light the tree in Wiswall Park.

Parade entries will be judged this year in the following categories: Best Emergency Vehicle, Best Float, Best Walking Entry, and the Brightest Light Award.

The parade will once again spotlight the Toys for Tots campaign, in partnership with the Ballston Spa Community Emergency Corps, Saratoga County Sheriff Department and the U.S. Marine Corps. Volunteers from these organizations will be on hand to collect donations of new, unwrapped toys from spectators along the parade route as well as at the tree lighting.

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Business Report: Charitable Giving: Maximizing Tax Benefits

Posted onNovember 7, 2022
Bill Canty, CPA, CFP, founder, CFM Tax and Investment Advisors.

By Bill Canty

Charitable giving is a great thing to do regardless of whether or not you are able to realize a tax benefit. 

However, if you can help others and realize a tax benefit this is a good thing and might even allow you to give a little bit more. Here are some things to know in trying to maximize the tax benefits of charitable giving. 

The standard deduction is a reduction in taxable income available to all taxpayers regardless of whether or not they can itemize deductions or have any tax credits. For 2022, the standard deduction is: Single and married filing separately,  $12,950; married filing joint, $25,900; and head of household, $19,400. 

If you have itemized deductions in excess of the standard deduction, you can deduct that amount from your taxes. Examples of itemized deductions include: property taxes, state income taxes, mortgage interest, medical expenses and charitable contributions.

Charitable contributions can be made in a number of ways that can qualify as an itemized deduction. These include direct gifts of cash, gifts of securities like stocks, mutual funds, and ETFs, and gifts of property such as real estate, art, and collectibles.

 The amount that can be deducted as an itemized deduction is as high as 60 percent of adjusted gross income for some cash donations, dropping to 50 percent or as low as 20 percent for other types. This percentage can also vary by the type of organization. 

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Business Report: Should You Consolidate Retirement Accounts?

Posted onNovember 7, 2022
Robert Snell, financial adviser with Edward Jones Financial in Saratoga Springs.

By Rob Snell

One of the rewards for working over several decades is the ability to contribute to tax-advantaged retirement accounts, which can help provide needed income for you when you do retire. 

As the years went by, you may well have accumulated several retirement accounts, such as IRAs and 401(k)s or similar employer-sponsored plans. But you might find it advantageous to consolidate these accounts with a single provider.

Consolidating them can provide you with several potential benefits, including these:

• Less confusion and clutter. If you have multiple accounts in different locations, it may be difficult to keep track of tax documents, statements, fees, disclosures and other important information. Consolidating accounts could help provide clear, simplified account maintenance.

• Less likelihood of “lost accounts.” It may be hard to believe, but many people abandon their retirement accounts, leaving thousands of dollars behind and unclaimed. In fact, at the end of 2021, there were nearly 25 million forgotten 401(k) accounts, worth about 20 percent of all 401(k) assets, according to an estimate by Capitalize, a financial services company that helps individuals roll over retirement plan assets into new accounts. 

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Saratoga Springs Man Is Named President Of Fenimore Asset Management Firm

Posted onNovember 7, 2022
Christian Snyder, J.D., CFA, was appointed president of Fenimore Asset Management.
©2022 Saratoga Photographer.com

Christian Snyder of Saratoga Springs, J.D., CFA, has been appointed president of Fenimore Asset Management, an independent, Capital Region-based investment advisory firm and manager of the FAM Funds family of mutual funds.

He succeeds Debra Pollard who is retiring from Fenimore at the end of 2022 after a tenure of more than 30 years with the company, the last six as president.

Snyder will work closely with Fenimore founder and Executive Chairman Tom Putnam, Chief Executive Officer John Fox, and the management team to guide the 48-year-old firm into the future.

“Fenimore prides itself on attracting and retaining associates who share our strong values, distinctive investment philosophy, and dedication to service excellence. Deb and Christian exemplify these traits,” said Fox.

“Christian has nearly two decades of experience in the financial services industry along with a solid track record of leadership and integrity. We are excited to have him on the team and look forward to working together to further our mission of preserving and growing our investors’ capital over the long term.”

