Financial Tips
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By: Tina Truby, CPA, Supervisor I recently received one of those dreaded letters that told me I had been the victim of a mass data breach. After carefully reading the…
Read MoreCover & Rossiter Announces Exciting News!
Award-Winning CPA Advisory Firm Cover & Rossiter to Join The Bonadio Group Rochester, N.Y., October 30, 2024 – The Bonadio Group, a nationally ranked IPA Top 50 CPA firm and…
Read MoreHow Long Should You Keep Tax Records?
Retention Guidelines for Your Important Documents As we approach the final weeks of the 2023 tax filing season, most people want to put the ordeal behind them. But before banishing…
Read MoreTax Tips for Students Working Summer Jobs
May 20, 2024 — 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…
Read MoreTake 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 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 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 MoreFinancial Tasks to Tackle in the Month of May
Now that spring is here, it might be a great time to give your finances a fresh look. Here are a few key items to put on your May to-do…
Read MoreTake Action Now to Reduce Your 2023 Tax Liability
UPDATE: See our latest blog post “Take Action Now to Reduce Your 2024 Tax Liability” for the latest strategies on reducing your tax liability. The end of the year is…
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