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Business Report: Time To Update Your Estate Plan

Posted onNovember 14, 2021November 14, 2021
Jennifer Corcoran is a partner with Tully Rinckey PPLC.
Courtesy Tully Rinckey PPLC

By Jennifer Corcoran, Esq.

The coming of a new year often has us reflecting back on things we meant to do but did not get done or looking forward to things we wish to accomplish. It is the perfect time to put an estate plan in place or review your existing estate plan for any changes that may need to be made.

In addition, major life changes such as marriage, divorce, the birth of a child, a death in the family or even an increase or decrease in assets or income warrant updating your estate plan.

You may have had the foresight to create an estate plan to ensure that your assets are distributed the way you want them to be after you are gone. However, each new year brings updates to laws and potential life changes, all of which should be reflected in your estate plan.

What if you don’t have an estate plan? The new year is the perfect time to create one, no matter how many—or few—assets you may have. Among the many benefits, an estate plan can help to protect families with children and ensure that heirs are not overburdened with debts or taxes. A good estate plan, created with the help of a knowledgeable estate planning attorney, allows you to control the distribution of your assets according to your wishes.

It is important that your will is in place and up to date, because without a will, your assets could pass under the intestacy laws to persons you do not intend or wish to receive them. You cannot pass assets to nonfamily members, and your estate cannot make charitable contributions without a will.

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Business Report: CARES Act Encourages Charity Donations

Posted onNovember 14, 2021November 14, 2021
Patrick J, Diggin, CPA, is a partner at UHY LLP.
Courtesy UHY LLP

By Patrick J. Diggin

During the COVID-19 pandemic the CARES Act provided for expanded deductibility of charitable contributions to encourage taxpayers to give to charities during 2020. In December 2020, the Taxpayer Certainty and Disaster Tax Relief Act (TCDTR) was enacted which expanded and extended many of these provisions into 2021 to incentivize continued charitable giving through the end of the year.

The expanded benefits allow individuals who elect to take the standard deduction and ordinarily do not qualify for charitable contribution deductions, to deduct up to $300 ($600 for married taxpayers filing joint returns) for cash donations to qualified public charities.

For individual taxpayers that itemize their deductions, the expanded benefits increase the deduction limitation, ordinarily limited to up to 60 percent of the taxpayer’s adjusted gross income (AGI), up to 100 percent of AGI so long as the charitable contributions are made in cash to qualified public charities during 2021.

If excess contributions are made over the 100 percent limit, the donor may carry these excess deductions forward for up to five subsequent tax years, however the enhanced deductibility is set to expire after 2021.

Corporate taxpayers also saw an increase in deduction limits from the ordinary limitation of up to 10 percent of taxable income to 25 percent.

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For Holiday Shoppers, Patronizing Stores In The Community Helps Boost Local Economy

Posted onNovember 14, 2021
The Saratoga Market Place in downtown Saratoga is a popular shopping spot.

By Jennifer Farnsworth

Despite supply chain issues and COVID concerns, small business owners are saying local holiday shopping has been strong.

Todd Shimkus, president of the Saratoga County Chamber of Commerce, said all businesses benefit when shoppers support local businesses and the local economy.

His organization is running a promotion wherin people who spend $20.21 or more at any local shop, restaurant, salon, florist, fitness studio, nonprofit organization or any other business in Saratoga County are entered into a drawing for the chance to win a $100 gift card. The campaign runs through Dec. 31.

“Shopping locally is important. Whether you are eating out, shopping for the holiday shopping season, hiring a local contractor, or signing up for a gym membership, we want our local residents and out-of-town visitors to support local businesses,” he said.

“We need to have their back and show our support as consumers. That’s why the Chamber created the Save Our Locals $20.21 campaign. We all benefit when we support our local businesses and the local economy.”

Times Square Clock Shop in Clifton Park is another  place to find interesting gifts. Owner Peter Judd said they have a new line of clocks that he describes as one of their all-time best sellers.

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Annual Ballston Spa Holiday Parade And Tree Lighting Scheduled In Village On December 3

Posted onNovember 14, 2021
Santa Claus greets revelers at the annual Holiday Parade and Tree Lighting last year in Ballston Spa. This year’s event is scheduled for Dec. 3 in the village.
Courtesy BSPBA

The Ballston Spa Business & Professional Association’s annual Ballston Spa Holiday Parade and Tree Lighting will take place Friday, Dec. 3. 

The parade step-off time is 6:30 p.m., proceeding on Milton Avenue and ending in Wiswall Park on Front Street. It ill be followed by Santa lighting the village Christmas tree. 

