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.
ALBANY, New York – January 13, 2021 – BST & Co. today announced that Kimberly Wright has been appointed partner in the tax department at the Capital Region-based financial and management consulting firm. Wright formerly served as senior tax manager and originally joined BST in 2008. Read More
While we all celebrated the end of 2020 with renewed hope for what 2021 will bring, it is clear that at least the beginning of this year still has its challenges for many. Fortunately, The Economic Aid Act provides for a second stimulus program for businesses, not for profits and other types of organizations. Read More
In the recent COVID-19 Relief Act the government provided an opportunity for businesses to retroactively qualify for certain employee retention credits (“ERC”) even if they utilized the PPP loan program. When the CARES Act was enacted last March, businesses were presented with two principal choices that encouraged keeping people employed: utilize the PPP loan program with expectations of loan forgiveness to fund employee payroll and certain overhead expenses OR use the ERC to qualify for a refundable credit of 50% of qualified wages (limited to $10,000 per employee). Read More
As so many small businesses hoped for, on Sunday, December 27th, President Trump signed the Consolidated Appropriations Act of Fiscal Year 2021 which confirms the relief that was originally intended by the CARES Act: expenses funded with proceeds from forgiven PPP loans are deductible! Read More