Auditing Services
We provide audits of financial
statements for many of the region's elite non-profit
institutions including private schools, foundations, museums
and charities. We also audit profit making entities. Our
approach is to focus our audit on organization risk areas
and to work collaboratively with the Board of Directors. We
are encouraging our clients to voluntarily implement some of
the recommended procedures for public entities as enacted by
Sarbanes Oxley. We were one of Delaware's first firms to
submit to a peer review of our audit procedures and have
completed seven such peer reviews.
*For further information, contact Pete
Kennedy at 302-691-2227 or send him an
email.
Delaware Captive Insurance Audit
Services
Captive Insurance Companies that
establish Delaware as their domicile are required to have an
annual independent audit. Cover & Rossiter is the only
Delaware-based independent auditor currently authorized by
the State Insurance Department to perform such audits.
Our approach is to focus our audit on organization risk
areas and to work collaboratively with the Board of
Directors. We were one of Delaware's first firms to
submit to a peer review of our audit procedures and have
completed seven such peer reviews.
Cover & Rossiter is a member of
the Delaware Captive Insurance Association. We have
been integrally involved in the Association since it was
formed in 2005. We are committed to making Delaware a
prominent domicile within the Captive Insurance Industry.
*For further information:
Investment
Holding Company Services
We are one of the largest
providers of accounting services to Delaware based specific
purpose entities. Our primary goal is to work with the
parent company's in-house accounting staff to provide
timely, accurate financial information in a format that is
compatible with their own consolidation software. We are
able to provide superior accounting services to Delaware
advantaged entities by focusing solely on accounting. These
days, most corporations outsource a portion of their
otherwise internal corporate functions. For this reason, it
is our opinion that having a separate service provider
handle your accounting needs creates a better fact pattern
for your Delaware Investment Holding Company.
*For further information, contact Loretta
Manning at 302-691-2219 or send her an
email.
Corporate Tax Services
We represent many of the regions
best managed closely held businesses. We focus on tax
minimization through innovative tax planning strategies to
reduce federal income taxes, state income taxes and sales
and use taxes. We work with our closely held corporate
clients, developing corporate strategy through infancy,
transfers to family members or corporate dissolution. We
are expert in the preparation of C Corporation, S
Corporation or partnership income tax returns. We bring to
our corporate clients constant advice regarding corporate
direction, cost control, financing, effective employee
benefits plans and acquisition planning, inventory control,
and implementation of best practices.
*For further information, contact Marie
Holliday at 302-691-2211 or send her an
email.
Personal Tax Services
We go far beyond 1040
preparation, providing extensive tax planning and strategies
to minimize individual taxes. We provide stock option
exercise planning in order to minimize or prevent an
alternative minimum tax burden. Our personal tax staff is
available throughout the year to respond to concerns,
conduct special analyses and revise tax estimates as
individual situations and/or tax laws change.
*For further information, contact Diane Burke
at 302-691-2217 or send her an
email.
Trust and Estate Services
We provide estate planning,
estate administration, federal and state estate and
inheritance tax filings, trust income tax returns, trust
accountings. In the corporate trust area, we have expertise
in bankruptcy trusts, settlement trusts, and liquidation
trusts. Not only do we focus on the federal implications of
trust filings but we also focus on state tax filings which
can be inadvertently overlooked by attorneys, trustees, and
the beneficial owners. We provide a better alternative to
larger financial institutions as a trustee or tax preparer
in terms of reduced costs and better customer service. We
also allow for better integration of family members into
roles of trustees.
*For further information, contact Diane Burke
at 302-691-2217 or send her an
email.
Litigation Support and
Forensic Accounting Services
These services include: business
acquisition disputes, business dissolution disputes,
personal injury, wrongful death, inventory valuation, family
law, accountant’s malpractice, and legal and physician
malpractice. Our overriding principle in litigation work is
extensive preparation. Our employees have testified in
Delaware Superior, Family and Chancery Courts.
*For further information, contact Geoff
Langdon at 302-691-2201 or send him an
email.
Financial Planning and
Investment Advisory Services
Cover & Rossiter provides
complete financial planning, management of investments,
advice on income tax planning, estate planning, insurance
needs, and mortgage planning; as well as complete financial
record keeping facilitating the monitoring of actual
financial results against the plan. For corporate
executives, the firm has created a structured program for
the exercise of stock options which either reduces or
eliminates alternative minimum taxes. This program
effectively balances the leveraging of stock options against
the need for investment diversification.
*For further information, contact Diane Burke
at 302-691-2217 or send her an
email.
Small Business Accounting
Services
Our goal is to ensure our
closely held clients have the best internal reporting system
available to them. Our services range from complete
outsource of clients internal accounting system to filling
in for clients who are temporarily without an accountant or
controller. We assist clients with implementation of
Peachtree or QuickBooks accounting software packages.
*For further information, contact Karen
Remick at 302-691-2244 or send her an
email.
International Taxation
Global taxation issues and
regulations are handled by our experienced professionals.
*For further information, contact Geoff
Langdon at 302-691-2201 or send him an
email.
