Norman Bailey, CPA P.C.

01/25/2018

https://www.washingtonpost.com/news/posteverything/wp/2018/01/25/why-it-costs-so-much-to-be-poor-in-america/?hpid=hp_hp-more-top-stories-2_posteverything-poor-1230pm%3Ahomepage%2Fstory&utm_term=.4322f8a191e3

Bank of America's new fees for customers with low balances are one of many penalties people pay for being poor.

09/30/2016

Workers, including children, labor in harsh and dangerous conditions to meet the world’s soaring demand for cobalt, a mineral essential to powering electric vehicles, laptops, and smartphones, according to an investigation by The Washington Post.

09/10/2016

New York State is seeking to give a boost to its nonprofit sector through the recently announced Nonprofit Infrastructure Capital Investment Program (NICIP). The goal of this program is to make targeted investments throughout the State in capital projects that will improve the quality, efficiency, accessibility and reach of nonprofit human services organizations. In order to be eligible for funding, organizations must provide direct services to New Yorkers through State contracts, State payment rates, or State authorized payments.

This is great news for many nonprofit organizations that often find it difficult to make investment in long term capital improvements. Budgets are generally financed through program centered funding arrangements which usually do not accommodate the investments needs being catered to under NICIP. This grant was initially a $50 million appropriation in the State’s 2016 fiscal year budget, but partly as a response to the higher than expected demand the amount available was increased to $100 million and is now being made available as part of the fiscal year 2017 budget. Additionally, a new procurement process was established which changed deadlines for the application and evaluation process. The revised RFA was released on August 5,2016, applications must be submitted through the Grants Gateway system by September 29, 2016 at 3pm.

Projects eligible to be funded by NICIP must fall in the following categories:
• Technology upgrades that improve electronic records, data analysis, or confidentiality;
• Renovations or expansions of space used for direct program services;
• Modifications to make spaces more sustainable and energy efficient resulting in overall cost and energy savings; and
• Accessibility renovations.
Applications that have been previously submitted in response to the original $50 million appropriation will not be up for consideration and must be re-submitted. The anticipated award date is November 1, 2016 and the estimated contract start date is March 1, 2017.
Further information about this grant is available by accessing the Grants Gateway portal https://grantsgateway.ny.gov/IntelliGrants_NYSGG/module/nysgg/goportal.aspx?NavItem1=2

08/28/2016

http://www.bloomberg.com/news/articles/2016-08-23/mcmansions-define-ugly-in-a-new-way-they-re-a-bad-investment

Shoddy construction, ostentatious design—and low resale values.

12/20/2015

https://www.washingtonpost.com/business/get-there/when-it-takes-two-to-plan-for-retirement/2015/12/18/6874af2a-a2ab-11e5-9c4e-be37f66848bb_story.html?hpid=hp_hp-more-top-stories_brooks-915pm%3Ahomepage%2Fstory

Couples need to talk about the future and pay attention to the details to avoid big pitfalls later in life.

12/18/2015

http://www.bloombergview.com/articles/2015-12-17/martin-shkreli-accused-of-being-surprisingly-good-at-fraud

But what will happen to his secret Wu-Tang album?

12/17/2015

http://www.bloomberg.com/features/2015-martin-shkreli-securities-fraud/

32-year-old suspected of plundering Retrophin to pay debts

12/17/2015

http://www.forbes.com/sites/joemckendrick/2015/12/17/cloud-computings-lets-roll-up-our-sleeves-and-make-this-stuff-work-moment/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202015-12-17%20CIO%20Dive&utm_term=CIO%20Dive

Every technology approach goes through a series of phases, going from a combination of curiosity and nay-saying to over-the-top hype to just a daily part of business. Gartner has it's own set of terms for this, going from the peak of inflated expectations to the trough of disillusionment, finally mo…

12/17/2015

http://www.bloomberg.com/news/videos/2015-12-17/how-will-fed-rate-hike-impact-the-u-s-economy-

Point72 Asset Management Chief Economist Dean Maki discusses the Fed rate increase and economy. He speaks on "Bloomberg ‹GO›." (Source: Bloomberg)

11/26/2015

http://www.forbes.com/sites/anthonynitti/2015/11/11/the-top-ten-tax-cases-and-rulings-of-2015-tax-free-parsonage-allowance-gets-a-second-life/?utm_source=followingimmediate&utm_medium=email&utm_campaign=20151111

It’s finally over. The October 15th tax deadline is behind us, which means tax practitioners have mercifully finished their filings for the year. Unless of course, you chose to make your career in the not-for-profit world, in which case you deserve the extra month of misery. On October 19th, thousan…

11/25/2015

http://www.slideshare.net/TPG_Direct/master-health-insurance-marketing

Combat the confusion surrounding the changes associated with Heath Care Reform and make sure your marketing plans are suited to thrive in this new environment.…