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.
Effective internal accounting control reduces the risk of asset loss and helps ensure that accounting processes are complete and accurate. Additionally, these controls ensure that financial statements are reliable and financial operations are conducted in accordance with the provisions of applicable laws, regulations or shareholder requirements. Read More
Recently the SBA has updated its web page to reorganize their PPP Forgiveness FAQ’s section so that it is broken down into sections listed below; Read More
On August 29, the U.S. Department of the Treasury released Notice 2020-65 in response to President Trump’s executive order allowing employers to defer the employee share of Social Security tax (6.2%) withheld from September 1 through December 31, 2010. Payment of those deferred taxes would be paid by the employer ratably, through paycheck withholdings, during pay periods from January 1, 2021 and April 30, 2021. Read More