Posts by coverrossiter
ERC – Too Good to be True?
The Employee Retention Credit is a legitimate program, but failure to apply the actual rules of the credit to applicants and their specific situation will result in inflated credit amounts which will, in all likelihood, need to be repaid.
Read MoreStrategies to help you save time, money and aggravation at tax time. [Updated Dec 2022]
By: Jennifer Pacilli, CPA, Director **Note: We’ve updated all financial references to tax years 2022 and 2023. The role of a certified public accountant has changed quite a bit from…
Read MoreSamantha Maiorano Selected to Attend AICPA’s 2022 Leadership Academy
Cover & Rossiter, one of Delaware’s first and most respected certified public accounting and advisory firms, is pleased to announce that Samantha Maiorano was one of only 35 CPAs honored…
Read MoreSchool Property Tax Relief For Seniors
The State of Delaware currently offers homeowners ages 65 and over a tax credit against their school property taxes of 50% (up to $500). The Senior School Property Tax Credit…
Read MoreSeasonal Employees and Taxes
Many businesses hire part-time or full-time workers, especially in the summer. These types of employees are referred to as seasonal workers, which the IRS defines as an employee who performs…
Read MoreTax Implications of Retiring Overseas
Are you approaching retirement age and wondering where you can retire to make your nest egg last longer? Retiring abroad may be the answer. But first, it’s important to consider…
Read MoreCYA on Your CWA’s
By: Pete Kennedy, CPA, Director It honestly hurts to read this recent decision from Tax Court. The above link is to the case summary which is not long but I’ll…
Read MoreIRS Increases Mileage Rate for Remainder of 2022
IR-2022-124, June 9, 2022 WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use…
Read MoreAccounting Standards for Nonprofit Organizations
By: Vickie Young Beam, CPA, Principal Nonprofit organizations are entities that perform charitable services by accepting funds from the general public. To help regulate activities and encourage proper use of…
Read MoreIs Your Business Ready to Outsource Accounting?
Accurate and timely accounting is critical for any business’ survival. At the same time, it’s important for entrepreneurs to pour their energy into core business activities and not waste time…
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