The parade is a hometown-style holiday tradition, with firetrucks, floats, animals, kids and Santa parading down the main street of the village. 

Organizers said that again this year, the parade will spotlight the Toys for Tots campaign, in partnership with the Ballston Spa Community Emergency Corps, Saratoga County Sheriff Department and 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.

Officials said entries in the parade will be judged this year in the following categories: Best Emergency Vehicle Entry, Best Ballston Spa Community Members Entry, Best Walking Entry and the Brightest Light Award—the brighter and more festive, the better.

The parade is part of  the holiday-themed First Friday, Ballston Spa’s signature monthly event, which celebrates its 17th year in 2021.  Home to unique shops, museums, and a host of popular restaurants, Ballston Spa showcases that on its First Night events.

In the December version, many businesses will be open with special holiday activities and specials, while Ballston Spa High School singers and musicians and Union Fire Company band members will perform holiday music on the street corners.

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Unbroken Athletics In Malta Offers CrossFit Classes To Accommodate All Fitness Levels

Posted onNovember 14, 2021
Brandi Tyler opened her own CrossFit gym, Unbroken Athletics, in September.
©2021 Saratoga Photographer.com

By Christine Graf

Malta resident Brandi Tyler has taken her love for CrossFit training and turned it into a career. The first-time business owner opened her own CrossFit gym, Unbroken Athletics, in September.

Located at 146 Raylinsky Road in Malta, the gym offers a range of classes to suit any fitness level. Tyler, a Level 2 CrossFit trainer, also offers individual coaching. Unbroken Athletics is one of more than 13,000 CrossFit-affiliated gyms throughout the world, she said.

A former personal trainer, Tyler was introduced to CrossFit about five years ago. It is a high-intensity form of functional training that combines strength and conditioning and utilizes movements that are performed in day-to-day life—things like squatting, running, jumping, throwing, and pulling.

The workouts are particularly effective because they combine elements of load, distance, and speed and can be modified for individual of all ages and experience levels.

“I once saw a 90-year-old woman deadlift her own weight,” said Tyler.

She began to consider opening her own gym at a time when fitness centers were shuttered due to the pandemic. During that shutdown, she coached several clients in her home’s garage. The response was so positive that she decided to move forward with establishing her own business despite having no prior business experience.

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Business Report: We Are Regenerative Machines

Posted onNovember 14, 2021November 14, 2021
Mary Beth McCue of Saratoga Nutrition is a certified nutritionist and registered dietician.
Courtesy Saratoga Nutrition

By Mary Beth McCue, RD, CDN, IFNCP

Being conscious of choosing healthy lifestyle practices has probably never been as critical as it is today. Eating “clean” is commonly promoted in mainstream media; but what does this mean and why is it important?

Eating organically raised foods, free of contaminant’s and pharmaceuticals is foundational for “clean eating”. Based on the science published on sustainable farming, and on regenerative, holistic medicine; eating clean foods may be the most critical lifestyle choice for people to live their healthiest and most successful life.

Like integrative and functional medicine, the organics industry is mainly consumer driven and in rapid growth. Humans are literally at the verge of new life everyday, at every meal and every thought. How is this so ? Our choices determine the state of potential new life, renewed health, because our cells are constantly turning over and renewing. What we feed ourselves will determine “everything”.

No matter what personal health challenges or goals one has, eating clean needs to be part of the ongoing process. The most nutritionally dense, safe, toxin-free foods that support the lowering of inflammation and stress in the body PLUS support a healthy immune and digestive system come from clean foods.

These factors are all focal points for maintaining health, and vitality.and are critical to the recover from any chronic condition from losing weight (toxins store and hold in fat stores), to those with anxiety/depression, cardiovascular, immune, diabetes, GI conditions and more.

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Mental Health Experts Say COVID-19 Has Added Significantly To Patient Caseloads

Posted onNovember 14, 2021
Dr. Erin Christopher-Sisk, Ph.D., clinical director of ECS Psychological Services.
Courtesy ECS Psychological Services

By Christine Graf

Local mental health practitioners are struggling to meet the tremendous demand for services that has been triggered by the COVID-19 pandemic. The need encompasses all age groups, and pediatric health experts have labeled the mental health crisis among children as a national emergency.

According to Dr. Erin Christopher-Sisk, Ph.D., founder and clinical director of ECS Psychological Services in Saratoga Springs, the need has never been greater.

“In my almost 20 years of being in practice, I have  never seen the volume of need that we see and have seen over the past year-and-a-half. Every provider I know is booked solid. Our mission has always been to keep up with needs of community, so we just continued to try to hire therapists and expand staff. We were at  seven or eight full-time staff members before the pandemic, and we are now at 20.”

