Tax 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 are some facts you should…

Cover & 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 a valued member of the…

Cover & Rossiter Mourns the Loss of Paul Rossiter

One of Cover & Rossiter’s former partners, Paul Rossiter, passed away last week, a few days before his 92nd birthday. Paul was admitted as a partner of C&R in 1965 and worked at the firm…

Get 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, Staff Accountant, Tax…

Take 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 filed, now is as good…

Update 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 Credit or ERTC – was…

Corporate 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 two plaintiffs who challenged the…

Understanding 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 years, however it is important…

Creating a Working Partnership Between Delaware Business Community and Policymakers

“The business community fuels economic growth and prosperity for Delawareans. A working partnership between the business community and policymakers is important to maintain and move our state forward.”

Strategies 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 when I first entered the…

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