Posted on April 6, 2021
Why You Need Fractional Accounting
With fractional accounting, businesses pay only for the services they need from experienced finance professionals, which can help businesses reduce costs, scale with ease, and remain focused on core competencies.
Posted on March 31, 2021
PPP Application Deadline Extended in New Law
On March 30, 2021, President Biden signed legislation to extend the application period of the popular Paycheck Protection Program (PPP) through May 31, 2021. This followed a bipartisan 92-7 vote in the U.S. Senate to pass the Paycheck Protection Program Extension Act of 2021.
Posted on March 29, 2021
Which Start-Up Costs Are Deductible for Federal Tax Purposes?
Many people started businesses in 2020, and many others plan to launch new ventures in 2021. Entrepreneurs often have questions about whether business expenses for a start-up can be deducted in the year they're incurred or paid — or whether they must be capitalized and deducted over time. Here's some guidance.
Posted on March 25, 2021
Bob Canterbury Provides Financial Guidance to Callers on WAMC’s Vox Pop
Senior Wealth Advisor, Bob Canterbury, provides financial guidance to callers on WAMC’s Vox Pop. Listen in as he covers topics like the American Rescue Plan – $1.9 trillion Stimulus Package, tax filing deadline extended to May 17th, the New $3 Trillion Biden Proposal, Game Stop, and Bitcoin.
Posted on March 22, 2021
Postponement of 2020 Individual Tax Return Deadline
The Internal Revenue Service and the New York State Department of Taxation and Finance have announced that the individual income tax filing deadline for 2020 tax returns is automatically postponed from April 15, 2021, to Monday, May 17, 2021.
Posted on March 18, 2021
Get Rid of Tax Season Struggles
Every hour businesses spend doing taxes is an hour not spent moving the business forward. Outsourcing accounting and tax preparation can end the tax season scramble and help businesses save money, reduce errors, and devote more time to business-forward initiatives.
Posted on March 10, 2021
Adam Lawrence Featured in Spectrum News on Returning Back to the Office Safely
BST Adam Lawrence featured on Spectrum News discussing what organizations should think about when bringing employees back to the office.
Posted on March 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 on February 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 on February 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 on February 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 on February 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 on February 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 on January 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 on January 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 on January 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.