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Saratoga RV Park Will Expand From 154 Spaces To Almost 300 By 2024

Posted onDecember 12, 2022
Saratoga RV Park, on Route 50, south of Gansevoort, is growing from 154 to 297 sites.
Courtesy Saratoga RV Park

By Paul Post

A Florida firm is creating more opportunities for affordable vacations in the pricey Saratoga market by almost doubling the size of a local recreational vehicle park.

Saratoga RV Park, on Route 50 just south of Gansevoort, is growing from 154 to 297 sites to keep up with fast-paced demand for both long-term seasonal and shorter, transient-type stays.

“It’s a substantial undertaking,” said Richard O’Brien, CEO and founder of Orlando-based Athena Real Estate, the park’s owner. “RV ownership has greatly increased, some of it driven by demand during the pandemic, folks looking to have leisure activity close to nature. 

“This provides an affordable vacation for the wonderful summer activities that Saratoga Springs offers. Part of it is the track and track season. In addition there’s a beautiful downtown with tremendous restaurants We also have the (Saratoga Spa) state park with its springs and concert series.”

Work is already under way and some sites should be ready by April, when the park opens, with the rest scheduled for completion in 2024. 

“It essentially means putting in roads, sites, gravel for each site, utilities, bathhouses and we plan to expand our swimming pool,” O’Brien said. “We have a strong cadre of local contractors.”

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Owner Of ‘Life Made Simple Boutique’ Opens A Second Retail Gift Shop In Wilton Mall

Posted onDecember 12, 2022
Nicole Wilson opened her second Life Made Simple Boutique in the Wilton Mall. Her first such shop is located in Burnt Hills.
©2022 Saratoga Photographer.com

By Susan Elise Campbell

Life Made Simple Boutique, a retail gift shop that opened in Burnt Hills two years ago, now has a second shop in the Wilton Mall on Route 50. 

Owner Nicole Wilson said that despite “a scary economy,” she opened a second store in the mall, where there is “a diversity of stores and services, including Saratoga Hospital, to attract customers.”

Wilson is also hoping to benefit from increased traffic if and when the proposal to construct apartment buildings behind the mall, now under review, is approved.

“I decided in July that despite slow sales earlier in the year, I was motivated to open a second store,” said Wilson. A month later the second boutique had taken up residency at the mall.

“I love retail, shopping for retail, stocking funny and sarcastic items, and hearing customers laugh,” she said. “People are feeling stressed out these days and we have items that cheer them up.”

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Planning Ahead, Making Informed Decisions Are Vital To Amassing Funds For Retirement

Posted onDecember 12, 2022

By Paul Post

John Shartrand helps clients contemplating retirement prepare for their own personal Fourth of July or Financial Independence Day.

Deciding when to leave is never easy, especially for business owners during uncertain economic times.

“As we deal with a huge amount of money in motion and supply chain challenges creating rates of inflation we have not experienced since the 1970s, the question you might be asking is, ‘How can I possibly retire in 2023?’ ” said Shartrand, chief investment officer at CAP COM Financial Services. “If you are just starting to think about retiring now, we may tell you it’s not the right time. But if you have been planning to retire, we are picking a date.”

Steve Bouchey, president and CEO of Bouchey Financial Group, said there two things every business person needs to do. “One: fully fund a pension plan, somehow, some way because retirement depends on their ability to save enough money to be prepared. The other thing is having disability insurance because if you become disabled who’s going to pay the bills? Bills will still come in.”

There are three main concepts and strategies to consider, Shartrand said.

First, as business professionals or owners, clients are urged to target their Financial Independence Day, even if they plan to stay on to help the next generation. “We develop an income plan together,” Shartrand said. “We work with our clients to transition from balance sheet-focused to income statement-focused.”

Next, defense and controllables are considered.

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Business Report: Changes To Employer Retirement Plans

Posted onDecember 12, 2022December 12, 2022
Carissa Conley, CPA, co-managing partner, Bucknam & Conley CPAs.

By Carissa A. Conley, CPA

This year has seen a lot of legislative proposals and a lot of speculation, but not too many new changes to employer-sponsored retirement plans. The most recent set of changes came from the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) of 2019. 

Congress has been working on what’s being tagged as the SECURE Act 2.0, but nothing has yet to make it through. From the 2019 legislation, these are the updates that could affect your retirement plan and employees.

