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Cover & Rossiter March Newsletter

Happy Spring to all of our clients, friends and associates. We hope you enjoy our March issue of Tradition. We welcome your questions and comments about any of the topics in this newsletter. Our goal is to become your leading financial resource, and we hope you will find the information helpful. If you have any financial concerns or questions that you would like addressed, we'd love to hear from you! Please don't hesitate to contact us directly.    

In this Issue:

The Charleston Principles and Extra Pages for the 990

           Pete Kennedy, CPA

Charleston Principles:

Having been stationed for a time in Charleston, South Carolina (more years ago now than I’d care to admit), I know first-hand that it’s a very nice city, it really is. But some very bad things have happened there over the years – think start of the Civil War and Hurricane Hugo. So with that as an introduction, let’s talk about the “Charleston Principles”... 

Tax Changes for 2015: A Checklist

Welcome 2015! As the new year rolls around, it’s always a sure bet that there will be changes to current tax law and 2015 is no different. From health savings accounts to retirement contributions and standard deductions, here’s a checklist of tax changes to help you plan the year ahead.


For 2015, more than 40 tax provisions are affected by inflation adjustments, including personal exemptions, AMT exemption amounts and foreign earned income exclusion, as well as most retirement contribution limits.

Six Overlooked Tax Breaks for Individuals 

Confused about which credits and deductions you can claim on your 2014 tax return? You’re not alone. Here are six tax breaks that you won’t want to overlook.

1. State Sales and Income Taxes

Thanks to last-minute tax extender legislation passed last December taxpayers filing their 2014 returns can still deduct either state income tax paid or state sales tax paid, whichever is greater.



Within the Firm News


Eric Williams, CPA, ACI Promoted to Principal in Charge of the Captive Audit Group

Eric has been with Cover & Rossiter for 12 years and works on many of our large and complex audit engagements. He has taken on the responsibility of the Captive effort and has been involved since its inception in 2005. Eric joined Cover & Rossiter in 2003 as a Staff Accountant and has earned his promotions through his hard work and dedication to client service.


Announcing New Staff Members

Audit Department:
  • Ashley Smith – Staff Accountant: Ashley recently graduated from Pennsylvania State University with a B.S. in Accounting. She lives in Lancaster, Pa. and enjoys watching the Philadelphia Eagles and the Phillies.  

Looking Ahead

Have you experienced a major event in your life or changed your address? If so, please contact your Cover & Rossiter advisor so that we can be sure to provide you with the best advice and uninterrupted service. You can also update your information here.

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