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November 18, 2012

Business briefs: Nov. 18, 2012

Services expanded

SARANAC LAKE — Saranac Lake accountant and long-time financial adviser Joseph E. Fiorile, CPA, PFS, is expanding his firm, introducing a cutting-edge, high-tech, comprehensive way of doing business in the Adirondacks. Now named Fiorile Financial Advisory Group, the firm’s mission is to help individuals, professionals and small businesses reach their fullest potential both organizationally and financially.

The group’s mission is achieved by applying a holistic approach that is tailored to the individual needs of each client.

“Most professionals, business owners and managers are so focused on the day-to-day operations and revenue generation that there is seldom an opportunity to step back, assess the bigger picture and determine their organization’s financial health throughout the year,” Fiorile said. “It isn’t until the end of the year when it is too late to change course that they realize the severity of their organization’s financial health. Using the preventative approach, this is the role we play.”

The firm handles all aspects of their clients’ finances including accounts payable and receivable, bookkeeping, banking, payroll, retirement and employee benefits, monthly and quarterly financial reports, quarterly and annual tax remittances, and succession planning.”

For more information, call 891-3290 or visit Joseph@FiorileCPA.com, FiorileFinancialAdvisoryGroup.com and FiorileCPA.com.

Article published

PLATTSBURGH — Dr. Robert Christopherson and James J. Coffey have co-authored an article that appeared in the September/October 2012 issue of Taxation of Exempts entitled “Hedging Property Taxes For Exempt Organizations.”

The article deals with the challenges tax-exempt organizations face from municipalities in terms of being subject to property taxes. It also examines the challenges of municipalities in meeting their financial obligations.

Christopherson is a professor of finance at SUNY Plattsburgh and former chairman of the Finance Department. Coffey is a professor in the School of Business at SUNY Plattsburgh as well as a practicing attorney who represents several municipalities.

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