Get to know our newest employees

We are pleased to welcome our newest employees to Cover & Rossiter! Let’s find out a little about them… Ritika Bothra Senior Accountant, Audit ==================================================================== Chassity Gray Controller ==================================================================== Marquise Hatcher Staff Accountant, Tax ====================================================================…

Take Action Now to Reduce Your 2024 Tax Liability

We are getting into the busy part of the 1040 tax filing season and even though you’re focused on getting your 2023 tax return filed, now is as good a time as any to start…

Update on the Employee Retention Credit (ERC)

Key observations and the IRS Voluntary Disclosure Program to return incorrect payments By Pete Kennedy, CPA, Director Background The Employee Retention Credit (ERC) – sometimes called the Employee Retention Tax Credit or ERTC – was…

Corporate Transparency Act – Beneficial Ownership Reporting Requirements

Important information related to new beneficial ownership reporting requirements. NOTE: In March 2024, a district court in Alabama issued a final judgement enjoining enforcement of the Corporate Transparency Act against two plaintiffs who challenged the…

Understanding and Applying the Home Office Deduction (Updated Jan-2024)

By: Tina Truby, CPA, Supervisor One of the lasting impacts from COVID is that more people are choosing to work from home. The home office deduction has been around for years, however it is important…

Creating a Working Partnership Between Delaware Business Community and Policymakers

“The business community fuels economic growth and prosperity for Delawareans. A working partnership between the business community and policymakers is important to maintain and move our state forward.”

Strategies to Help You Save Money and Reduce Taxes

By: Jennifer Pacilli, CPA, Director **Note: We’ve updated all financial references to tax years 2023 and 2024** The role of a certified public accountant has changed quite a bit from when I first entered the…

RMD Relief and Guidance for 2023

In early 2022, the IRS issued proposed regulations regarding required minimum distributions (RMDs) to reflect changes made by the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. The IRS has held off…

Attention Business Owners and Nonprofits – Important Change to Filing 2023 Forms 1099

If you are a business owner or nonprofit organization that paper-files 1099s, you need to read this! On February 21, 2023, pursuant to the Taxpayer First Act, the Department of the Treasury and the Internal…

Accounting Firms in Delaware Tackle a Hiring Crisis

“I was thinking to myself, ‘It’s a nerdy pocket protector kind of person,'” said Marie Holliday, managing director of Cover & Rossiter. Now that she’s tried it, she says, “I really think accounting is cool…I’ve made a great career out of it.”

C&R's Newsletter Insights

Recent and archived editions

Categories