Posted onMarch 1, 2021
CAA Offers Tax Breaks for Manufacturers
The Consolidated Appropriations Act (CAA) — the massive spending package passed in December 2020 — includes many provisions designed to help small businesses that have been struggling during the COVID-19 pandemic. Specifically, the new law contains the following seven tax-related provisions that may be of particular interest to manufacturers.
Posted onFebruary 25, 2021
BST Partner featured in Albany Business Review article on the PPP loan window for smallest businesses
BST Partner James Lozano was featured in Albany Business Review article on the PPP loan window for smallest businesses.
Posted onFebruary 25, 2021
BST's Timely Tax Tidbits
BST's tax newsletter. In this issue: 5 Valuable Tax Credits for 2020 Individual Returns, Nonprofits Need to Educate Donors About New Tax Benefits, CAA Offers Tax Breaks for Manufacturers, Is It Time for a Roth Conversion? and more.
Posted onFebruary 18, 2021
Webinar Recording: Cloud-based Security Concerns
Jon Schwalb from Repeat Business Systems and Kristen Berdar from BST Virtual Accounting Solutions host a 30-minute webinar on cloud-based security concerns.
Posted onFebruary 10, 2021
Jim Cole Featured in WRGB Coverage of GameStop Taxes
BST partner, Jim Cole, was a featured tax expert in a WRGB Channel 6 story on the 6 pm news on the tax implications of the recent events involving GameStop stock sales.
Posted onFebruary 1, 2021
BST's VFL Team Sponsored the Family Law Section NYSBA Annual Meeting
The Valuation, Forensic Accounting & Litigation Support team sponsored the Family Law Section of the NYSBA Annual Meeting on January 28, 2021.
Posted onJanuary 28, 2021
Bob Canterbury Shares His Analysis of the GameStop Situation for Local News
Bob Canterbury shares his analysis of the GameStop situation appearing on three of the four local TV stations: WNYT NBC 13, WRGB CBS 6 and WTEN ABC 10/WXXA Fox 23. His commentary was also featured in a front page story in Friday’s print edition of the Times Union.
Posted onJanuary 26, 2021
John Gross Appears on WRGB Story on Pandemic Unemployment Benefits
BST Partner John Gross appeared on WRGB discussing how unemployment benefits might impact local tax returns this year.
Posted onJanuary 19, 2021
BST gives Financial Advice for the New Year on WAMC
Judy Cahee and Bob Canterbury answered financial questions with WAMC's Ray Graf hosting.
Posted onJanuary 15, 2021
Jim Lozano Answers Questions on PPP on NYSBA webinar
Jim Lozano, Partner in charge of the CFO for Hire division of BST & Co. participated in a webinar hosted by the NYS Bar Association.
Posted onJanuary 13, 2021
BST & Co. announces promotion of Kimberly Wright to tax partner
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.
Posted onJanuary 13, 2021
Paycheck Protection Program Second Draw Loans – What You Need to Know
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.
Posted onJanuary 7, 2021
COVID-19 Relief Act opens back door to Employee Retention Credit (ERC) and loan forgiveness under the PPP
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.
Posted onDecember 23, 2020
From Congress to PPP Borrowers
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!
Posted onDecember 16, 2020
Divorce and Income Taxes – End of Year Considerations
It’s that time of year when your mailbox is full of holiday greetings and heartfelt wishes as well as year-end tax planning tips.
Posted onDecember 15, 2020
Basic 1099 Filing Requirements
Forms for various tax situations