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Personnel Briefs

Posted onNovember 8, 2017November 9, 2017

Teal, Becker & Chiaramonte, CPAs, PC announced that Gretchen Guenther-Collins, J.D. M.S., CPA, has rejoined the firm in the capacity of tax manager.

Guenther-Collins is a graduate of the College of Saint Rose, earning a Bachelor of Science in accounting as well as a Master of Science in Accounting. She was previously an audit manager with the firm from 2000-07 before taking a 10-year hiatus to pursue her own business and work in the legal and higher education industries.

She transitioned from an adjunct professor at the College of Saint Rose and began as a full-time accounting instructor at the college in January of 2007. She then rose to interim dean of the Huether School of Business in 2016. Meanwhile, she pursued her Juris Doctorate at Albany Law School and completed two legal internships before earning her degree in December 2014. She was admitted to the 3rd Department of the New York State Court System in July of 2015.

In her new role at TBC, Guenther-Collins will focus on individual and corporate taxation, including tax planning as well as tax compliance issues. She is presently serving as the treasurer of the board of directors of the Albany Damien Center and has held several roles in other nonprofit organizations.

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Owner Of Zobel & Co. Kitchens In Glens Falls Has Almost 40 Years Of Industry Experience

Posted onNovember 8, 2017November 9, 2017
Arthur Zobel, owner of Zobel & Co. Kitchens, and Ginny Brandreth, marketing director, offer several products for homeowners looking to renovate a kitchen, particularly cabinets.
Photo by Jesse Winters

By Liz Witbeck

Renovating a home can be a challenge. Places such as Zobel & Co. Kitchens, at 11 Broad St. in Glens Falls, can help homeowners with their kitchen design projects.

Owner Arthur Zobel is originally from Westchester County. He has almost 40 years of experience in the industry. He said he spent his summers visiting the Adirondacks and looking for the perfect space to relocate his business. He found a location in the Union Square building in Glens Falls.

Zobel & Co. Kitchens plans to host their grand opening in January, he said.

Zobel & Co. Kitchens offers several lines of products for homeowners looking to renovate a kitchen. A few of the cabinet lines carried are Design Craft, Yorktowne, and Plain & Fancy. They also carry Country Road Associates, a local company that reclaims wood and designs it into cabinetry and other products.

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Owners Of Glenmoore Lodge On Glen Lake Call Their Business The ‘Best Kept Secret Around’

Posted onNovember 8, 2017November 17, 2017
The Glenmoore Lodge, located on Glen Lake, has been in existence since the 1890s. It is open from May until October, but owners hope to to winterize it in order to keep it open all year long.
Photo by Jesse Winters

By Liz Witbeck

Today, thousands of people flock to the area throughout the year, especially during the summer. The Glenmoore Lodge, located on Glen Lake “is the best kept secret around,” said Kerry Smith, who owns it with his wife, Alicia.

“We’re right in the middle of everything. We’re right in between the Great Escape and the shopping outlets, but you wouldn’t know it,” he said.

The lodge, located at 330 Glen Lake Road in Lake George, has been in existence since the 1890s.

The Smiths are originally from Brooklyn. Kerry has a background in hospitality and bartending. He describes himself as a “people person” who was naturally drawn to the industry. Alicia spent her childhood at Glenmoore Lodge. Each summer the family would vacation at the cabins.

“I always thought that I would own it someday,” she said.

That dream came true in 2015, when the Smiths became owners of the property.

The lodge itself is the main facility upon the grounds. There are six rooms available to rent within the lodge. Of the six, two are family suites, each with two large bedrooms. Other rooms include queen or double beds for guests. Each room has a private bath.

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‘ReStore’ Sells Donated Furnishings And More; Proceeds Go Straight To Habitat For Humanity

Posted onNovember 8, 2017November 9, 2017
The new Southern Adirondack ReStore of Habitat for Humanity of Northern Saratoga, Warren and Washington Counties is now open, helping raise money for the nonprofit group.
Courtesy Habitat for Humanity

The new Southern Adirondack ReStore of Habitat for Humanity of Northern Saratoga, Warren and Washington Counties opened to the general public with a ribbon cutting on Oct. 2

The ReStore, at 1373 Route 9 in Moreau, is the first in the area.

