Congress passed a $2.2 trillion bill which earmarked $350 billion in funds for Small Business Administration (SBA) loans through the Paycheck Protection Program. The emergency loans are intended to cover payroll, benefits, commissions and similar types of compensation; payments of interest on mortgage obligations or rent; and utilities for qualifying small businesses.

During an economic downturn, financial pressures and opportunities can lead to an increase in fraudulent activity. This can take shape in many forms, including employee embezzlement, fraud by unrelated third parties, cyberattacks, fraud by vendors, financial statement fraud and corruption.

While we currently find ourselves in the grips of a crisis, now is the time to prepare your business for better days ahead. There are a number of key items that a business owner or CEO will need to evaluate as we look ahead to the recovery period.

Yesterday, Treasury Secretary Steven Mnuchin announced that the federal tax deadline for an “Affected Taxpayer” will be extended (delayed) to July 15, 2020, from the traditional deadline of April 15, 2020.

The COVID-19 situation has intensified and evolved rapidly since we communicated with you last week. As a result, BST is moving to a mandatory remote working environment for employees effective today, March 18, until further notice.

You wouldn't perform surgery on yourself. The same holds true when buying a business. Unless you're well-versed in performing a comprehensive financial analysis of a business, it doesn't make sense to buy one without using due diligence and valuation specialist.

The U.S. Department of Labor (Department) is updating and revising its regulations issued under the Fair Labor Standards Act (FLSA or the Act) that provide guidance on determining joint-employer status under the Act.

BST is excited to announce it's second time win as the Albany Business Review's 2019 Best Places to Work!

If you are a small business owner looking for an inexpensive way to add a traditional style 401(k) retirement plan, there is a way.  The IRS has cleared the way for small businesses to join an existing 401k plan with multiple employers and avoid a costly set up for your own separate plan.

ALBANY, New York, September 27, 2019 – BST & Co. CPAs, LLP, one of the Capital Region’s leading financial and management consulting firms, today announced a series of promotions within its audit and accounting department.

Although generally not of primary concern for high net worth individuals, the Social Security retirement benefits that may possibly be available to the former spouse of a well-paid individual can be an important source of supplemental income during retirement years.

The Federal Reserve Bank lowered benchmark interest rates a quarter of a point earlier this week for the second time in as many months. The rate decrease was widely expected, but leaves many wondering: what comes next? Will this be a series of adjustments to boost a sluggish economy or will they leave things alone for the rest of the year?

ALBANY, New York, August 28, 2019 – BST & Co., LLP today announced that Nia LaParl has been appointed partner in the accounting and auditing department at the Capital Region-based financial and management consulting firm.

ALBANY, New York, August 6, 2019 – BST & Co. CPAs, LLP, one of the Capital Region’s leading financial and management consulting firms, today announced that Elizabeth Powell has been appointed to the position of virtual controller within its virtual accounting solutions department.

It was hard to miss the headlines about escalating trade tensions between the U.S. and China this week—and hard not to notice the up-and-down market activity that went along with it. But what, if any, long-term impact does trade policy have on the economy and, by extension, our portfolios? Although it remains to be seen how the events of this latest news cycle will play out, your evidence-based financial plan is built to anticipate and withstand market risk.

The discount for lack of marketability is an often-contested valuation adjustment that requires a particularly detailed process. When calculating any valuation adjustment, an appraiser obviously can't just pick a number out of a hat.