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The Fraud Landscape in 2021 and Beyond

The Covid-19 pandemic has affected the level of fraud and how organizations are tackling it. The Association of Certified Fraud Examiners (“ACFE”) in its report, The Next Normal: Preparing for a Post-Pandemic Fraud Landscape, found that 51% of organizations polled have uncovered more fraud since the pandemic began.

Behavioral Red Flags of Fraud

Recognizing the behaviors displayed by fraudsters can help organizations more effectively detect fraud and minimize their losses from the misappropriation of corporate assets.

Internal Control Weaknesses that Contribute to Occupational Fraud

Various factors can facilitate a perpetrator’s ability to commit and conceal fraud schemes at organizations.

Anti-fraud Controls at Organizations

Proactive anti-fraud controls play a key role in an organization’s fight against fraud. While the presence of these mechanisms alone does not ensure that all fraud will be prevented, management’s commitment to and investment in targeted prevention and detection measures sends a clear message to employees, vendors, customers, and others about the organization’s anti-fraud stance.
House passes infrastructure legislation; sends bill to President Biden

House passes infrastructure legislation; sends bill to President Biden

Bipartisan infrastructure bill passes House with bipartisan vote. President Biden expected to sign by end of next week.
IRS releases 2022 retirement plan limitations

IRS releases 2022 retirement plan limitations

The IRS has released its annual cost-of-living adjustments for retirement plan limits, effective Jan. 1, 2022.

Can Your Business Afford to Borrow Money?

Before your business borrows money, you need to know your current cash flow. You also need an accurate cash flow projection, which is made possible by the latest accounting software solutions.
The American labor market, business and the post-pandemic economy

The American labor market, business and the post-pandemic economy

Widespread labor shortages are hampering companies’ ability to capitalize on an expanding economy as the country recovers from a pandemic.
How $15 an hour became the de facto minimum wage

How $15 an hour became the de facto minimum wage

The shock to the economy unleashed by the pandemic and the response by workers have radically transformed the wage-earning landscape.

Five Fraud Tips Every Business Leader Should Act On

Organizations worldwide lose an estimated 5 percent of their annual revenues to fraud, according to the Association of Certified Fraud Examiner’s (“ACFE”) 2020 Report to the Nations Global Study on Occupational Fraud and Abuse.
Build Back Better Act – What is in and what is out?

Build Back Better Act – What is in and what is out?

After intense negotiations, some provisions were eliminated while others were rewritten in an effort to appease all Democratic members.

Look for These Four Soft Skills in CFO Candidates

When searching for a new CFO, look beyond their technical skills to determine whether they have soft skills like honesty and resiliency that are necessary to represent your business well and build a positive environment that leads to continued success.

Tax Newsletter: October 2021

In BST's tax newsletter: RSM Tax Insights, Lockdown on Federal Tax Proposals for Individuals and Businesses, Tax Consequences of Offering Innovative Benefits, How are Traditional IRA Withdrawals Taxed, What's and IP PIN and Should You Have One for Protection, Learn the Tax Score for Fantasy Sports.

BST Featured in Albany Business Review Article Regarding How BST Grew its Virtual Accounting Division to $1M in Revenues

BST & Co. has seen major growth in its 100% virtual accounting division in the last two years, building on a trend of small businesses outsourcing some or most of their accounting services.