The next-generation CPA and advisory firms will have expanded roles – a trend that is already being adopted at Cover & Rossiter. Increasingly our clients are turning to us as their primary advisor for year-round and long-term issues in addition to our traditional tax and audit services. We are stepping in to serve as business and cash management advisors for small business owners who need help to grow, helping to fill gaps within our clients’ in-house accounting staffs, recommending investments, providing tax and estate planning strategies and more.

We are breaking the mold of accountants who make their appearance only during tax season and at audit time. We’re here year-round to offer truly customized support at whatever level a client needs. Our talented staff includes 13 CPAs, a Certified Fraud Examiner, and Accredited Estate Planner, two Certified Valuation Analysts and the most Certified QuickBooks ProAdvisors® of any firm in Delaware.

We go above and beyond the expected to become true partners.

Some of the industries we serve are:

• Construction and Real Estate
• Delaware Captive Insurance Companies
• Investment Holding Companies
• Legal Professionals
• Medical and Dental Practices
• Non-Profit Organizations/Foundations
• Professional Associations
• Retail Businesses
• Service Providers
• Small Businesses
• Wholesale Distributorships

Construction and Real Estate Industries

The construction and real estate industries are diverse and complex industries which require companies to have experienced accountants that provide value to the business not only through tax planning and compliance but via additional services such as bonding and borrowing services, cost controls, compensation planning, and succession planning, just to name a few. Cover and Rossiter specializes in small to medium sized closely held construction and real estate businesses. Our staff cultivates relationships with key personnel within your organization to ensure that your accounting and consulting needs are fulfilled.

Cover & Rossiter’s professionals can assist you with:

• Financial statements
• Tax Compliance
• Tax Planning Services
• Cost segregation studies
• Succession planning and implementation
• Tax Planning for tax deferred exchanges (Section 1031 exchanges)
• Reorganizations
• Debt restructuring
• Mergers and Acquisitions
• Due Diligence
• State and local tax issues
• Business valuations
• Profitability analysis and improvements
• Accounting outsource services
• Retirement plans

Legal Professionals

We started to see an increase in calls from Lawyers in 2006 who were concerned with whether they were in compliance with Rule 1.15. Our Small Business Accounting Services (SBAS) manager began fielding these calls and assisting these firms with implementing the proper accounting procedures to insure compliance. In a few instances we have revamped the entire accounting setup and reporting process. We developed a method and reporting process in QuickBooks to segregate funds by client.

In response to this demand and our experience we started assisting many other firms with their accounting and compliance with Rule 1.15 and 1.15A. We continue to field calls from law firms regarding this issue. We believe this valuable experience gives Cover & Rossiter an edge when performing not only the compliance testing but with the educating of the law firm personnel in how to do it properly.

We see the SBAS department as the “trainer”. Based on the knowledge and experience acquired serving law firms in the compliance with rule 1.15, this department is in the best position to field law firm questions regarding compliance as well as train the staff of the law firm in how to utilize their current accounting programs and procedures to achieve that goal. Our department staff is also available to review the current setup and reporting processes to suggest ways to ensure compliance.

For additional information, please contact Geoff Langdon at 302-656-6632 or send him an email.

Medical and Dental Practices

One of the areas that Cover & Rossiter specializes in is the dynamic industry of physician and dental practices. There are unique needs in this industry due to the growth in healthcare and technological advances, as well as the governmental regulations and compliance with the insurance industry.

These days, doctors are not only responsible for patient care, but also for running a successful business. In order to be successful in both areas these professionals often must rely on their accountants to provide guidance with the complexities of operating a business so that they can focus on quality patient care.

Cover & Rossiter’s professional staff can assist medical and dental practices with:

• Physician/Dentist Compensation Plans
• Business valuation/Buy Sell Agreements
• Succession planning
• Cash Flow projections
• Medical/Dental Practice Review
• Office Productivity Evaluation
• Tax, Audit, and Accounting Services
• QuickBooks® and Peachtree Consulting
• Retirement Plans
• Payroll services

Cover & Rossiter has maintained a longstanding affiliation with the Medical Society of Delaware to stay abreast of changes within the industry that would affect its clients.

For additional information, please contact Marie Holliday at 302- 656-6632 or send her an email.

Non-Profit Organizations and Foundations

Cover & Rossiter is one of the most respected and experienced CPA firms serving the accounting, tax and audit needs of the non-profit community in Delaware. We have established a trusted reputation among agencies of all missions and sizes and count many of Delaware's non-profit agencies among our satisfied clients.

For additional information, please contact Pete Kennedy at 302- 656-6632 or send him an email.

Proud to be a sponsor or member of:

Current Non-Profit Clients: