The Advisor Podcast – Details, episodes & analysis

Almost everything these days is done digitally, which means speed and convenience to everyone. But along with its many benefits comes heightened awareness when it comes to data security. With scammers, phishers, and cyber attackers lurking out there, just one wrong click and your business could be gone. Jen Coleman and Paul Villanueva talk with Michael Garofalo about their Pleasant-Valley-based business, Intelligent IT Designs. They discuss the benefits of using UPS technology and undergoing security awareness training. Paul also explains the future of passwords and some important tips in choosing a good hard drive.
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It is projected that we are about to enter an era of enforcement marked by more stringent enforcement of tax policy, which will raise the bar for small businesses seeking to claim the R&D tax credit. On today’s show, Michael Garofalo sits down with Brad Poris. Brad leads the northeast region of BDO's Business Incentives Group, with a specialization in the research and development tax credit. He discusses lessons learned from the Little Sandy Coal Company case from February 2021, in which the IRS narrowly required the taxpayer to prove a "process of experimentation," but fell shy of meeting the threshold. They also discuss the Chief Counsel Memorandum, released on October 15, 2021, and how it could impact businesses. The R&D credit can be a major tax-saving tool for the right business, but it takes a professional to understand the reporting requirements. With membership in the BDO Alliance, JGS, CPA is equipped to handle these kinds of tax situations and many more.
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Many small businesses these days don't have the resources to increase efficiency and mitigate costs. This hinders them from moving forward and growing because of how much time they are spending on things that can be automated. This is where the power of technology and digital transformation comes in. Join Brian Powers and Andrew Cohen in this discussion about workplace efficiency. Andrew is the CEO and Managing Partner at EVOKE, one of JGS CPA's closest (geographically) affiliates from the Business Resource Network of the BDO Alliance. Andrew builds digital workplace solutions for businesses, especially the small ones.  Brian and Andrew talk about workplace changes and using technology to improve efficiency. Tune in and learn how technology and automation can help companies focus on growth. Also, find out how Andrew brings businesses into the modern age.
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Doing property tax assessments is one crucial area of real estate to determine where your money is going and what it means to you in the future. Since this is quite a complicated process, seeking professional help is never a bad idea. Brian Power talks with Karen Hagstrom from Stenger, Diamond & Glass law firm to share how she helps people in this process. She explains the pitfalls to avoid in residential properties and the misconceptions about reducing home value and taxes. Karen also explores how to approach commercial properties in today’s new normal, where certain municipalities may be hurt because of the fast people relocation and the sudden shift to the virtual scene.
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Social Security definitely offers a lot of retirement benefits, making it an excellent investment for anyone. However, not everyone is properly educated on maximizing how much you can get from it. Brian Powers talks with Jim Blair and Marc Kiner from Premier Social Security Consulting to share the most important strategies to follow to properly navigate Social Security and calculate its benefits. They enumerate tips for various situations, from divorced parents, deceased partners, disabled children, and many more. Jim and Marc also discuss early and full retirement, explaining the benefits either option can offer.
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In this episode of The Advisor Podcast powered by JGS, CPA, we welcome attorney A.J. Iuele of the firm Stenger, Diamond and Glass, LLP. A.J. speaks about the facts and myths of spousal support. Spousal Support also known as spousal maintenance (and formerly called alimony) is money paid from one spouse to the other once a marriage has ended. While the words are different, the meaning is the same.  A.J. reminds us if you are currently going through a divorce, you should be familiar with how maintenance will affect your specific situation. Divorce rates typically rise just after the holiday season. Add a COVID catalyst to the mix and the first quarter of 2021 has the potential to see a dramatic spike in divorce filings. We discuss the components spousal maintenance and what you should be aware of if you are going through this unfortunate situation. If you are facing a divorce, it doesn’t matter what your financial situation is—you undoubtedly have financial concerns. We discuss that before you begin down that path, you should speak with a divorce attorney to find out if such a drastic and final change is the right thing for you. A.J. reminds us that legal counsel can help you to explore other options that may be available to you, such as a legal separation.
We find out in this episode that there are many factors that need to be accounted for before making such a life-changing decision. If you have any questions or would like to speak to schedule a consultation, please contact AJ Iuele at 845-298-2000 or email him ajiuele@sdglaw.com 
A.J. also wrote blog post about this topic. You can check it out here: https://sdglaw.com/the-facts-and-myths-of-spousal-support/  
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Residential leases either as a landlord or a tenant can be difficult during normal times. But now during the COVID-19 Crisis it has added a layer of complication to it. Ian Lindars, attorney with the firm Stenger, Diamond and Glass SDG Law returns to discuss some of the new changes in New York to the law. We last spoke with Ian in July. He discussed new provisions put in place right before the pandemic. We covered the steps of eviction and how it can become a long the process can become based on the specific municipality. Ian stressed the importance of having a precise plan if you are a landlord on how to handle non-payment. He also spoke about now during the crisis landlords and tenants are working together when dealing with issues. There are new laws in place to stop evictions during the crisis. Ian discussed the New York Safe Harbor Act that had been signed into law and then updated right before our recording, if you have a financial hardship due to the crisis you cannot be evicted from your residential lease. He stressed you have to be able to prove the hardship due to COVID-19. And Ian also mentioned that this new law does not include commercial leases. Another significant aspect of this act prevents the landlord from displacing the residents from their home. But landlords can still obtain a judgement if they can’t collect the lease payment. This doesn’t get the money initially but it does protect the landlord and long term will help in negotiations.  Ultimately, Ian mentioned how tenants and landlords need to work together during these tough times. How they need to be practical and approach issues from a business perspective.  Turning to negotiations in your approach before legal action can turn out better in the end.
