Dermody, Burke & Brown Accountants GO RED FOR WOMEN

Employees of Dermody, Burke & Brown dressed in red and enjoyed heart-healthy snacks on February 6, 2015 in honor of National Wear Red Day.  Along with the GO RED FOR WOMEN celebration, Franklin Fry, Executive Director of the American Heart Association, presented Dermody, Burke & Brown with a plaque for the Firm’s recent recognition as a Platinum-Level Fit-Friendly Worksite.  This is the second year the Firm received Platinum-Level recognition for its wellness initiatives.

Accountants take the Polar Plunge at the B'ville Big Chill

Employees of Dermody, Burke & Brown took the icy plunge into the Seneca River as TEAM DB&B ICE BREAKERS for the Baldwinsville Big Chill on Saturday, January 31. This is the third year Dermody, Burke & Brown has participated in the Polar Bear Plunge and the team raised over $1,000 in donations to benefit the Greater Baldwinsville Chamber of Commerce and the Ronald McDonald House Charities of Central New York.

View photos from the event on our Facebook page.  

Kane, Bowles & Moore Joins Dermody, Burke & Brown

Effective January 1, 2015, Kane, Bowles & Moore, P.C., a Liverpool-based accounting and consulting firm, will merge with Dermody, Burke & Brown, CPAs, LLC, one of the largest locally owned and independent CPA firms in Central New York, and will operate under the Dermody, Burke & Brown name.


"We are very excited about this merger as it brings together two excellent firms in Upstate New York."


Staff of Dermody, Burke & Brown can expect:


100% of initial Costs associated with your CPA Exam will be covered by the Firm, including registration, exam fees and review materials, such as the Becker Review Course.

Excellent Paid Time Off as well as Nine Paid Holidays.

Competitive Starting Salary with the Central New York Market.

Health Insurance partially subsidized by the Firm.

Health Savings Account Benefits.

CPA Client Bulletin - December 2018

The “Tax Cuts and Jobs Act” and its Impact on Income Taxation of Estates and Trusts

(Nov, 2018)

For tax years beginning in 2018-2025, estates and trusts are subject to four tax brackets:  10%, 24%, 35% and 37%.

New Rates and Thresholds - (2018 – 2025)

  • 10% - $0 - $2,550
  • 24% - $2,551 - $9,150
  • 35% - $9,151 - $12,500
  • 37% - Over $12,501


Capital Gains and Qualified Dividends Rates Retained

  • 15% Beginning at $2,601
  • 20% Beginning at $12,700

Qualified Business Income Deduction

An Update on the Qualified Business Income Deduction Under IRC §199A

(Nov, 2018)

The qualified business income (“QBI”) deduction has been one of the most talked about aspects of the Tax Cuts and Jobs Act. In our May Focus article, we took a look at how to calculate the 20% deduction, but there were many questions that we didn’t have answers to at that time. Are rental properties considered trades or businesses? Are architects and engineers considered a specified service trade or business? What happens when taxpayers have businesses that generate negative QBI? How can taxpayers qualify to aggregate multiple trades or businesses?

Beyond the Numbers: Nick Marinelli

(Nov, 2018)

Nick Marinelli recently joined Dermody, Burke & Brown as an Associate in the Syracuse office.  He works in the Auditing and Accounting department at the firm.

Nick received a Bachelor of Science degree in Accounting from State University of New York (SUNY) at Oswego.  He has previous experience in the Public Accounting industry and is working to complete the certification process to earn his designation as a Certified Public Accountant (CPA). Nick resides in Auburn, New York.

You can reach Nick at 315.471-9171 or

Cost of Living Adjustments for 2019

(Nov, 2018)

The IRS has released the Cost of Living Adjustments for 2019.  Many of the dollar limitations relating to qualified retirement plans have been increased, along with other retirement-related items.

Important Changes for 2019:

CPA Client Bulletin - November 2018