Archive for December 2016
Take Retirement Plan Distributions by December 31
Taxpayers born before July 1, 1946, generally must receive payments from their individual retirement arrangements (IRAs) and workplace retirement plans by December 31. Known as required minimum distributions (RMDs), typically…
Read MoreReminder: College Tax Credits for 2016
With another school year in full swing, now is a good time for parents and students to see if they qualify for either of two college tax credits or other…
Read MoreCover & Rossiter Holiday Charitable Giving
On Friday December 9th, Cover & Rossiter had the opportunity to wrap gifts purchased for a family and twelve men. This event became a tradition that our firm has conducted each year…
Read MoreUpdated Holiday Office Hours
To allow our team to enjoy the holidays, our offices will be closed on the following days: Monday, December 26, 2016 Tuesday, December 27, 2016 Friday, December 30, 2016 Monday, January…
Read MoreEmployee or Independent Contractor–Which is it?
If you hire someone for a long-term, full-time project or a series of projects that are likely to last for an extended period, you must pay special attention to…
Read More2016 Recap: Tax Provisions for Businesses
Whether you file as a corporation or sole proprietor, here’s what business owners need to know about tax changes for 2016. Standard Mileage Rates The standard mileage rates in 2016…
Read MoreOf Whales and Phishes
Written by Peter Kennedy, Director, for The Delaware Business Times No doubt along with millions of others, I have many happy memories of visits to the American Museum of Natural…
Read More2016 Tax Provisions for Individuals: A Review
Many of the tax changes affecting individuals and businesses for 2016, arose from the Protecting Americans from Tax Hikes Act of 2015 (PATH) which modified or made permanent numerous tax…
Read MoreSimilar Fact Pattern, Different Results
By Peter Hopkins, CPA, MS (Tax) – Manager and Marie Holliday, CPA, MBA – Managing Director As published in Delaware Banker Fall 2016 Vol.12 No. 4 A pair of recent…
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