Our People |
Grace joined Dermody, Burke & Brown in 2022 with eight years of Marketing and Graphic Design experience in the Private and Not-For-Profit sectors. As the Marketing Manager, she specializes in digital marketing techniques such as content creation and campaign strategy.
Grace holds a Bachelor of Arts degree in Art History from Manhattan College.
John Kilkenny recently joined Dermody, Burke & Brown as a Tax Associate in the Syracuse office. John received both a Bachelor of Science degree in Accounting and a Master of Business Administration degree from State University of New York (SUNY) College at Oswego. Prior to being hired on a full-time basis, he worked as an intern with the firm through tax season in 2020.
Although the PPP loan program ended May 31, 2021, there are many loans that have not gone through the forgiveness process. A borrower can apply for forgiveness once all loan proceeds for which the borrower is requesting forgiveness have been used. Borrowers can apply for forgiveness any time up to the maturity date of the loan, even if repayment has begun.
The March 2020 CARES ACT provided many stimulus opportunities to employers. One of which was the option for employers to defer/postpone the payment of the employer portion of FICA taxes due on wages paid from March 27, 2020 through December 31, 2020. This deferred / postponed the repayment of these taxes until the end of 2021 and 2022. Specifically, 50% of the FICA tax deferral is due December 31, 2021 with the remaining amount due December 31, 2022.
The U.S. Supreme Court’s South Dakota v. Wayfair decision was a landmark case affecting nearly every business, drastically expanding a seller’s obligation to collect sales tax in various states. Three years after the decision, states’ have had diverse reactions and have adopted various enforcement policies. While each state may have its own set of rules, one thing is certain, every business must review and address its sales tax collection obligations.
Economic Nexus
Tetyana Kratochvil recently joined Dermody, Burke & Brown, CPAs, LLC as a Tax Senior Associate in the New Hartford office.
The tax professionals at Dermody, Burke & Brown, CPAs are committed to helping you maximize your income through a variety of tax-saving strategies. As evidence of our dedication to serving as your most trusted advisor, we are proving the 2021 Year-End/Year-Round Tax Planning Guide.
As we approach the hustle and bustle of another holiday season, many of us are beginning to reflect on the whirlwind that was 2021. We often spend the later portion of the year looking back on our cherished memories and celebrating. However, there is a looming consideration that should not be missed: year-end tax planning.
In hopes of making your end to 2021 as smooth as possible, we have compiled several tax-planning ideas to help alleviate the pressure of year-end planning.
Our People |
John joined Dermody, Burke & Brown in 1988 after eleven years in private industry. John has an extensive amount of combined industry and public accounting experience. His experience includes providing comprehensive audit, accounting and consulting services to a wide variety of clients covering many different industries including construction, manufacturing, specialty contractors, transportation companies and professional service firms. John also specializes in employee benefit plan audits.
The tax professionals at Dermody, Burke & Brown, CPAs are committed to helping you maximize your income through a variety of tax-saving strategies. As evidence of our dedication to serving as your most trusted advisor, we are proving the 2021 Year-End/Year-Round Tax Planning Guide.
