2018 Year-End Year-Round Tax Planning Guide

Founded in 1970, Wiltsie Construction Company, Inc. is a multidisciplinary business providing comprehensive steel fabricating, field construction, and mechanical maintenance services to clients across a range of industries, including the power, chemical, petrochemical, refining, pharmaceutical, food and beverage, and metals and minerals industries.

Beyond the 100th Issue: The Focus Newsletter

(Oct, 2018)

As we celebrate over 100 issues of The Focus, we are sharing some of the history behind of our monthly newsletter. The Focus was created in June 2009 as a way to connect and engage with our clients.  We now have a reach of close to 800 subscribers and have written 182 tax articles to date.  What makes our newsletter so unique is that all of our articles are written in-house by our own Partners/Principals, Senior Managers/Managers, and Senior Associates/Associates.  It is a publication not just of the firm, but by the firm.

Business Year-End Tax Planning in Light of the 2018 Tax Reform Act

(Oct, 2018)

The Tax Cuts and Jobs Act (TCJA) has made some major changes to the tax provisions effective in 2018. Some of the major provisions include:

Maximizing Charitable Deductions Using Your IRA

(Oct, 2018)

Many provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) have received controversial reporting, perhaps none more so than the changes and limitations applicable to various itemized deductions.  New limitations related to the deductibility of state and local income and property taxes, as well as the related increase in the standard deduction amount, will convert many historical "itemizers" to users of the increased standard deduction.  These taxpayers will no longer deduct their charitable contributions.  This conversion has also led to many taxpayers considering scaling back their charit

CPA Client Bulletin - October 2018

CPA Client Tax Letter - October/November/December 2018

Beyond the Numbers: Elaine Gott

(Sep, 2018)

Elaine Gott recently joined Dermody, Burke & Brown as an Associate in the Syracuse office.  She specializes in bookkeeping and consulting services and works closely with clients to help resolve accounting issues.  Prior to joining the Firm, Elaine worked as a Bookkeeper for a variety of professional service companies and brings over 20 years of experience to Dermody, Burke & Brown. 

She received a Bachelor of Science degree in Financial Services from Columbia College Hancock Air Base, Syracuse. Elaine resides in Fayetteville.

Do You Need a Business Valuation?

(Sep, 2018)

Today’s “baby boomers,” age 53 and over own the majority of businesses in the United States and the majority of them do not have a clear cut “exit strategy” or “succession plan.” The following are some of the difficult questions that the “boomers” are finding themselves confronted with.

529 Savings Plans

(Sep, 2018)

Cooler temperatures, changing leaves, and back to school - fall is certainly here.  While your little ones may be off to start the new school year, now might be the perfect time to begin planning for their future education.  One of the best ways to financially prepare for college is through the use of a 529 Savings Plan.  At the core, a 529 Plan is a tax-advantaged way to save for future education.  The Tax Cuts and Jobs Act (TCJA) made some changes to expand 529 Plans which now also allows savings to be used for K-12 education (more on this later).

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