Read the latest on the impact of COVID-19 and BST's response.

The Benefits of Outsourcing

Outsourcing - put simply - is looking outside of your organization for expertise. Organizations will often bring in external resources for knowledge in areas such as finance, law, HR, or payroll. This article will discuss the potential benefits of outsourcing the accounting and finance functions.  Read More 

Your Personal Finances Haven’t Been Immune to the Pandemic

Pandemics on the scale of the current COVID-19 crisis don’t come along very often. But the damage they cause is almost impossible to escape.  Read More 

IRS Addresses Those Items Thought to Have Slipped Through the Cracks

In late March, the IRS announced that certain taxpayers generally have until July 15, 2020, to file and pay federal income taxes which were originally due on April 15. Since that guidance addressed the imminent and impending April 15 deadline, there were some taxpayers, tax forms, and tax payments that were not covered. Very recently, the IRS issued Notice 2020-23 and has extended this tax compliance relief to additional returns, tax payments, and other actions. As a result, the extension relief now generally applies to all taxpayers (“Affected Taxpayers”) that have a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020 as described below.  Read More 

Benefit Programs Summary

BST & Co.has compiled the following guide to the numerous federal funding and relief programs available to businesses and individuals as a result of the Coronavirus (COVID-19) pandemic. “We are working closely with the business community to explain the options and to help companies get the funding they need,” said BST & Co. Managing Partner Ron Guzior. “This is a confusing time on many levels and we are here to help businesses and individuals navigate these offerings to determine the best fit for their current needs.”  Read More