Sold Your Home Last Year or Plan to in 2023? If So, Here’s What You Need to Know
The U.S. housing market has been extremely volatile over the past year. Year-over-year growth rates were at highs of 20.1 percent in April 2022, then declined to only 8.6 percent in November – the biggest…
Take Action Now to Reduce Your 2023 Tax Liability
The end of the year is a popular time to read articles on how you can reduce your tax bill. Here are a few changes you can make now, at the beginning of the year,…
Tax Implications of Charitable Planning/Giving Strategies – Update for 2022/2023
By: Marie Holliday, CPA, MBA, Managing Director In late 2021, I presented “Tax Implications of Charitable Planning/Giving Strategies” to a DTCC virtual audience. The program gave an overview of changes for the 2021 and 2022…
5 Financial Resolutions You Can Live With
As it is the final day of January, chances are any New Year’s resolutions made 31 days ago have long been forgotten. For the most part, New Year’s resolutions are hard to keep because many…
New Rules and Ways to Use HSAs/FSAs
People who own a high-deductible health insurance plan may have the ability to open a health savings account (HSA). They can contribute pre-tax income to an HSA and invest the money for tax-free growth in…
Changes That May Affect Your 2022 Tax Return
When it comes to taxes, one might call 2022 the year of the great reset. That’s because a lot of things that were put into place for 2021 will revert back to pre-pandemic years, which…
ERC – Too Good to be True?
The Employee Retention Credit is a legitimate program, but failure to apply the actual rules of the credit to applicants and their specific situation will result in inflated credit amounts which will, in all likelihood, need to be repaid.
Strategies to help you save time, money and aggravation at tax time. [Updated Dec 2022]
By: Jennifer Pacilli, CPA, Director **Note: We’ve updated all financial references to tax years 2022 and 2023. The role of a certified public accountant has changed quite a bit from when I first entered the…
Samantha Maiorano Selected to Attend AICPA’s 2022 Leadership Academy
Cover & Rossiter, one of Delaware’s first and most respected certified public accounting and advisory firms, is pleased to announce that Samantha Maiorano was one of only 35 CPAs honored by the American Institute of…
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…