Snyder joins Fenimore after five years as chief operating officer of the Wealth Strategies Group at Goldman Sachs Ayco Personal Financial Management. Prior to that, he served three years as associate counsel and then deputy general counsel for the company. 

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‘Stretch Zone’ In Clifton Park Helps People Get In Shape Without Weights And Equipment

Posted onNovember 7, 2022
John Bladek, owner of Stretch Zone at 54 Crossing Boulevard in Clifton Park says clients range from those needing the stretching experience to people with serious medical problems.
©2022 Saratoga Photographer.com

By Jill Nagy

For people feeling a bit stiff and out of sorts after a day at the desk but too tired to head for the gym, the Stretch Zone, a new business in Clifton Park, may be the answer. 

“Basically, it’s stretching,” said John Bladek, owner of the business, located at 54 Crossing Boulevard.  There are no weights or machines involved, just the client and a practitioner, he said.

Stretch Zone is a franchise of a Florida company. Bladek worked for the parent company,  certifying and managing trainers. He has a background in anatomy and physiology, as do the other four  practitioners in his business. In addition, all of them have completed an accreditation and certification program at the company’s Florida headquarters.

Clients range from those needing the stretching experience to people with serious medical problems. Many are completing physical therapy programs and need further work, he said. The practice also works with people with medical conditions such as cerebral palsy or Parkinson’s. 

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New Acupuncture Practice In Wilton Treats A Variety Of Ailments And Illnesses

Posted onNovember 7, 2022
Cindy Rosenberg is a licensed acupuncturist with almost 20 years of experience.
Courtesy Cindy Rosenberg

By Christine Graf

Cindy Rosenberg, a licensed acupuncturist with almost 20 years of experience, recently opened a new practice in Wilton. 

The Los Angeles native relocated to the Capital Region in early 2021. Her husband, Leigh Rathner, lived in Saratoga for 10 years before moving to Los Angeles to work in the television and film industry. 

“We met in California about 12 years ago, and for as long as we’ve known each other, we’ve been visiting Saratoga,” said Rosenberg. “Every time we would come visit, we would say ‘Why are we living in L.A.?’ We had a long-term plan to get out of L.A.. When the pandemic hit, it sort of accelerated.”

After moving to Saratoga, the couple established Night Work Bread, a bakery that produces long-fermented sourdough bread products. They currently sell their breads and other baked goods at farmer’s markets but will be opening a store in Ballston Spa in 2023. 

While living in Los Angeles, Rosenberg operated a thriving acupuncture practice. 

“I had a really busy practice in L.A.,” she said. “I had a high-rise office with multiple treatment rooms and was seeing 12 patients a day. When I moved here, I wasn’t sure if I wanted to keep practicing. I had gotten a little bit burnt out.”

After devoting herself to Night Work Bread, Rosenberg realized that she missed seeing patients. She began returning to Los Angeles every two months to treat patients and recently made the decision to open a practice in her home office on Edie Road. 

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St. Peter’s Health Partners Sets Up Care Center in Malta Headed By Dr. Steven Shamoush

Posted onNovember 7, 2022November 15, 2022
Dr. Steven Shamoush stands with Haleema Osmany, a family nurse practitioner, in front ofSt. Peter’s Primary Care in Malta where they are part of the medical staff.
©2022 Saratoga Photographer.com

By Susan Elise Campbell

Dr. Steven Shamosh a specialist in internal medicine with a focus on preventative care, has  become a part of St. Peter’s Primary care in Malta and is hiring a staff to provide services for the community.

The facility is at 2537 Route 9 in the heart of Malta’s business district. According to Dr. Shamosh, this location will allow him to tap into the growth of the Malta community as well as provide resources of award-winning St. Peter’s Health Partners.

“The opportunity here in Malta is to be in a place where business, including nanotechnology, is flourishing,” he said.

“We are always looking for opportunities to meet the needs of growing communities,” said Meg Doherty, a practice manager focused on primary care and development for five of the past 10 years that St. Peter’s Health Partners has been serving the Capital Region.

Doherty said that with St. Peter’s practices in Clifton Park and Saratoga Springs, “it made sense to get involved in Malta, both for families and business folks in general.”