Sustained largely by a team of volunteers, Southern Adirondack ReStore is the Habitat for Humanity-style thrift shop, selling new and lightly used home furnishings, decorative accessories, lighting, appliances, building materials and more.

Donations made by area businesses, decorators, contractors and residents, support the ReStore. Donations go to the store and are tagged for sale. Proceeds of each sale go to Habitat for Humanity of Northern Saratoga, Warren and Washington Counties and its efforts to build and maintain affordable homes.

Through ReStore, Habitat is able to provide affordable home improvement items and furniture to local families, while also diverting usable materials from local landfills each year.

The store is nearly 7,000 square feet.

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Business Briefs

Posted onNovember 8, 2017November 13, 2017

Mannix Marketing, Inc., a digital marketing company based in Glens Falls, has made the 2017 US Search Awards’ shortlist in the “Best Use of Search – Retail” category.

Recognized for its work on an organic SEO campaign for Gettysburg Flag Works, Mannix Marketing was named to the list along with nine other organizations.

The fifth-annual US Search Awards recognize leading SEO, PPC and digital marketing organizations based or working in the United States.

Developed and facilitated by Senior Digital Marketing Strategist Jessica Tracy and Digital Marketing Strategist Amberly Rundell, Mannix Marketing’s shortlisted campaign focuses on increasing organic search traffic from individuals and businesses looking to purchase products from Gettysburg Flag Works, a leading provider of fully customizable flags and banners.

***

C.T. Male Associates Engineering, Surveying, Architecture & Landscape Architecture DPC announced the opening of its newest office in Washington, D.C.

The office will be managed by Larene Cameron.

Cameron is an environmental scientist in the firm’s Environmental Division and will be offering environmental site assessment services in the greater Washington D.C. area.

 

***

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Lake George-Based Event Medical Services Provides EMT Services At Special Events

Posted onNovember 8, 2017November 9, 2017
The staff of Event Medical Services is based in Lake George, but works all across New York, Massachusetts, Pennsylvania and New Jersey. They provide EMT services at special events.
Courtesy Event Medical Services

By Rachel Phillips

In 2014, a participant at the Red Hook Criterium bike race in New York City crashed into a metal barricade. Due to his broken ribs, the patient began to suffer respiratory problems. Fortunately, Event Medical Services of New York was onsite and able to provide basic life support and get the person in an ambulance in under three minutes.

A year later, after a full and speedy recovery, he was able to participate in that same race once again.

“If it had just been an ambulance, they couldn’t have gotten to him so fast inside the track like that,” said Travis Dunklee, owner and founder of Event Medical Services of New York, based in Lake George. “That’s where our motto ‘When seconds count, count on us’ comes from, because more often than not we’re there in 30 seconds.”

Upon realizing there was a gap in the market for affordable, proactive, and effective event medical services, Dunklee started his business in 2007 out of the desire to help his community.

Hiring an ambulance to attend large-group events is often a necessary precaution, but it can cost upward of $150 an hour. There’s also no guarantee the ambulance will stay on site if an emergency calls it away.

The providers of Event Medical Services of New York, however, will be present for the duration of the event, no matter what happens, and their services come at an affordable rate, said Dunklee. The staff is often the first line of defense before an ambulance is able to help.

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Adirondack Aquatic Center Gets $1 Million Donation; Will Start Fundraising In 2018

Posted onNovember 8, 2017November 9, 2017
This is a rendering of what the exterior of the Adirondack Aquatic Center will look like. The multi-use, year-round facility will hold four pools, including a 50-meter Olympic-size pool.
Courtesy Adirondack Aquatic Center

Adirondack Aquatic Center (AAC) has received its first $1 million pledge from an anonymous donor, marking the largest contribution to date toward the proposed $22 million, 80,000-square-foot facility.

A local group plans to build such a center  along the health and wellness corridor located off of Route 67 in Malta. The property is located across the street from Malta Urgent Care.

“This pledge brings us closer to realizing our dream—to build a state-of-the-art aquatic facility that community members and visitors can utilize for years to come for recreational and wellness, therapeutic and competitive training purposes,” said Kara Haraden, president of the AAC board of directors.

“This $1 million donation will make a big splash in the efforts to build the Adirondack Aquatic Center and bring all of the positive economic impacts it would entail to the town of Malta and to the place where all good things emanate, the 49th State Senate District,” said state Sen. Jim Tedisco.

