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Category Archives: Legal / Accounting

In Technology Age, Face-To-Face Interaction Important, But Even That Can Be High-Tech

Posted onFebruary 14, 2019February 15, 2019
Melinda Bucknam, CPA and partner at Bucknam & Rodecker CPAs.

By Jennifer Farnsworth
As technology continues to grow and expand across the business sector, accounting firms have worked hard to keep up.
Accounting advisory and consulting services have benefited from the way technology has allowed them to work with clients without meeting face-to-face. But these services still need to be personalized. Many local firms have found ways to balance technology with personalized service.
Kristen D. Berdar, CPA, CMA, a partner at BST & Co. CPAs LLP, runs the company’s Virtual Accounting Solutions Division. She said they offer outsourced CFO and accounting solutions for clients on a cloud-based platform, working entirely outside of the client’s office.
They work to create a personalized service that is based on each individual client’s needs and goals.
“We utilize technology to automate and streamline their accounting processes. We also offer them a sense of comfort by knowing their accounting is managed effectively and efficiently by a CPA firm that can also adapt to their changing needs,” said Berdar.

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Business Report: The Power Of A Power Of Attorney

Posted onFebruary 14, 2019February 15, 2019
Debra Verni, principal of the Herzog Law Firm in Saratoga Springs.

Debra A. Verni, Esq.
Recently, I received an email from one of my client’s daughters. It was mom’s 90th birthday and she took mom to a casino.
Mom won $1,300 on a slot machine. When the staff member came over to cash mom out and give mom her winnings, she asked for photo ID. Mom let her license expire years ago, as she was no longer driving so she did not have a photo ID.
The daughter asked the casino staff member if she could sign for mom as power of attorney because she had photo ID. They said no. Apparently, the rule is that the person who won the money (pushed the button on the slot machine) has to be the one to collect it, so she could not use the power of attorney to collect mom’s winnings.
Although the power of attorney is a very powerful document, it is not powerful enough to collect casino winnings. So why do you need a power of attorney?

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Software Programs Are Important To Accountants In Efforts To Stay Abreast Of Tax Law Changes

Posted onFebruary 14, 2018February 15, 2018
Rick Fuller of Richard W. Fuller CPAs in Glens Falls, said he and his staff have been using advanced software programs for several years, with different tax programs for individuals and corporations.
GBJ File Photo

By Maureen Werther

With the dust temporarily settled for accounting firms scrambling to be in compliance with the new tax legislation, accountants only had a moment to breathe before jumping right into tax season.

What has helped is that accountants have embraced technology in varying degrees, with some diving in with both feet, relying on social media as well as sophisticated integrated software programs and cloud storage technology. Others continue to be happy with software technology while staying away from the social media component and even the cloud.

Rick Fuller of Richard W. Fuller CPAs in Glens Falls has been a practicing accountant for 38 years and opened his firm five years ago. For him, using social media as a marketing tool is something he said his company really doesn’t need. Accounting has historically been one of those industries that has done very well in amassing a book of business largely through word of mouth. Fuller said that continues to work well.

As far as utilizing electronic systems to generate paperless documents, Fuller said he is very close to being completely paperless.

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Presidency Of Trump May Have Effect On Tax Laws, But There Are 2017 Changes Regardless

Posted onFebruary 10, 2017November 8, 2017

Jane-Marie Schaeffer is a senior associate with the Herzog Law Firm. Courtesy Herzog Law Firm By Jane-Marie Schaeffer How can you best tax plan in 2017? Will the proposals of the Trump campaign impact your immediate plans? The answer...

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Forensic Accounting, A Growing Field, Has Applications In A Variety Of Investigations

Posted onFebruary 10, 2017November 8, 2017

Pamela L. Cleveland, CPA, MAFF, senior audit manager, CMJ LLP, Queensbury. Courtesy CMP LLP By Pamela L Cleveland One of the newer areas, and also the fastest growing area of accounting is forensic accounting. A forensic accountant has a...

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Business Report: Don’t Put Off Business Succession Plan

Posted onFebruary 10, 2016November 8, 2017

Razzano is an associate with the Herzog Law Firm in Saratoga Springs. BY BRITTINY B. RAZZANO Excuse Number 1: Too Busy. As a successful business owner, you may have your hand in the day-to-day operations and management of your...

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Technology And The Internet ‘Cloud’ Have Altered The Shape Of Accounting Practices

Posted onFebruary 10, 2016November 8, 2017

Richard Fuller, a Glens Falls accountant, says it's vital to keep up with the latest technology. BY JILL NAGY His clients' issues have not really changed-- "making money and keeping taxes down"--but the way he does his job has...

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

Posted onFebruary 10, 2016December 2, 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...

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Business Report: A Key To Financial Success

Posted onFebruary 12, 2014November 8, 2017

Bob Ricciardelli, partner in the firm of Whittemore, Dowen & Ricciardelli LLP.By Bob Ricciardelli, JD, CPA As a CPA and business advisor practicing for close to 20 years in fairly large firms, I have had the opportunity to see firsthand...

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Washington County Home Health Care Services Purchased By HCR Home Care

Posted onFebruary 12, 2014November 8, 2017

HCR Home Care recently closed on the purchase of Washington County's home health care services. Under the terms of the sale, HCR purchased the county's certified home health care and long-term care agencies. HCR has been operating in Washington...

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