Financial Planning
How Long Should You Keep Tax Records?
Retention Guidelines for Your Important Documents As we approach the final weeks of the 2023 tax filing season, most people want to put the ordeal behind them. But before banishing…
Read MoreDelaware EARNS Program Kicks Off July 1st – Here’s What You Need to Know
June 19, 2024 — Delaware EARNS is a retirement savings program sponsored by the Office of the State Treasurer. In Delaware, nearly 150,000 workers lack a way to save for…
Read MoreTax Tips for Students Working Summer Jobs
May 20, 2024 — During the summer many students focus on making money from a summer job. They may want to gain work experience, earn some spending money or help…
Read MoreTake Action Now to Reduce Your 2024 Tax Liability
Tax Tips From Cover & Rossiter March 6, 2024 — We are getting into the busy part of the 1040 tax filing season and even though you’re focused on getting…
Read MoreCorporate 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…
Read MoreRMD 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.…
Read MoreMarie Holliday Elected Chair of Delaware State Chamber of Commerce Board of Directors
It is with great pride and excitement that we share Marie Holliday, CPA, MBA, our managing director, has been elected as chair of the Delaware State Chamber of Commerce (DSCC)’s…
Read MoreEstate Taxes vs. Inheritance Taxes: Understanding the Differences
Estate and inheritance (“death”) taxes are levied on the transfer of property at death. The difference between an estate tax and an inheritance tax is based on who pays the…
Read MoreFinancial Tasks to Tackle in the Month of May
Now that spring is here, it might be a great time to give your finances a fresh look. Here are a few key items to put on your May to-do…
Read MoreSold Your Home Last Year or Plan to in 2023? If So, Here’s What You Need to Know
The U.S. housing market has been extremely volatile over the past year. Year-over-year growth rates were at highs of 20.1 percent in April 2022, then declined to only 8.6 percent…
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