Tax Day for Individuals Extended to May 17

March 18, 2021

(March 18, 2021) The IRS announced late yesterday that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15,…

Tax Provisions of the American Rescue Plan Act (ARPA)

March 18, 2021

(March 18, 2021) The American Rescue Plan Act of 2021 (ARPA), which Congress passed and President Biden signed into law on Thursday, March 11, grants relief to taxpayers and extends…

Sending QuickBooks Files to Your Accountant

February 19, 2021

It’s tax time once again and if you’re a business owner, your CPA/tax preparer is hounding you for your financials. One reason we recommend that our business clients use QuickBooks…

Looking Ahead to 2021: Hope is Not Canceled

February 15, 2021

Despite the fresh start that a new year promises, our world hasn’t changed much since last March. We’re still living in a new normal. We’re masking up, working (and schooling)…

Deciding if a Roth IRA Conversion is For You

February 15, 2021

Roth IRAs can be a powerful tax tool, but they are often misunderstood and misused. Investment income in Roth IRAs compound tax-free and most distributions are tax-free as well. Another…

Time to Go Digital

February 15, 2021

By: Marie Holliday, CPA, MBA News stories and images of mailed tax returns and payments piled up outside closed IRS and state processing centers, not to mention lengthy delays with…

Marie Holliday Recognized as Board Member of the Year

January 27, 2021

We are pleased to announce that Marie Holliday, Managing Director at Cover & Rossiter, has been recognized by the Delaware State Chamber of Commerce as Board Member of the Year.…

Need to Pay Taxes? Try Online Payment Options

January 13, 2021

By: Mengjiao (Sherry) Yao, CPA, Cover & Rossiter The pandemic changed people’s lifestyles from cutting hair at home to paying taxes online. The IRS and most jurisdictions allow several convenient…

Important Information Related to Stimulus Payments

January 8, 2021

By: Luci Roseman, CPA, Cover & Rossiter In Late December congress passed a $900B pandemic relief package that established a $600 direct stimulus payment to most Americans under certain income…

Pandemic Relief Package for Individuals and Families – Round 2

December 31, 2020

Details of $900 billion relief package as it relates to individuals and families. By: Tina M. Truby, CPA, Cover & Rossiter (December 31, 2020) The Consolidated Appropriations Act, 2021 was…

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