Current News
Tax Treats Included in the Further Consolidated Appropriations Act of 2020
The Taxpayer Certainty and Disaster Tax Relief Act of 2019 extends over thirty Code provisions, generally through 2020. The SECURE (Setting Every Community Up for Retirement Enhancement) Act, was signed the same day and contains many provisions intended to strengthen retirement security.
Read MoreWawa Data Breach – Are You Impacted?
Wawa is a fixture here in the Delaware Valley. A data breach was discovered on December 10th. Click here to read letter from Wawa CEO to customers. Here are a couple of items to note: The malware was present in their network since last March but no one knew until December. Malware is usually installed…
Read MoreHappy New Year!
Throughout the year we do a lot of counting… including this holiday season when we count our blessings. Wishing you a Happy, Healthy, and Prosperous New Year!
Read MoreDay 12 – Practicing Gratitude
It may be hard to believe, but the end of the year is upon us. During this time, many of us reflect on the year and tally up the good and the bad, the pros and the cons of the past 12 months. Click HERE to read more.
Read MoreDay 11 – Tax Time Simplified
Do you bank online using your PC, smartphone or tablet? How would you like to manage your tax documents in the same manner? TaxCaddy is a secure file submission platform offered by Cover & Rossiter to our clients. TaxCaddy makes gathering tax documents and sharing them with your tax professional a breeze. Let TaxCaddy retrieve…
Read MoreDay 10 – Before you get rid of that old PC, Smartphone or Tablet
Getting someone a new computer, tablet, or smartphone for Christmas? Aside from the fun of receiving a new device, you’ve got two main considerations to think about when it comes to disposing of your outdated gadgets carefully: security, and the impact on the environment. You don’t want your personal and private data accessible after the…
Read MoreDay 4 – Favorite Holiday Recipe
Even accountants get hungry and we sure love treats around the holidays! A recent survey found the most popular holiday cookie to be Peanut Butter Blossoms. What’s not to like? They’re easy to make and, best of all, are delicious. Even Santa will love them with a tall glass of milk! HO-HO-HO!! Click HERE for…
Read MoreDay 3 – Make your holiday shopping season safer
Since tens of millions of people shop online, take the necessary precautions to secure your payment information. Be sure to look for the “s” in “https”. The “s” in the opening URL stands for security. Always look for “https” – e.g. https://www.amazon.com – before sharing any information about your identity or your credit card/bank information.…
Read MoreDay 2 – Batch Your Itemized Deductions
The goal of batching is to position yourself so that you will have deductions greater than the standard deduction one year, with the following year being a standard deduction. Click HERE to read more.
Read More12 Days of Accounting Tips – Day 1 – Get Organized
It’s never too early to gather receipts for tax deductible expenses and sources of income. Doing it now will help to ensure you’re not forgetting anything significant. It will also help you see a better snapshot of your finances ahead of the new year. P.S. If you’re a TaxCaddy user, now’s the perfect time to…
Read More