Elder Care Tax Benefits

(Aug, 2017)

It's a great time to be alive. Thanks to advances in technology and modern medicine we are living longer than we ever have before, and that’s a good thing. After all, who doesn't want to spend more time with their loved ones? While living a longer life may bring about more countless joys, it can also result in more complications which can get expensive. Often times when the families of loved ones become caregivers, it places financial burdens on them.

CPA Client Bulletin, August 2017

Beyond the Numbers: Karen Matticio Appointed President of NYSSCPA Syracuse Chapter

(Jul, 2017)

Karen Matticio, CPA, CVA and member/owner of Dermody, Burke & Brown, CPAs LLC has been installed as president of the New York State Society of Certified Public Accountants’ (NYSSCPA) Syracuse Chapter. Matticio began her term on June 1, 2017.

Self-Employment Retirement Plans - The Choice is Yours

(Jul, 2017)

As a business owner, you find yourself making important decisions everyday about how to best operate and run your business.  You may spend countless hours in meetings with both customers and clients, as well as your executive team, to determine the next course of action for the business.  While the operation of your business should be your primary focus, an important decision has to be made as to how best to fund your retirement and whether or not the company will fund a portion of the employees' retirement. 

Acceleration of AMT Credits

(Jul, 2017)

Business owners are faced with many decisions.  “How many employees should I hire?"  “Should I open another location?”  “Which supplier should I choose?"  Even when it comes time to file the annual tax return, there are decisions to be made. It is important for a business owner to be aware of the many elections that are available so that they are able to make educated choices that will produce the most favorable tax outcome.

CPA Client Bulletin, July 2017

CPA Client Tax Letter - July/August/September 2017

CPA Client Bulletin - June 2017

Beyond the Numbers: Shannon Nelson Earns CFE Credential

(Jun, 2017)

Shannon Nelson, CPA, CITP, Member of Dermody, Burke & Brown, CPAs, LLC, successfully completed the certification process with the Association of Certified Fraud Examiners (ACFE) to earn her designation of Certified Fraud Examiner (CFE).

Retirement Plan Record Retention

(Jun, 2017)

We are often asked by our clients how long they must keep records for their company’s retirement plan.  The easy answer is FOREVER, but you don’t have to keep everything and can go paperless with some planning!  If you are the plan sponsor of a retirement plan covered under the Employee Retirement Income Security Act (ERISA), Sections 107 and 209 speak to record retention of employee plans.