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IRS cracking down on abuses of microcaptive insurance

Forming a small insurance company known as a microcaptive can be a great way for small businesses to reduce insurance costs and realize tax savings. Abusive microcaptive arrangements, however, have attracted scrutiny from Congress and the IRS. Last month, the ...

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S corp or C corp? Decisions pile up when creating a startup

If you haven’t been downtown recently, you might think you are in another city. Emerging from the shadows of the major Rochester corporations of yesteryear is a flurry of startup businesses. One need only have headed downtown in the past ...

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Competition key to success of regional economic development councils

Last month, I was pleased to accept Gov. Andrew Cuomo’s appointment as co-chair of the Finger Lakes Regional Economic Development Council. The appointment came as Wegmans Food Markets Chairman Danny Wegman stepped down as co-chair after nearly seven stellar years ...

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A courageous coach’s courage lives on long after his death

Mike Fennell put down the cheeseburger he’d been munching on and removed his beige Jimmy V Foundation baseball cap. He dragged his right hand across a head rendered bald by numerous chemotherapy sessions. “You want a positive, well, I’ll give ...

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Profile: Jim Iglewski appointed to lead Key Private Banking

On the horizon for KeyBank’s presence in Western New York are goals of expansion, philanthropy and tapping into a market ripe for a revitalization. From the acquisition of long-standing private banking staple First Niagara in late July 2016 to the ...

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For 100 years, Harley has led the evolution of education

It would have been hard to predict that a small preschool started a century ago would not only remain through the decades but develop into the Harley School, a 500-student independent preparatory school that supports students until 12th grade. The ...

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In an era of constant flux, Kyle Williams remains a constant

It had been a superb bounce-back season for Kyle Williams, a season in which the burly Buffalo Bills defensive tackle rebounded from a leg injury to earn his fifth Pro Bowl invitation. But the greater reward—the one he’d been yearning ...

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A mom remembers a son who helped inspire a miracle

Amanda Sparrin vividly remembers how excited her son, Bryson, was when she signed him up to play Challenger Little League Baseball in Webster in the spring of 2010. The charismatic five-year-old, known to everyone he met simply as “B,’’ couldn’t ...

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Passamonte, Mount Morris fete pro baseball’s first star

Gary Passamonte is like a pesky hitter who keeps fouling off pitches in hopes of eventually getting one he can smack for the game-winning hit. In this metaphor, his prolonged at-bat is a cause he’s pursued for nearly three decades. ...

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