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Tradition

Cover & Rossiter October Newsletter

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

Rightsourcing 

           Pete Kennedy, CPA


A common scenario is continuing to play itself out among my clients. The middle-aged Business Manager at a medium-sized nonprofit, who is in charge of everything financial, decides that it’s time to hang up those green eye-shades, unplug that 10-key, recycle that daily planner and head off to a place with warm breezes, friendly people and advantageous tax treatment. At this critical juncture, it would be a good idea to take a minute to consider an increasingly popular option – using a professional service company, or “rightsourcing.” 


Tax Planning for Small Business Owners


Tax planning is the process of looking at various tax options to determine when, whether, and how to conduct business and personal transactions to reduce or eliminate tax liability. 

Tax planning is an ongoing process, and good tax advice is a valuable commodity. Small business owners should review their income and expenses monthly and meet with their CPA or tax advisor quarterly to analyze the numbers and take full advantage of the provisions, credits and deductions that are legally available to them.





 

Identity Theft and Your Taxes 



Tax-related identity theft occurs when someone uses your stolen Social Security number to file a tax return and claim a fraudulent refund. It presents challenges to individuals, businesses, organizations and government agencies, including the IRS. 

In many cases, the IRS may be the first to let you know you’re a victim of ID theft after you try to file your taxes. Here’s what you should know about identity theft to help prevent it from the start. 




 

 

Within the Firm News

 

Angelique Luttrell Promoted to Staff Accountant in the Tax Department

 
Angelique was recently promoted to Staff Accountant in our tax department. She has been with Cover & Rossiter since the summer of 2004, when she joined the team as a member of the support staff. Angelique has a B.A. from San Francisco State University and an M.A. from the University of Delaware. Angelique is currently continuing her education and preparing for the CPA exam. 
 


 

Announcing New Staff Members

 
Peter Hopkins, CPA – Tax Manager: Peter joined the Cover & Rossiter team in July after relocating to Delaware from Jakarta, Indonesia. Peter has a B.B.A. in Public Accountancy and an M.S. in Taxation from Bernard M. Baruch College of the City University of New York. A native New Yorker, Peter has over 20 years of experience in public accounting and was a partner at a Manhattan CPA firm. He has extensive experience in income and estate tax planning. After the fabulous experience of living abroad, Peter is delighted to return to the United States, and he looks forward to the future with Cover & Rossiter.
 
Rob Sagedy, CPA – Tax Supervisor: Rob joined the Cover & Rossiter team in July. Prior to joining Cover & Rossiter, Rob ran his own firm for approximately eight years, offering tax planning and preparation services to both individual and business clients. He also has taught accounting, tax and corporate finance classes at Wilmington University. Rob lives in Cherry Hill, N.J. with his wife and three sons.  
 
Sherry Yao – Staff Accountant: Sherry grew up in Yantai, China and moved to the United States in 2013 to pursue her Master's Degree in Accounting at the University of Delaware. Sherry completed her degree in the spring of 2015 and received the Graduate Excellence in Academics Award. She is currently halfway through the CPA exams. During her free time, Sherry enjoys traveling, reading and taking Zumba, yoga or step classes.  
 
Colleen Grasso – Administrative Assistant: Originally from the south Jersey shore, Colleen relocated to Hockessin, Del. with her two children in August 2014. She is currently a student at Goldey-Beacom College pursuing a B.S. in Accounting. She is a CrossFit enthusiast and an avid Eagles and Phillies fan.

Pictured in image left to right: Rob Sagedy, Colleen Grasso, Sherry Yao & Peter Hopkins
 
       


Eric Williams, CPA, ACI Will Be Featured in Delaware Business Times 


Be on the lookout for the upcoming feature about Eric Williams, CPA, ACI and Cover & Rossiter in the October 13, 2015 issue of the Delaware Business Times about our services to Captive Insurance Companies. 





 

Cover & Rossiter Is Hiring 


Cover & Rossiter is currently accepting applications to fill an Audit Senior Accountant position and an Audit Staff Accountant position within the firm. Both positions are full-time and offer many unique benefits, including access to the latest office technology and opportunities for a substantial work-life balance.


Visit our website to view the complete job descriptions and instructions for submitting an application.
 


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.
 

Copyright © 2015 Cover & Rossiter, All rights reserved.


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