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Company news: Dermody, Burke & Brown CPAs hires three tax principals


Company news: Dermody, Burke & Brown CPAs hires three tax principals
Updated Mar 11, 2021;
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Dermody, Burke & Brown CPAs LLC has hired three tax principals in their tax department. They include:
Michele Dickey, CPA, has more than 30 years of experience in tax accounting, consulting, financial statement preparation and compliance services. She works with closely held businesses within a wide range of industries. Michele has past experience as a Certified Valuation Analyst providing business valuations for companies involved in buy/sell agreements, charitable contributions, family limited partnerships and gifting programs.
Michele received a bachelor of science degree in accounting from
Le Moyne College. She is a member of the American Institute of Certified Public Accountants as well as the New York State Society of Certified Public Accountants. She serves on the ....

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Tightened executive pay limits tucked into coronavirus aid bill


Tightened executive pay limits tucked into coronavirus aid bill
Doug Sword
© Provided by Roll Call
Rep. Lloyd Doggett, D-Texas, center, backs tougher curbs on compensation deductions by big companies.
Million-dollar compensation packages would get pricier for big corporations under a late insert to keep the $1.9 trillion coronavirus aid package in line with its deficit targets.
A provision that first appeared in the Senate’s version of the huge relief bill last week and then survived the floor amendment “vote-a-rama” would potentially double the number of the highest-paid executives whose compensation can’t be written off by their companies.
Current law bars public companies from deducting from their tax bills the cost of anything more than $1 million a year in compensation that goes to one of five employees – the chief executive officer, the chief financial officer or the three other highest-paid executives at the company. ....

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