Focus Editorial Committee

The Focus - Our Tax E-Newsletter

Tax Reform Impact on the Standard Deduction & Itemized Deductions

Brittany Becker (Dec, 2018)

The Tax Cuts and Jobs Act (TCJA) has changed some tax provisions, effective in 2018. Several of the individual tax provisions are temporary. Also, many of the provisions expire at the end of 2025 at...

Tax Cuts and Jobs Act Effect on Meals and Entertainment

James F. Sikora, II (Dec, 2018)

The Tax Cuts and Jobs Act (TCJA) passed into law on December 22, 2017 affected Section 274 of the Internal Revenue Code (IRC) for meals and entertainment expenses. Under pre-TCJA law expenses for...

Beyond the Numbers: Alyssa Hansen

(Dec, 2018)

Alyssa Hansen, MBA recently joined Dermody, Burke & Brown as an Associate in the Syracuse office.  She works in the Auditing and Accounting department at the firm. Alyssa received a...

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

Paula Ellenberg, CPA, CVA, MST (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 - $2,55024% - $2,551 - $9,15035...

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

Kristi Jeffres, CPA (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%...

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...