• The age at which Required Minimum Distributions (RMDs) must begin is now 72, instead of age 70 ½.

• Long-term part-time employees will be eligible to participate in employer retirement plans after three years of employment. Since this provision went into effect 2021, the earliest their participation can begin is 2024.

• Inherited retirement accounts must now be fully distributed within 10 years and can no longer be stretched out over the beneficiary’s life expectancy. (There are certain exceptions to this for surviving spouses, minor children, disabled taxpayers, or beneficiaries not more than 10 years younger than the participant).

• New parents can withdraw up to $5,000 from eligible retirement plans without incurring the normal early withdrawal 10% penalty – if this is not incorporated into your plan, the employees can still take advantage of this on their personal tax return.

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Business Report: Begin Estate Planning ASAP

Posted onDecember 12, 2022
Eric Scaringe, is a principal at UHY Advisors, Inc.

By Eric Scaringe

Recently, the office of the Illinois state treasurer was tasked with handling one of the most bizarre and complicated unclaimed estate cases ever recorded in U.S. history. 

Chicago resident Joseph Stancak passed away in 2016, secretly leaving behind $11 million in his estate. Fast forward to October 2022, 119 of Stancak’s relatives have now received a portion of his wealth more than five years later.

With no siblings, children of his own, or nephews and nieces, his lineage had to be traced by going all the way back to his parents before coming back to these relatives who are located in multiple states and even countries. That is a life-changing amount of money, and there is not much information on how he accumulated the wealth, but there is an important lesson to be learned here.

The best time to begin estate planning is as soon as possible. It basically starts with going through “what if” scenarios, some financial housekeeping and then bringing in professionals to finalize the process. 

The biggest error you can make is thinking that estate planning is only for those worth tens of millions of dollars and doesn’t apply to your family.  Anyone with assets owned in their own names may be subjecting their heirs to a long and expensive probate court process to simply inherit their assets.

Here are steps you can take to start the process:

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As Business Grows, BST & Co. CPAs Merges With An Albany-Based Accounting Firm

Posted onDecember 12, 2022
Ron Guzior is a managing partner at , BST & Co. CPAs.
Courtesy BST & Co. CPAs

BST & Co. CPAs, LLP, an accounting and management consulting firm, has merged with O’Connor & O’Connor CPAs, an Albany-based accounting firm that has served clients in the Capital Region and beyond for more than half a century.

O’Connor & O’Connor CPAs offers a variety of professional accounting, financial and tax services to businesses and nonprofit organizations. The team, comprised of four CPAs and administrative staff, counts small businesses, professional service firms, professional athletes, medical practices, real estate agencies, and individuals among its clients. 

As the business has grown, its needs have evolved, prompting leadership to seek a like-minded business partner poised for exceptional future growth.

“BST is thrilled to join forces with O’Connor & O’Connor CPAs, whose culture, clients and reputation are second to none. John and I have known each other professionally and socially for 35 years and we are excited for our firms to come together at this time,” said Ron Guzior, BST & Co. managing partner. “We are confident that the many years of expertise the veteran tax specialists from O’Connor & O’Connor bring to our team will benefit our existing clients and enable us to cultivate deeper relationships through expanded solutions for O’Connor & O’Connor clients.”

O’Connor & O’Connor CPAs was originally established more than five decades ago as a part-time practice under the sole leadership of John V. O’Connor Sr., a full-time professor of accounting and taxation at UAlbany and Siena College. After earning his degree from St. Bonaventure University and getting licensed as a Certified Public Accountant, his son John V. O’Connor Jr. joined the firm in 1981. 

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Her Rock Jewelry In Saratoga Springs Specializes In Diamond Engagement Rings

Posted onDecember 12, 2022
Breanna Chiarello is the owner of at Her Rock Jewelry, recently opened at 10 Lake Ave. in Saratoga Springs which specializes in diamond engagement rings.
4 Courtesy Saratoga RV Park

By Jill Nagy

Breanna Chiarello calls herself a “jewelry concierge.”  

She is in the business of helping people turn their jewelry ideas into reality at Her Rock Jewelry, recently opened at 10 Lake Ave. in Saratoga Springs.  

