Posts by coverrossiter
Tax Day for Individuals Extended to May 17
(March 18, 2021) The IRS announced late yesterday that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15,…
Read MoreTax Provisions of the American Rescue Plan Act (ARPA)
(March 18, 2021) The American Rescue Plan Act of 2021 (ARPA), which Congress passed and President Biden signed into law on Thursday, March 11, grants relief to taxpayers and extends…
Read MoreSending QuickBooks Files to Your Accountant
By: Wendy Rafferty, Supervisor It’s tax time once again and if you’re a business owner, your CPA/tax preparer is hounding you for your financials. One reason we recommend that our…
Read MoreLooking Ahead to 2021: Hope is Not Canceled
Despite the fresh start that a new year promises, our world hasn’t changed much since last March. We’re still living in a new normal. We’re masking up, working (and schooling)…
Read MoreDeciding if a Roth IRA Conversion is For You
Roth IRAs can be a powerful tax tool, but they are often misunderstood and misused. Investment income in Roth IRAs compound tax-free and most distributions are tax-free as well. Another…
Read MoreTime to Go Digital
By: Marie Holliday, CPA, MBA, Managing Director News stories and images of mailed tax returns and payments piled up outside closed IRS and state processing centers, not to mention lengthy…
Read MoreNeed to Pay Taxes? Try Online Payment Options
The IRS and most jurisdictions allow several convenient ways for taxpayers to pay their taxes online. With a couple of clicks, you can pay balance(s) due, extension payments or quarterly…
Read MoreImportant Information Related to Stimulus Payments
By: Luci Roseman, CPA, Manager In Late December congress passed a $900B pandemic relief package that established a $600 direct stimulus payment to most Americans under certain income limits. Generally,…
Read MoreCover & Rossiter Insights: Fall 2020 Newsletter
Click here to view the Fall 2020 Newsletter
Read MorePandemic Relief Package for Individuals and Families – Round 2
Details of $900 billion relief package as it relates to individuals and families. By: Tina M. Truby, CPA, Supervisor (December 31, 2020) The Consolidated Appropriations Act, 2021 was signed into…
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