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Jim Lozano Gives Business Recovery Advice on CBS 6 News

Jim Lozano discusses business recovery with CBS 6 News

5 Reasons to Choose BST’s Virtual Accounting Solutions

BST Virtual Accounting Solutions stands out because of the relationships we build, the advanced services we provide and the unique dashboards we create.

Big Changes to the Child Tax Credit for 2021

The American Rescue Plan Act (ARPA) significantly liberalizes the rules for the federal child tax credit, which means more money in the pockets of eligible parents this year. However, the liberalizations are only for the 2021 tax year. Here's the story.

Eligible Parents Will Begin Receiving Advance Child Tax Credits July 15

The 2021 advance child tax credit (CTC) payments, which were established under a recent law, will begin being made on July 15, 2021, the IRS announced. The tax agency also stated that "roughly 39 million households — covering 88% of children in the United States — are slated to begin receiving monthly payments without any further action required."
Renting vs. Buying an Accountant

Renting vs. Buying an Accountant

Businesses of all kinds can benefit from “renting” an accountant, or outsourcing to a trusted provider. Compared to the costs and hassles of employing an accountant, outsourcing is so easy and efficient that businesses can’t afford the alternative.

John Gross Gives Last Minute Tax Tips on CBS 6 News

John Gross provides last minute tax planning tips.

Michelle Muir Provides Advice on Fraudulent Unemployment Claims

Michelle Muir was interviewed by CBS 6 News on fraudulent unemployment claims.

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.

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.

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.

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.

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.

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.

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.

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.