Jon Schwalb from Repeat Business Systems and Kristen Berdar from BST Virtual Accounting Solutions host a 30-minute webinar on cloud-based security concerns.

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.

The Valuation, Forensic Accounting & Litigation Support team sponsored the Family Law Section of the NYSBA Annual Meeting on January 28, 2021.

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.

BST Partner John Gross appeared on WRGB discussing how unemployment benefits might impact local tax returns this year.

Judy Cahee and Bob Canterbury answered financial questions with WAMC's Ray Graf hosting.

Jim Lozano, Partner in charge of the CFO for Hire division of BST & Co. participated in a webinar hosted by the NYS Bar Association.

ALBANY, New York – January 13, 2021 – BST & Co. today announced that Kimberly Wright has been appointed partner in the tax department at the Capital Region-based financial and management consulting firm. Wright formerly served as senior tax manager and originally joined BST in 2008.

While we all celebrated the end of 2020 with renewed hope for what 2021 will bring, it is clear that at least the beginning of this year still has its challenges for many. Fortunately, The Economic Aid Act provides for a second stimulus program for businesses, not for profits and other types of organizations.

In the recent COVID-19 Relief Act the government provided an opportunity for businesses to retroactively qualify for certain employee retention credits (“ERC”) even if they utilized the PPP loan program.

As so many small businesses hoped for, on Sunday, December 27th, President Trump signed the Consolidated Appropriations Act of Fiscal Year 2021 which confirms the relief that was originally intended by the CARES Act: expenses funded with proceeds from forgiven PPP loans are deductible!

It’s that time of year when your mailbox is full of holiday greetings and heartfelt wishes as well as year-end tax planning tips.

Forms for various tax situations

While the CARES Act provides for the exclusion of any loan forgiveness amount from gross income, it fails to address the treatment of the expenses funded by those proceeds.

Virtual Accounting Solutions handles the accounting needs for businesses of all sizes across many industries. In this live case study, business owners will share how Virtual Accounting Solutions helped them.

With many workers still remote and gathering restrictions increasing as infection rates rise, 2020 is absolutely the year to re-imagine the company holiday party.