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Tradition

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 included in this newsletter. Our goal is to become your leading financial resource, and we hope that 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.

From all of us at Cover & Rossiter, we wish you the best this holiday season and hope you have a happy and healthy new year!      

 

In this Issue:


Looking Ahead to 2016: Important Reminders That May Affect Your Tax Return 


Have you experienced a major event in your life or changed your address? Did you get married or have a baby? Perhaps you started a new business or sold an existing business. Maybe you or your spouse even retired or contributed to a Roth IRA. 

If you recently experienced a change including, but not limited to, the events listed above, please contact your Cover & Rossiter advisor so we can update your client information and provide you with the best advice and uninterrupted service. If you are unsure whether your recent change will affect your tax planning and preparation, you can always contact your advisor to confirm.

You can also update your information through a secure form on the Cover & Rossiter website

Within the Firm News


Eric Williams Named a Top 10 Public Accounting Professional Rising Star in Delaware


Eric Williams, CPA, ACI, the Principal in Charge of the Captive Audit Group in Cover & Rossiter’s audit department, was recently named a Top 10 Public Accounting Professional Rising Star in Delaware by the National Academy of Public Accounting Professionals. The Public Accounting Professional Rising Stars have been practicing less than 15 years, yet have reached an elite professional status in the eyes of peers and clients.  

According to the NAPAP, “The small number of professionals who are good enough to make our list have demonstrated an extraordinary amount of knowledge, skill, experience, expertise, and success in their field.”
 

Employee or Independent Contractor – Which Is It?


If you hire someone for a long-term, full-time project or a series of projects that are likely to last for an extended period, you must pay special attention to the difference between independent contractors and employees. If you incorrectly classify an employee as an independent contractor, you can be held liable for employment taxes for that worker, plus penalties.

2015 Tax Provisions for Individuals: A Review


From tax credits and educational expenses to the AMT, many of the tax changes affecting individuals for 2015 were related to the signing of the American Taxpayer Relief Act (ATRA) in 2012 – tax provisions that were modified, made permanent or extended.

With that in mind, here’s what individuals and families need to know about tax provisions for 2015.

 

2015 Tax Provisions for Businesses: A Review


Individuals have to plan and prepare for their personal tax returns, but if those individuals are also business owners, they must plan accordingly for the business too.

Whether you are filing as a corporation or sole proprietor, here’s what business owners need to know about tax changes for 2015.
 

 

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