BST is a multi-disciplinary accounting, tax and advisory firm serving the needs of closely held companies, family-owned businesses, not-for-profit and governmental entities and high-net-worth individuals. BST offers a broad portfolio of accounting and auditing, tax, consulting and wealth management services, as well as valuation, forensic accounting and litigation support. BST’s expertise spans a range of industry niches, including real estate, construction, manufacturing and distribution, employee benefits, retail, medical and professional services, not-for-profit and government.
In the COVID-19-ravaged economy, debts can pile up beyond a borrower's ability to repay. Lenders sometimes may be willing to forgive (or cancel) debts that are owed by certain borrowers. While debt forgiveness can help struggling borrowers survive financially, it can sometimes trigger negative tax consequences. Here's what borrowers need to know about the tax implications of so-called "cancellation of debt" (COD) income. Read More
ALBANY, NY – October 21, 2020 – BST & Co. today announced a series of new appointments and promotions within several departments at the financial and management consulting firm. Read More
Robert Canterbury from BST Wealth Management presents Pre-election Planning and Strategy. With the presidential election rapidly approaching, now is a good time to evaluate your Read More
No matter what any of us have tried to accomplish in 2020, it certainly has been harder to achieve. That is the case for not-for-profit organizations, which depend on charitable giving to support their mission. If you are philanthropically minded and planning to support your favorite non-for-profit, the CARES Act made some changes to the deduction rules that reward you for your generosity. Read More