School Property Tax Relief For Seniors
The State of Delaware currently offers homeowners ages 65 and over a tax credit against their school property taxes of 50% (up to $400). The Senior School Property Tax Credit may be used against the…
Seasonal Employees and Taxes
Many businesses hire part-time or full-time workers, especially in the summer. These types of employees are referred to as seasonal workers, which the IRS defines as an employee who performs labor or services on a…
Tax Implications of Retiring Overseas
Are you approaching retirement age and wondering where you can retire to make your nest egg last longer? Retiring abroad may be the answer. But first, it’s important to consider the tax implications; that is,…
CYA on Your CWA’s
By: Pete Kennedy, CPA, Director It honestly hurts to read this recent decision from Tax Court. The above link is to the case summary which is not long but I’ll further summarize it very briefly;…
IRS Increases Mileage Rate for Remainder of 2022
IR-2022-124, June 9, 2022 WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates…
Cover & Rossiter Announces Recent Hires
Cover & Rossiter, one of Delaware’s first and most respected certified public accounting and advisory firms, is excited to welcome five new members. Margaret Mendoza joined the Cover & Rossiter team in August 2021 as…
Cover & Rossiter Announces Recent Promotions
Cover & Rossiter, one of Delaware’s first and most respected certified public accounting and advisory firms, is pleased to announce the following promotions. Peter Hopkins has been promoted to Principal in the Tax Department. Hopkins…
Cover & Rossiter Leader Elected to Delaware Community Foundation Board
Cover & Rossiter, one of Delaware’s first and most respected certified public accounting and advisory firms, is pleased to announce that Pete Kennedy has been invited to join the board of the Delaware Community Foundation…
Delaware State Chamber of Commerce Announces Marie Holliday as Vice-Chair and Treasurer
It is with great honor that Cover & Rossiter’s Managing Director, Marie Holliday, has accepted the responsibilities of being the vice chair and treasurer of the Delaware State Chamber of Commerce Board of Governors. In…
Accounting Standards for Nonprofit Organizations
By: Vickie Young Beam, CPA, Principal Nonprofit organizations are entities that perform charitable services by accepting funds from the general public. To help regulate activities and encourage proper use of funds, accounting standards are in…