Thought Leadership E-Articles

New Rules, Greater Benefits:Revisiting the Employee Retention Credit

When the employee retention credit (ERC) was enacted in March 2020, companies that received a forgivable loan under the Paycheck Protection Program (PPP) were prohibited from claiming the credit. As...

Spend Less Time on Accounting and More Time Focusing on Your Business

 Dermody, Burke & Brown's Custom Accounting Solutions (CAS) service combines our accounting and advisory expertise with the latest in financial technology. Our CAS team helps you focus less...

Company Pandemic-Related Financial Statement Transactions

After spending the past year wrestling with the financial impacts of the COVID-19 pandemic, companies that are required to prepare audited financial statements must now address a new challenge:...

New Benefit Plan Auditing Standards Effective Next Year

In 2017, the American Institute of CPAs (AICPA) issued an exposure draft of new standards designed to overhaul employee benefit plan audits. The standards, originally scheduled to go into effect at...

Cost of Living Adjustments for 2021

The IRS has released the Cost of Living Adjustments for 2021.  Some of the dollar limitations relating to qualified retirement plans have been increased, along with other retirement-related...

Final Regulations for Estates and Non-grantor Trusts

October 1, 2020 - Final regulations for estates and non-grantor trusts were released on September 21, 2020 by the Internal Revenue Service (IRS) providing guidance on deductions. The guidance...