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In this time of quarantine and isolation, running errands can be the last thing you want to do. Brian Powers’ guest has the solution for you. He sits down with Micah Bennett, the owner of Hudson Valley Concierge Service that offers services that range from picking up groceries to being an extra pair of hands during a busy time. In this episode, Micah shares with us the birth of his business that is proving to be a necessity at this time. At the heart of it is how he is taking his customer service to the next level. Join him in this conversation to hear more about it and how you can apply it to your business.
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Equal parts animal shelter and community resource, the Dutchess County SPCA (DCSPCA) is making a big impact in the Hudson Valley. In this episode of The Advisor Podcast brought to you by JGS, CPA we speak with executive director, Lynne Meloccaro.
With a new leadership team in place, an entirely humane approach and a mission to foster a community where all animals are treated with respect and compassion, the nonprofit organization, located at 636 Violet Avenue in Hyde Park, NY, has reinvented itself. In fact, under its new direction, the DCSPCA has achieved a 95 percent live release rate – an impressive 18 percent increase – and introduced programs to augment its reach in the region.
In late 2018, DCSPCA appointed Lynne as executive director to address the issues that had given the shelter a somewhat rocky recent history. As the former executive director of The American Symphony Orchestra and Bard College’s The Orchestra Now, Meloccaro, a lifelong animal lover, brings decades of professional experience in nonprofit management to the DCSPCA.
For the past two years, she has quietly and diligently worked to improve the standard of care for the animals and to institute managerial best practices. She hired a new team of experienced shelter professionals to help realize the organization’s mission to aid animals in need and support the community of pet owners. This effort has resulted in a host of positive, mission-minded steps. One of the primary goals, and a driving “why” of the DCSPCA, is to secure lasting homes for adoptable pets. This only happens as the culmination of numerous other essential functions: DCSPCA rescues stray and abandoned animals from all over the county; its humane law division seizes animals from abusive situations and prosecutes the abusers; it receives wounded and injured animals and restores them to health; and each year it takes in 700 to 800 kittens born in the wild that would otherwise not survive. 
DCSPCA now offers a variety of new programs to support Dutchess County’s population of pet owners. DCSPCA will board and care for animals free of charge for up to 60 days for people who need emergency housing for their animals when, for instance, owners are hospitalized or had a house fire. DCSPCA works with several community partners such as Grace Smith House, Hudson Valley Hospice, and Mental Health America of Dutchess County to care for the pets of clients of these programs. 
DCSPCA offers special repayment plans for people whose animals require medical attention beyond the means of owners to pay right away. DCSPCA will treat an animal and work out a customized repayment schedule. In this way DCSPCA has been able to save the lives of several dogs and cats and reunite them with their owners.
In partnership with Dutchess County Department of Health, DCSPCA has expanded the number of free rabies clinics it holds to four each year, ensuring a healthier overall population of animals in the county.
The shelter stocks a network of human food pantries with pet food to support people who may be struggling economically. Especially this year, the pet food pantry program has been a critical service to families in need.
 In 2020, DCSPCA embarked on a new initiative to help keep pets in their homes. It has established field teams that will visit the home to address behavioral issues with dogs and cats and educate the owners on how best to work with their animals so that they do not have to give them up.
“The new vision for DCSPCA,” Meloccaro stated, “is not just as a warehouse for unwanted animals, but a community resource center to assist Dutchess County in caring for its animal population.”
Find out more info at https://dcspca.org

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During this pandemic the need is great to re-invent what we take for granted. In this episode of The Advisor Podcast, Gina Sullivan of Revel 32 in Poughkeepsie explains how she her husband Jim and their family have done just that with their event space.  Gina shared with us the history of the building and how they have been working for the last year and a half to renovate a former Masonic Temple into 20,000 square feet of event space. While it is a great space for larger events like weddings, concerts or fundraisers, we discussed how they have had to re-invent during COVID-19. Since it is so large they are able to accommodate guests with enough room for social distancing. Their hope for the space is that clients would rent the space and then customize it as they see fit. Revel 32 has recently hosted events where they partnered with Simply Gourmet for a “pop up” restaurant and other caterers or restaurants to give them opportunities to thrive during this difficult time. And even more recent Chef David Burke is doing events in the space. Revel 32 has also attracted Hudson Valley non-profit organizations to do “out of the box” type of events in the space during COVID-19. Gina and Jim Sullivan have been developing in the area for over 11 years. So, we discussed 40 Cannon Street next to Revel 32 that Gina, Jim and their family renovated. It is home to Kings Court Brewing, 1915 Wine Cellar, Café 40 and 49 apartments. Gina told us their vision for both buildings is to make the community a part of it. Even when it came down to the name they turned to the community on social media to help select it. Their hope is to shine as a beacon for the community during the hard times of a pandemic and the good times that are to come.  To find out more visit their website https://www.revel32.com/
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