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.

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.

BST Adam Lawrence featured on Spectrum News discussing what organizations should think about when bringing employees back to the office.

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.

BST Partner James Lozano was featured in Albany Business Review article on the PPP loan window for smallest businesses.

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.

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.