Posts by coverrossiter
Take Action Now to Reduce Your 2024 Tax Liability
Tax Tips From Cover & Rossiter March 6, 2024 — We are getting into the busy part of the 1040 tax filing season and even though you’re focused on getting…
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 Feb 23, 2024 — The Employee Retention Credit (ERC) – sometimes called…
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 Jan 3, 2024 — One of the lasting impacts from COVID is that more people are choosing to work from home. The home office deduction…
Read MoreCreating 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.”
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.…
Read MoreAttention Business Owners and Nonprofits – Important Change to Filing 2023 Forms 1099
If you are a business owner or nonprofit organization that paper-files 1099s, you need to read this! On February 21, 2023, pursuant to the Taxpayer First Act, the Department of…
Read MoreAccounting Firms in Delaware Tackle a Hiring Crisis
“I was thinking to myself, ‘It’s a nerdy pocket protector kind of person,'” said Marie Holliday, managing director of Cover & Rossiter. Now that she’s tried it, she says, “I really think accounting is cool…I’ve made a great career out of it.”
Read MoreMarie Holliday Elected Chair of Delaware State Chamber of Commerce Board of Directors
It is with great pride and excitement that we share Marie Holliday, CPA, MBA, our managing director, has been elected as chair of the Delaware State Chamber of Commerce (DSCC)’s…
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