Tax
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 MoreTax Tips for Students Working Summer Jobs
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 pay for college. Here…
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 MoreTake Action Now to Reduce Your 2024 Tax Liability
Tax Tips From Cover & Rossiter We are getting into the busy part of the 1040 tax filing season and even though you’re focused on getting your 2023 tax return…
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 MoreStrategies to Help You Save Money and Reduce Taxes
By: Jennifer Pacilli, CPA, Director **Note: We’ve updated all financial references to tax years 2023 and 2024** The role of a certified public accountant has changed quite a bit from…
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.…
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