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Cover & Rossiter December Newsletter

Happy Holidays to all of our clients, friends and associates. We hope you enjoy our December 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:

Stubborn Things

           Pete Kennedy, CPA

It’s been suggested to me that I write an article on the travails of the Delaware Art Museum, but I've stubbornly held off. After all, although it’s just up the road, the Art Museum has never been a client and I do not know any of the people involved, nor do I have any inside information regarding its situation. But an article in The New York Times on Sunday, August 7, has made me reconsider.

Warning to Taxpayers: IRS Scam Phone Calls Continue

         Andrew Johnson, CPA
In the last few weeks there has been an aggressive IRS telephone scam which has been sweeping across the country. The phone scam is performed by people posing as tax agency representatives.

These individuals may call demanding immediate payment of balances due or may even claim to be trying to get more information to process a refund that you are owed. Whatever route they take, the end goal of these individuals is the same, to get your private information.


Tips on Travel While Giving to Charity

Do you plan to donate your services to charity this year? Will you travel as part of the service? If so, some travel expenses may help lower your taxes when you file your tax return next year. Here are five tax tips you should know if you travel while giving your services to charity.

1. You can’t deduct the value of your services that you give to charity, but you may be able to deduct some out-of-pocket costs that you pay to give your services–including the cost of travel.


Within the Firm News


Cover & Rossiter Earns National Recognition for Services to Captive Insurance Industry 

Cover & Rossiter, one of Delaware’s oldest and most respected certified public accounting and advisory firms, has earned national recognition for services to the captive insurance industry. The firm earned Highly Commended honors in the CPA Firm category from the 2014 US Captive Service Awards at an event held on October 6 in Chicago, Illinois.

Team Members Volunteer at the Ronald McDonald House

Cover & Rossiter team members had a great experience volunteering at the Ronald McDonald house. They helped unload materials, test Christmas lights and put together some of the decorations.

Announcing New Staff Members

Audit Department:
  • Patrick Liu – Staff Accountant: Patrick recently graduated from the University of Delaware with a Master of Science in Accounting. Patrick was born and raised in China, where he received his undergraduate degree. He now resides in Wilmington, Del. 
Tax Department: 
  • Kelly Hu – Staff Accountant: Kelly graduated from Drexel University with a Masters Degree in Accounting. Kelly was born and raised in China, and relocated a few years ago to pursue her degree in accounting. She now resides in Philadelphia, Pa.
  • Zach Prettyman – Staff Accountant: Zach graduated from the University of Delaware with a B.S. in Accounting and recently received an M.S. in Accounting from Wilmington University. He is preparing for the CPA exam, lives in Greenville, and likes to travel and produce music in his (rare) free time.
Small Business Accounting Services Department:
  • Mike Beraud – Staff Accountant: Mike graduated from Louisiana State University with a B.S. in Finance. He grew up near Baton Rouge, La. and now resides in Clayton, Del. with his wife and daughter. He loves the outdoors and college football, and his wife and daughter love the beach. 

Looking Ahead to 2015

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.

Copyright © 2014 Cover & Rossiter, All rights reserved.

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