ALBANY, NY – June 24, 2020 – BST & Co., LLP today announced a series of new staff appointments at the Capital Region-based financial and management consulting firm.

Webster’s Dictionary defines metrics as standards of measurement and, while these are fundamentally quantitative in nature, metrics can also be viewed as pieces and parts of a story.  In this article, we will discuss why metrics matter and how they play an important role in the story of a business.

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.

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.

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.

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.

The coronavirus global pandemic will be an event that will forever reshape our lives as well as our workplaces. Just as procedures changed for boarding airplanes after September 11, 2001, so will the impact of this virus change the way we live and work.

On Friday, May 15, the SBA released its PPP Loan Forgiveness Application. The SBA has created definitive rules for certain items that had some uncertainty during the early stages of this program.

As an organization considers the appropriateness of outsourcing, it may be wise to begin that exploration with a basic explanation of what outsourcing is and is not.

On April 23, the U.S. Department of Treasury issued FAQ No. 31 entitled, “Do businesses owned by large companies with adequate sources of liquidity to support the business’ ongoing operations qualify for a Paycheck Protection Program (PPP) loan?”

In our previous article “SBA Parameters for the Paychecks Protection Program (PPP)” we outlined the general details of the program. Listed below are answers to questions for those individuals that want to participate in the program and are self-employed or are sole proprietors of a business.

On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act, otherwise known as the CARES Act, was signed into law. The CARES Act includes provisions which increase flexibility for in-service plan distributions and enhanced loan rules.

In our previous article "CARES Stimulus 7(a) Loans- A Portion of These Loans Will Be Forgiven", we outlined some of the specific criteria that were in the "CARES" Act. Listed below are the specific parameters that have now been set by the SBA.

On Friday, March 27, 2020, President Trump signed into law the bipartisan Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”).  This article addresses certain key employer tax considerations.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act will provide roughly $2.2 trillion in financial relief to individuals, businesses, not-for-profit organizations, and state and local governments in response to the coronavirus (COVID-19) pandemic. 

During these incredibly unusual and disruptive times, the federal government has made numerous changes and updates that will impact your personal financial situation for you and your family.