Chiarello interviews prospective customers about their preferences and price range and then meets with them in person. At the meeting, she presents some stones and sample settings that meet the customer’s specifications. After the customer chooses the desired combination, the jewelry is made to order and delivered in three to four weeks. 

The shop sells about 30 rings monthly, Chiarello estimates.

She tries to provide a quiet intimate setting for the meetings. Her suite of offices includes a conference room, a showroom, and her office.

Her Rock specializes in diamond engagement rings, most of them sporting “lab diamonds,” which are manufactured in New York City, not dug out of the ground. 

Read More

Business Briefs: December 2022

Posted onDecember 12, 2022

The Ballston Area Community Center (BACC) has received a $2000 grant from the Adirondack Trust Co. Community Fund for its 2023 Universal Pre-Kindergarten (UPK) program. The grant monies will be used to fund the use of Chromebook and/or iPad technology in the UPK classroom.

BACC board member Molly Pezzulo attended a reception at Longfellow’s Restaurant in Saratoga Springs on Dec. 1 and was honored to accept a check on behalf of the BACC.

***

 The 36th annual Stewart’s Holiday Match Campaign kicked off on Thanksgiving Day and runs through Christmas day at all shop locations. 

The program supports nonprofit organizations impacting children. To date, it has raised nearly $34 million for children’s charities.

Last year, customers donated over $1 million to the program, doubling to more than $2 million with the Stewart’s match. The funds were able to support 1,716 local children’s organizations across the 32 counties where Stewart’s Shops are located.

Local organizations impacting children are encouraged to apply for funding online. The deadline for submission is Jan. 31. All groups applying must be locally based, benefit children under 18, and be a qualified, charitable 501c3 organization. 

All donations are tax-deductible. Stewart’s  accepts funds from groups or businesses, but only matches individual donations.

***

Read More

‘Skin By Ask’ In Saratoga Springs Offers Facial Skin Treatments, Products And More

Posted onDecember 12, 2022
Andrew Kelly owns Skin By Ask, a medical spa at 29 Church St. in Saratoga Springs.
©2022 Saratoga Photographer.com

By Jill Nagy

Memories of teenage skin problems were part of the motivation for Andrew Kelly to become an aesthetician specializing in skin care. He recognized the need to de-stress and take time for self-care and the importance of diet in treating skin problems. 

Today, he is the proprietor of Skin by Ask, a new medical spa at 29 Church St. in Saratoga Springs.

Kelly has been in business as an aesthetician for six years. He has clients in the Saratoga area and in New York City. He has also continued offering virtual treatments, something he developed during the COVID lockdown but has continued for clients who prefer to do their own care under his guidance.

He terms his business a combination of a day spa and a medical spa. He offers facials, nonsurgical facelifts, laser treatment, skin tightening, microneedling, and other treatments. In microneedling, a matrix of tiny pulsating needles are intended to stimulate the production of collagen. 

Two common problems Kelly deals with are hyper pigmentation, a skin discoloration, often following pregnancy, and rosacea, a condition that causes the skin to redden, especially on the nose.

Read More

Zobel & Co. Kitchens Gets Two Awards From Area Builders And Remodelers Association

Posted onDecember 12, 2022
Arthur Zobel, president of Zobel & Co. Kitchens, holds the two awards his company received from the Capital Region Builders and Remodelers Association at an event in Saratoga.
Courtesy Zobel & Co. Kitchens

Zobel & Co. Kitchens, a custom kitchen design firm, received the Best Kitchen Design $80,000-$119,000 and Best Kitchen Design $120,000-plus awards from the Capital Region Builders and Remodelers Association (CRBRA) .

The awards were presented at the annual Best of Building awards night in November at the Canfield Casino, Saratoga Springs.

The first project recognized was a Malta kitchen that features rich walnut cabinetry, Calacatta Arno Quartz slab back splash and counter tops, and a stunning Vermont Verde Antique countertop on the island. The new kitchen features generous amounts of light, storage and organization, floating shelves, and a closet converted into a pantry.

The second project awarded to Zobel & Co. Kitchens is a Saratoga kitchen that combines the working side of a kitchen with a large six-person dine-in island and completed with a large wet bar area featuring wine storage and a beverage refrigerator. White cabinetry defines the cooking and eating area, while smokey grey cabinets showcases the bar. The design incorporates the family’s desire to entertain comfortably while having ample room for food prep and cooking.

Read More

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