AAC representatives said an official fundraising campaign will kick off in 2018. The board of directors is seeking both public and private sector funds.

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Feigenbaum Cleaners Moves Its Saratoga Store From Railroad Place To 18 Congress Street

Posted onNovember 8, 2017November 13, 2017
Feigenbaum Cleaners moved its Saratoga Springs store to 18 Congress St.
©2017 Saratoga Photographer.com

By Liz Witbeck

Feigenbaum Cleaners has moved its downtown Saratoga Springs store to a new location.

It is now at 18 Congress St., on the corner of Congress and Hamilton Streets. Previously they were located on Railroad Place. The new location has more parking.

“Convenience is the number one thing for our customers,” said Todd Feigenbaum, president of the company. “There is plenty of parking. People can park right at the door and come in. This is much easier for people who have their hands full of clothes.”

A grand opening ceremony was held in October.

The company believes that this relocation will be helpful for their customers, and allow them to create a more pleasurable, customer service friendly experience.

Feigenbaum Cleaners operates four locations in total: their original plant in downtown Glens Falls, a Queensbury location at Quaker Plaza; and another location at Wilton Square in Wilton.

Feigenbaum Cleaners is part of the Green Cleaners Council. It utilizes System K4, an ecofriendly, biodegradable dry cleaning service.

The staff at Feigenbaum is equipped to clean just about any material including leather, suede and furs. Items damaged by smoke or fire can cleaned and restored. Customers bring in comforters, bedspreads, cushions, area rugs, and other home items for cleaning.

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Small Business Owners Should Consider Accelerating Expenses, Delaying Receipts

Posted onNovember 8, 2017November 9, 2017
Robert Ricciardelli, a CPA and partner at Whittemore, Dowen & Ricciardelli, says a company about to make large investments in a plant or equipment should get a cost segregation study done.
Photo by Jesse Winters

By Jill Nagy

Despite uncertainty about the fate of the U.S. tax code,  advice from accountants for year-end tax planning remains similar to what it has always been: Try to accelerate expenses and delay receipts.

If anything, the prospect of possible reductions in tax rates and the elimination of some tax deductions, gives greater credence to that advice.

“There are a lot of unknowns,” said James E. Amell, a CPA in the Queensbury office of Marvin & Co. He expects corporate tax rates to come down but predicts that the Republicans in Congress will not make radical changes.

“They want some durability in what they do,” he said. “They don’t want to see everything changed again when the control of Congress changes.”

Robert Ricciardelli, a CPA and partner at Whittemore, Dowen & Ricciardelli, also in Queensbury, agreed. “It looks like something is going to get done,” he said. “It is tough to plan.”

Defer income, he advised, “even more so than usual.”

Deferring income until 2018 also defers the taxes on that income, possibly into a year when rates are lower. “Hold off on some of you billing,” Amell said.

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Business Report: Savings Plan Options

Posted onNovember 8, 2017November 9, 2017
Kevin M. Hedley is a partner with Hedley & Co. PLLC.

By Kevin Hedley

As Congress and the White House debate tax plans, there have been much discussed changes to the traditional 401(k) plan. The proposed plan to adjust the maximum limit for contributions has been tabled but we still have a long way to go before we have a tax plan in place.

That does lead to the questions—What are the limits for various retirement plans and what are some options for a small business owner to save for retirement?

Depending on your immediate and long term goals there are plenty of options. There are defined benefit plans, Defined contribution plans and other retirement savings plans such as SEPS, SIMPLES and IRAs to name a few. All of these plans allow a deduction from current income if a contribution is made according to the respective plan terms. The differences between them include the amount of contribution and the costs of administering each plan.

Benefits are paid from these plans in most cases at retirement, death, disability, or separation from service. Distributions from plans that do not fall into one of the allowed categories are also subject to penalty ranging from 10 percent to 25 percent.

Under a defined benefit plan, an employer makes annual contributions to the plan to provide each participant with a set benefit at retirement. Contributions to the plan are actuarially determined, and the plan can be integrated with social security. An integrated plan reduces the contribution for the lowest-paid employees and still allows for a significant contribution on behalf of the owner and key executives. Benefits under the plan are fixed using a definite formula. Typically, the formula expresses the benefits in one of the following ways:

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