If you’re someone who pays quarterly estimated taxes, there’s a critical deadline approaching: January 15th. By this date, you’ll need to have paid at least 90% of your total tax liability for the year to avoid underpayment penalties. These penalties have risen sharply due to higher interest rates. For most of 2024, underpayment interest fees were around 8%, compared to just 3% a few years ago. That difference can quickly add up, making it more important than ever to stay on top of your payments.
Posted on January 2, 2025
Representation matters to your bottom line
I got my first pair of hearing aids when I was 16. They didn’t last long because my Bichon Frise chewed them, but that’s a story for another time. In college, when upset about my hearing, or lack thereof, I imagined what people I knew would look like with hearing aids. At first, I thought I wanted people to understand what it was like to be hearing impaired. Then I realized I just wanted to look like everyone else. I didn’t want to be different in that way.
Posted on December 11, 2024
Basic 1099 Filing Requirements 2024
Here are the 2024 1099 basic filing requirements.
Posted on October 1, 2024
An exploration of the 5 Ws of Marketing
As the world changes rapidly, so too must your marketing strategy evolve to stay relevant. That doesn’t mean you go after every shiny new marketing trend because other brands do. What it means is you continue to ask the same tried and true questions. You ask them repeatedly, inquiring from diverse viewpoints, to confirm whether your strategy is still on point, or if you have some important work to do.
Posted on September 9, 2024
The Two-Sided Coin
Do you know how much it costs to retain an existing client? Whatever the amount is, I guarantee you it’s less than what it costs to acquire a new client. So why do people focus on acquisition and ignore retention?
Posted on August 5, 2024
Strategic Marketing Drives Business Growth
Strategic marketing is a driving force behind a company’s growth. When things are down, that is the worst time to stop your marketing efforts.
Posted on July 22, 2024
Accounting firms aim for youth
Fewer college students choosing field, but CPA firms make pitch to high schoolers.
Posted on July 15, 2024
Middle Ages Marketing
Too often marketing plans have a narrow definition of target audience, using “audience” as a synonym for “client” or “customer.” It’s critical to think holistically and strategically. Take a few steps back from that target...
Posted on June 28, 2024
BST & Co. adds former Broadview exec to grow marketing division
Latham-based BST & Co. CPAs has added a well-known marketing executive to its growing CMO for Hire division.
Posted on February 7, 2024
Is your brand visible to the right audience?
While on vacation recently, I was looking for a bike to rent and noticed tourists riding a certain brand of bike. It turns out the name on the bike was not the brand of the bike but of a local business. How smart of business to brand the bikes seen by tourists. It got me thinking about my own business and where my brand is visible.
Posted on January 24, 2024
Beneficial Ownership Information Reporting – What You Need to Know
A new filing requirement took effect January 1, 2024, which may affect you if you own a company now or in the future.
Posted on December 4, 2023
Top Five Frauds: Beware and Prepare
As fraudsters leverage increasing opportunities for criminal gain, surveillance and prevention efforts need to keep pace. Understanding which top fraud trends will continue in 2024 allows organizations and individuals to effectively beware and prepare themselves to avoid being caught off guard.
Posted on August 4, 2022
Why You Must Keep Your Eyes on KPIs
Key performance indicators, or KPIs, are critical tools to monitor business health. With Sage Intacct, you can measure and visualize customized KPIs to inform better and more timely decision-making.
Posted on August 2, 2022
Small Businesses May be Eligible NY Tax Credits for COVID-19 Expenses
Enacted as part of New York’s 2022-2023 fiscal budget, a COVID-19 Capital Costs Tax Credit Program (Program) offers $250 million financial assistance to New York State “small businesses”, available on a first-come, first-served basis, which were burdened with a wide range of operational costs incurred due to the COVID-19 pandemic.
Posted on February 7, 2022
Small Business Budgeting During and After COVID-19
The pandemic makes it more important than ever for small businesses to review their budgets on a quarterly basis and update them to keep pace with rapid changes.
Posted on January 21, 2022
BST wins ClearlyRated's Best of Accounting award
Winners of the prestigious Best of Accounting award receive client and employee satisfaction scores that are almost double the industry average, proving that they truly stand out amongst competitors for providing a remarkable client and employee experience.