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Get Ready for Taxes: Here’s What’s New and What to Consider When Filing in 2022

Get Ready for Taxes: Here’s What’s New and What to Consider When Filing in 2022

The IRS recently issued guidance about topics related to filing individual tax returns in 2022. Here are some key items for you to know.
WTEN’s Tech Crunch Tuesday features Virtual Accounting Solutions

WTEN’s Tech Crunch Tuesday features Virtual Accounting Solutions

On December 21, Kristen Berdar was featured on WTEN's Tech Crunch Tuesday. She discussed how she created BST's Virtual Accounting Solutions five years ago.
Important upcoming deadline for deferred payroll tax

Important upcoming deadline for deferred payroll tax

The first payment deadline for deferred payroll taxes is quickly approaching and employers should be prepared to make payments.
Year-End Planning for Businesses

Year-End Planning for Businesses

With year-end approaching, it is time to start thinking about moves that may help lower your business’s taxes for this year and next. This year’s planning is more challenging than usual due to the uncertainty surrounding pending legislation that could increase corporate tax rates plus the top rates on both business owners’ ordinary income and capital gain starting next year.
Senate Finance releases Build Back Better text

Senate Finance releases Build Back Better text

Senate Finance Committee Build Back Better language largely leaves House Bill unchanged. SALT language omitted as well as billionaires' tax.
Looking ahead to 2022

Looking ahead to 2022

Nearly two years into the pandemic, there are signs that the worst of a once-in-a-century shock to the global economy is beginning to fade.
Test Your 1099 Knowledge

Test Your 1099 Knowledge

Issuing 1099s can be a hassle for small businesses. The recent shift to Form 1099-NEC makes it especially important to test your knowledge ahead of 2021 tax filing deadlines.
Ron Guzior Interviewed on Outsourcing for Small Business

Ron Guzior Interviewed on Outsourcing for Small Business

Ron Guzior was interviewed by the Albany Business Review discussing how outsourcing is the future for small businesses.
IRS releases guidance on Q4 removal of employee retention credit

IRS releases guidance on Q4 removal of employee retention credit

Employers need to react quickly to the new guidance to pay in amounts as if they were incurred on Dec. 31, 2021.
Albany Business Review interviews Ron Guzior and Gary Sancilio About Forming a New Company

Albany Business Review interviews Ron Guzior and Gary Sancilio About Forming a New Company

BST & Co. CPAs has created a new wealth management division called Affinity BST Advisors following a merger between BST Wealth Management LLC and The Affinity Group, a boutique wealth management firm.
Family office constitution: A governance framework built to last

Family office constitution: A governance framework built to last

The keystone of a family office governance framework is a constitution that provides guidance during transitions and times of conflict
IRS releases guidance on timing of tax-exempt income for PPP loans

IRS releases guidance on timing of tax-exempt income for PPP loans

IRS releases Rev. Procs. 2021-48, 2021-49 and 2021-50 to address the treatment of tax-exempt income for PPP loans.
IRS clarifies temporary deductibility of per diem meal expenses

IRS clarifies temporary deductibility of per diem meal expenses

The IRS issued Notice 2021-63, clarifying previous guidance pertaining to the deductibility of food and beverages provided by a restaurant.