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State Program To Expand Mental Health Services In Saratoga And Other Counties

Posted onNovember 7, 2022

New York state has launched a $5 million multi-agency pilot program aimed at reducing suicide among vulnerable groups in Albany, Schenectady, Rensselaer and Saratoga counties. 

Funded through a grant from the federal Centers for Disease Control and Prevention and administered by the state Office of Mental Health, Capital Connect will utilize data from state agencies and local partners to identify at-risk groups for focused prevention efforts in specific areas and industries in the four-county region. 

New York is one of only six states to receive the grant from the Centers for Disease Control and Prevention, officials said.

“While our state’s mental health resources are among the best in the nation, we still lose far too many New Yorkers to suicide each year,” Gov. Kathy Hochul said. “With a focused approach to prevention, we can better identify groups and industries most at risk and ensure they have access to resources, and this $5 million grant announced today will help us provide critical support and foster connections among vulnerable individuals throughout the Capital Region.”  

Chairman of the Saratoga County Board of Supervisors Theodore T. Kusnierz, Jr. said mental health and wellness “are equally as important as physical health and Saratoga County is committed to offering services to assist those who face such daily challenges. The Capital Connect Program will help promote a healthier community by assisting at-risk populations including our young people suffering from the lingering effects of the pandemic and working-class men who’ve also seen an uptick in mental health crises, according to recent studies. 

“These funds will help Saratoga County reduce the stigma surrounding mental health services while assisting those suffering with mental health issues and suicidal thoughts.”

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Business Briefs: November 2022

Posted onNovember 7, 2022

DeCrescente Distributing Co. of Mechanicville recently announced its employee-funded DeCrescente Scholarship Fund  awarded $12,000 in college scholarships to 24 children of company employees for the fall semester.

Established in 1995, the scholarship fund has given more than $480,000 in financial assistance to employees and their children since its inception almost 30 years ago.

Over the years, the scholarship fund has transitioned from company funded to now being 100 percent funded by employees through voluntary payroll deductions. Currently, about 160  employees contribute to the fund.

Candidates can apply for the award every semester they attend college, but they must meet certain eligibility criteria, including attending school full-time and meet GPA requirements.

The $12,000 allocation is the first of two awards that will be granted for the 2022-23 academic year, with the next rollout coming ahead of the spring 2023 semester.

***

The National Museum of Racing and Hall of Fame’s fourth annual Photo Finish exhibition has opened in the von Stade Gallery and will remain on display through Feb. 5. 

The exhibit’s images will also be available on the Museum’s website at racingmuseum.org/exhibits/photo-finish-juried-photography-exhibition.  The online exhibition will be available through October 2023.

Photo Finish features selected amateur and professional photographs that document the entire racing experience, from the farm and the backstretch to the winner’s circle. Each image captures an element of the strength, beauty, and emotion of the sport of racing. Photographers from 17 states and Ireland are represented in the exhibit.

Remi Bellocq, Alicia Hughes, Sally Jeffords, and Tod Marks, served as the judges for Photo Finish, providing representation from the racing and arts communities.

The call for submissions for the fifth annual Photo Finish exhibition will be announced in 2023.

For more information about the museum, including special events and program offerings, please call (518) 584-0400 or www.racingmuseum.org.

***

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Expansion Plans Continuing For Common Roots Brewing Co. In South Glens Falls

Posted onNovember 7, 2022November 14, 2022
This is a rendering of the new building and beer garden designed by Phinney Design Group for Common Roots Brewery’s expansion. V&H Construction Inc. is the lead contractor. Courtesy Phinney Design Group

By Susan Elise Campbell

What started as a plan to add more production and canning space has snowballed into an additional restaurant and event space that doubles the size of Common Roots Brewing Co. at 58 Saratoga Ave. in South Glens Falls. 

Guests are already booking weddings and corporate events for up to 250 people, according to Christian Weber, who owns the brewery with his father, Bert Weber.

“The site has been cleared and the steel for footings has arrived,” said Weber. “We hope to have the new building up and closed in by the end of the year and opened to customers the end of spring.”

The new building and beer garden is being designed and built by Phinney Design Group of Saratoga Springs with V&H Construction Inc. as lead contractor. These are the same firms that rebuilt the modern Adirondack-style structure in 2020.

“We’re putting the team back together because we love what they did for us,” said Weber.

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