Pete Kennedy

Posts Tagged ‘Pete Kennedy’

Cover & Rossiter Leaders Elected to Local Boards

Cover & Rossiter is excited to announce that Marie Holliday was recently elected to the Delaware State Chamber’s Board of Governors and Peter Kennedy was elected to the Delaware College Scholars (DCS) board. Mrs. Holliday is the Managing Director of the firm, a role she has held since December 2015.  Since joining the firm in…

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You Can Pave Paradise, Just Don’t Put Up a Parking Lot

Written by: Pete Kennedy, CPA, Director of Audit Services Unfortunately, the Tax Cuts and Jobs Act (TJCA) of 2017 wasn’t all tax cuts and jobs.  There were some mean little nuggets included meant to help offset the cost of the tax breaks.  Nearly a year since its passing, the IRS has finally issued (on December…

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Nonprofit Efficiency Measures

Written by: Pete Kennedy, CPA, Director of Audit Services For as long as I’ve been involved with nonprofit organizations, expense-based financial ratios (Program / G&A /Fundraising as a percentage of total expenditures) have been used as an efficiency measurement.  I’m sure you’re familiar with them – and the many derivatives that appear online in the…

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Lease Accounting: FASB Revised Exposure Draft

Director, Pete Kennedy On May 16th, the FASB issued its revised exposure draft on Lease Accounting. This is the second time an exposure draft has been released on this topic. The draft details a major re-write to the rules around accounting for leases. In a nutshell: Lease accounting as it currently stands separates leases into…

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How to Survive ObamaCare – Take Two Aspirin and Keep Reading

By Pete Kennedy, CPA, CVA – Director at Cover & Rossiter, P.A. “GetInvolved Nonprofit Guide” Article for March 2013 from Cover & Rossiter, P.A. “GetInvolved Nonprofit Guide” is changing from a bi-monthly schedule to a quarterly schedule. You can find the published version of Kennedy’s article on April 25th.  Ever since the Patient Protection and…

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Fiscal Cliff Notes

By Pete Kennedy, CPA, CVA GetInvolved Nonprofit Guide Article published in the January 2013 News Journal At Cover & Rossiter, we don’t care how much Jessica Simpson weighs, we don’t know Gangnam from Gingham, we don’t know boo about “Honey Boo Boo,” we don’t keep up with the Kardashians, and, after seeing Justin Beiber on…

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Four Years Later

“GetInvolved Nonprofit Guide” Article for November 2012 from Cover & Rossiter, P.A. By Pete Kennedy, CPA, CVA – Director at Cover & Rossiter, P.A. It’s hard to believe that only four years ago, few people outside of Wall Street insiders would have known of Bernard Madoff.  Today the Madoff name has entered the lexicon as…

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