Licensed psychologist Dr. Debra Pietrangelo, founder of True North in Glens Falls,  has been practicing for more than thirty-five years and describes the current need for mental health services as “unbelievable.”

“We are turning people away every day,” she said. “Sometimes 20 to 30 a day. We’ve always had to turn people away, but it’s worse than ever before. I have ten clinicians, and wish I had space for more. There are not enough practitioners out there to meet the need.”

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MVP Health Care Launches Plan To Simplify Medicaid, Medicare Benefits For Patients

Posted onNovember 14, 2021

MVP Health Care has launched a joint venture with Belong Health to support MVP Health Care’s introduction of a new Medicare Advantage Dual-Eligible Special Needs Plan (D-SNP).

Officials said MVP’s DSNP will simplify care by coordinating Medicare and Medicaid benefits in a patient-centric way. The collaboration with Belong Health introduces a level of experience that will enhance customers’ experience by connecting them with resources they need, from primary care to behavioral and specialty care, and to community-based social support services. MVP Health Care will be the first in the Capital Region to offer this unique plan.

More than 135,000 people in the Capital Region, Hudson Valley, and the North Country are eligible for a D-SNP plan.

 Belong Health, a built-for-purpose company with expertise in Medicare Advantage and Special Needs Plan products, was selected by MVP because of the organization’s ability to complement MVP Health Care’s strengths and further its drive for innovation in healthcare.

Both companies share a mission of making health insurance more personal putting the member at the center of the vision. Belong Health and MVP Health Care will offer New Yorkers the depth of knowledge and experience necessary to support underserved members with complicated health care needs, such as multiple chronic conditions.

 “MVP Health Care is on a mission to rearchitect health care around our members, which is why we continue to innovate in the way we design health plans and leverage new approaches to supporting our members that we haven’t tried before,” said MVP Health Care President and CEO, Chris Del Vecchio. “The company’s joint venture with Belong Health is a natural evolution of our work to pioneer better health insurance plans for every community member and aid in our communities’ evolving health care needs.”

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Daigle Cleaning Expands Northward With Purchase Of ‘Care Clean Of Saratoga’ Business

Posted onNovember 14, 2021November 15, 2021
Derek Foster, president and co-founder of Daigle Cleaning Systems, recently purchased Care Clean of Saratoga. He envisions the company growing in Saratoga, Warren, and Schenectady counties.
©2021 Saratoga Photographer.com

By Jill Nagy

As Daigle Cleaning Systems approaches its 10th anniversary, the Albany-based company is expanding its reach northward, in part through the purchase and absorption of Care Clean of Saratoga, a similar company based in Clifton Park.

The merger, completed in August,  gives the company a base in Saratoga County as well as additional customers and employees, according to Derek Foster, president and co-founder of Daigle Cleaning Systems.

He envisions the company growing its customer base in Saratoga, Warren, and Schenectady counties. In addition, the combined company can offer additional services to Care Clean customers such as carpet, tile, and other floor care and commercial window washing.

The company has always served customers in the Saratoga area and as far north as Lake George. A foothold in Clifton Park will make that part of the business more efficient, Foster said. For example, he noted, an employee who lives in Clifton Park will no longer have to report for work in Albany.

Foster and his mother, Michelle Daigle, founded Daigle Cleaning Services in 2011. Both are still active in the business.

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Two Groups Join Forces To Offer Computer Coding Training Programs To Unemployed

Posted onNovember 14, 2021November 15, 2021

SUNY Adirondack and SaratogaCanCode have joined  forces to offer free computer coding education and training programs to serve unemployed and underemployed New York residents.

Funded through a state Department of Labor grant, the partnership will enable coding instruction in two popular courses—Front End Web Development and Python for Data Analytic —to serve up to 45 people starting Nov. 8.

SUNY Adirondack’s Workforce Readiness Academies Program (WRAP) provides free training opportunities for residents of New York state. Included in the program are customized services based on participant need, such as career coaching, academic advising, job-search skills, and accessing resources such as emergency child care and technology support.

The 12-week computer coding programs are offered virtually through SaratogaCanCode, which is part of CanCode Communities, a nonprofit organization dedicated to building a trained software workforce throughout upstate New York and beyond.

“We’re seeing such success with the summer cohort of students who are about to finish their IT boot camp training,” said Caelynn Prylo, Assistant Dean for Continuing Education and Workforce Innovation at SUNY Adirondack. “This program is truly transformational for the participants. With the workforce changes we’ve seen over the past year, more people than ever can benefit from this high-impact training program, expanding their skills and securing employment in a high-demand field and strengthen our region’s pool of trained, talented tech professionals.”

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