Cover & Rossiter announces promotion for Matt Masters

Archive for March 2017

Cover & Rossiter announces promotion for Matt Masters

Cover & Rossiter, one of Delaware’s first and most respected certified public accounting and advisory firms, is pleased to announce the promotion of Matt Masters to Manager in the Tax Department. Masters joined the firm in 2004 after graduating from the University of Delaware with a Bachelor of Science in Accounting. Masters focuses primarily on…

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What You Should Know about the AMT

Even if you’ve never paid Alternative Minimum Tax (AMT) before, you should not ignore this tax. Why? Because your tax situation might have changed, and this might be the year that you need to pay AMT. AMT attempts to ensure that taxpayers who claim certain tax benefits pay a minimum amount of tax. Here’s what…

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Eight Tax Facts about Exemptions and Dependents

Most people can claim an exemption on their tax return. It can lower your taxable income which, in most cases, reduces the amount of tax you owe for the year. Here are eight tax facts about exemptions to help you file your tax return. Exemptions Cut Income. There are two types of exemptions. The first type…

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Choosing the Correct Filing Status

It’s important to use the right filing status, when you file your tax return, because the filing status you choose can affect the amount of tax you owe for the year. It may even determine if you must file a tax return. Keep in mind that your marital status on December 31, is your status…

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IRS Funding – The Future is Overrated

Written by Peter Kennedy, Director, for The Delaware Business Times If anyone thinks enforcement does not influence compliance significantly, you should spend a few hours observing traffic patterns on the border of Elsmere and Wilmington during rush hour. Elsmere has a reputation for strict enforcement of traffic regulations.  On a regular basis during my morning…

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Cover & Rossiter announces the addition of Hendrickson and McCabe to our firm

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 Kathleen (Kathy) Hendrickson and Caren McCabe have joined our administrative staff. Hendrickson comes to us with a breadth of experience working for senior executives in banking, healthcare and legal…

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Small Business Financing: Securing a Loan

At some point, most small businesses owners will visit a bank or other lending institution to borrow money. Understanding what your bank wants, and how to properly approach them, can mean the difference between getting your money for expansion and having to scrape through finding cash from other sources. Unfortunately, many business owners fall victim…

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IRS Dirty Dozen Tax Scams for 2017

Compiled annually by the IRS, the “Dirty Dozen” is a list of common scams taxpayers may encounter in the coming months. While many of these scams peak during the tax filing season, they may be encountered at any time during the year. Here is this year’s list Identity Theft Tax-related identity theft occurs when someone…

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