Nonprofit
Delaware EARNS Program Kicks Off July 1st – Here’s What You Need to Know
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 retirement through their workplace.…
Read MoreCover & Rossiter Employee Announcements
It’s been a busy Spring with new employees joining Cover & Rossiter and team members celebrating milestone achievements! Let’s welcome our newest team members to the Client Accounting & Advisory…
Read MoreCover & Rossiter Mourns the Passing of Elisabeth “Beth” Edwards
It is with profound sadness that we announce the passing of our colleague, Elisabeth “Beth” Edwards, on May 12. Beth was with Cover & Rossiter for 22 years. She was…
Read MoreGet to Know Cover & Rossiter’s Newest Team Members
We are pleased to welcome our newest employees to Cover & Rossiter! Let’s find out a little about them… Ritika Bothra, Senior Accountant, Audit Department Chassity Gray, Controller Marquise Hatcher,…
Read MoreUpdate 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…
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 MoreUnderstanding 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…
Read MoreAttention 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…
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 MoreTax Implications of Charitable Planning/Giving Strategies – Update for 2022/2023
By: Marie Holliday, CPA, MBA, Managing Director In late 2021, I presented “Tax Implications of Charitable Planning/Giving Strategies” to a DTCC virtual audience. The program gave an overview of changes…
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