John Gross provides last minute tax planning tips.
Posted on May 6, 2021
Michelle Muir Provides Advice on Fraudulent Unemployment Claims
Michelle Muir was interviewed by CBS 6 News on fraudulent unemployment claims.
Posted on May 4, 2021
Your Bookkeeper Is Costing You a Bundle
Retailers, car wash businesses, and other companies are paying too much to their bookkeepers. A smarter way forward is outsourcing full accounting functions to a trusted provider.
Posted on April 23, 2021
Robert Canterbury Provides Advice on Tax Planning on CBS 6 News
With the income tax deadline fast approaching on May 17, tax refunds will be hitting many of our bank accounts, while some others may need to make a payment. Since our 2020 taxes are top of mind, now is the time for 2021 Tax Planning.
Posted on April 19, 2021
The Best Small Businesses are in the Cloud
If you’re running your small business’ accounting functions on a desktop, you’re running out of time. Cloud-based accounting solutions offer better scalability, as well as real-time visibility, and other features that give your business room to grow.
Posted on April 13, 2021
Tax Newsletter: April 2021
BST's tax newsletter. In this issue: Which Start-Up Costs Are Deductible for Federal Tax Purposes, Employee Retention Credit: New Angles for Nonprofits, Tax Breaks for Green Manufacturers Are Expanded, PPP Application Deadline Extended in New Law, COVID-19 Relief: Overview of the New American Rescue Plan Act, and Employees Now Enjoy Even Greater Flexibility with FSAs.
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.