It’s the Lease We Can Do

Archive for February 2017

It’s the Lease We Can Do

Written by Peter Kennedy, Director, for The Delaware Business Times On behalf of the entire accounting profession all I can say is: We’re sorry…. nostrae culpae….our bad…. I’m not talking about the recent Oscar flub (although if anyone from the Academy is reading this, my contact information is below if you’re looking to make a…

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IRS Tax Scams 2017: FAQs

As tax season approaches, taxpayers are reminded to be on the lookout for an array of evolving tax scams related to identity theft and refund fraud. Every year scam artists look for new ways to trick taxpayers out of their hard-earned money, sensitive financial information or even access to their computers. It seems that no…

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Missing Your W-2 Form?

You should receive a Form W-2, Wage and Tax Statement, from each of your employers for use in preparing your federal tax return. Employers must furnish this record of 2016 earnings and withheld taxes no later than January 31, 2017. If it was mailed, allow a few days for delivery. If you do not receive your…

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Qualifying for a Health Coverage Exemption

With the 2017 tax filing season in full swing, it’s not too early to think about how the health care law affects your taxes. The Affordable Care Act requires you and each member of your family to do at least one of the following: Have qualifying health coverage called minimum essential coverage Qualify for a…

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Five Tax Breaks That Expired in 2016

  Many tax provisions were made permanent with the passage of the PATH Act in late 2015, but more than 36 others expired at the end of 2016. Here are the five that are most likely to affect taxpayers like you. Mortgage Insurance Premiums Mortgage insurance premiums (PMI) are paid by homeowners with less than…

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Five Ways to Improve Your Financial Situation

If you are having trouble paying your debts, it is important to take action sooner rather than later. Doing nothing leads to much larger problems in the future, whether it’s a bad credit record or bankruptcy, resulting in the loss of assets and even your home. If you’re in financial trouble, then here are some…

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About That Budget…

Written by Peter Kennedy, Director, for The Delaware Business Times The State announced recently that it is facing a $350 million shortfall for the upcoming fiscal year.  So what does that mean exactly? First let’s get some perspective on this.  Just how big is $350 million anyway?  Here are several points of reference: it is…

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Cover & Rossiter Announces Andrew Johnson’s Promotion to Manager

Cover & Rossiter has a long standing history as one of Delaware’s first and most respected certified public accounting and advisory firms and is pleased to announce Andrew Johnson’s promotion to a Manager in the Tax Department at Cover & Rossiter. Johnson has been with Cover & Rossiter since 2008 and has excelled on even…

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Cover & Rossiter Announces Promotion for Jennifer Pacilli

Cover & Rossiter has a long-standing history as one of Delaware’s first and most respected certified public accounting and advisory firms and is pleased to announce that Jennifer Pacilli has become a Principal in the firm, recognizing her contributions to our clients and the firm. Pacilli most recently was a manager in the Tax Department…

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