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. EARNS was passed by the…
Cover & 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 Services department: We welcomed Bethany…
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 Department Paris…
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…