The partners of Dermody Burke & Brown CPAs are pleased to announce that Carolyn Sturick has been named the new Chief Executive Officer effective with the New Year. Carolyn previously served as the Chief Operating Officer since 2010.

As CEO, Carolyn Sturick will focus on setting the company’s future course through strategic growth, ensuring continued client success and maintaining the personal relationships vital to a successful firm. Carolyn succeeds Madelyn Hornstein who served as CEO since 2010.

DB&B invites you to share your tax documents with your tax professional with TaxCaddy. We only use the most reliable technology, enabling us to provide accurate and efficient customer service as well as keep your personal information secure.

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Dermody, Burke & Brown is proud to be recognized as the Readers' Choice Award winner for Best Accountant in Central New York.  Announced in The Post Standard on Sunday, December 11th, Dermody, Burke & Brown was recognized along with many other local businesses throughout Central New York in more than 115 categories. Thank you to all our customers, friends, and colleagues who voted. We are grateful and honored to be recognized for this prestigious award.

Over the past year, we have seen a growing number of ERC “specialists” employing aggressive tactics in helping business owners claim the Employee Retention Credit. These ERC “specialists”, motivated by contingency fees, often are not conveying key information about the qualifying criteria when they encourage businesses to apply.  

The end of the year presents a unique opportunity to make sensible financial moves that can help save money on your federal and state income taxes. Now is a good time to start working with your tax professional to plan year-end tax moves and formulate a tax plan for the entire year. Linked here is a comprehensive guide that includes tools and strategies that should help you optimize your 2022 Tax returns! 

Dermody, Burke & Brown is proud to be recognized as the Readers' Choice Award winner for Best Accountant in Central New York.  Announced in The Post Standard on Sunday, December 11th, Dermody, Burke & Brown was recognized along with many other local businesses throughout Central New York in more than 115 categories. Thank you to all our customers, friends, and colleagues who voted. We are grateful and honored to be recognized for this prestigious award.

'Tis the season of giving! Community Impact is one of DB&B's core values, and there is no better time than the holiday season to be reminded to help those in need. We are lucky to partner with United Way, an organization that brings hope and resources to our community. We were proud to support United Way as they ran their annual Care Package Project. The Care Package Project was a drive to help collect and then distribute various hygienic supplies for those in need in Central New York.

As you start the process of year-end tax planning, it gives us the opportunity to look at any updates or changes in credits, both Federal and in New York State that could affect our personal and business returns this upcoming filing season. Below is an overview of some credits to pay attention to for the upcoming tax season.

Federal - Research and Development (R&D) Credit

As we near the end of another busy year, here is a second round of tax planning strategies that will facilitate this year’s tax filing. Remember to keep in close contact with your tax advisor to identify any significant financial or tax rule changes that may affect you this year. Here is a list of considerations to help you manage your tax bracket, potentially lower your tax liability, and feel prepared for the upcoming tax season.

Kiernan Briggs and Kelly Benjamin have both recently been promoted from Associates to Senior Associates in the Tax Department.