Blog: Five Power Ratios to Start Tracking Now

Baseball’s leadoff batters measure their “on-base percentage” – the number of times they get on base – as a percentage of the number of times they get the chance to try. In hospitals, staff-to-patient…

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Blog: Are your Clients too Dependent on You?

Do your clients require your personal involvement in their accounts? When clients become excessively dependent on the owner, the business may encounter several setbacks. These include limited scalability…

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Blog: 5 Ways to Get your Business to Thrive Without You

Some business owners emphasize maximizing profits, while others concentrate on achieving sales targets. Have you ever contemplated prioritizing the establishment of your business in a way that enables…

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Wide Ranging Tax Bill Approved

On January 19, 2024, the House Ways and Means Committee overwhelmingly approved the Tax Relief for American Families and Workers Act of 2024 by a 40-3 vote. The bill provides for increases in the child…

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Kicking off 2024 with The Value Builder System™

When it comes to growing, protecting, and realizing the value of your business, do you know where to start? Haefele Flanagan is kicking off 2024 with The Value Builder System™, to provide relevant business…

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New Voluntary Disclosure Program for Employers who Received Questionable Employee Retention Credits

The Internal Revenue Service launched a new Voluntary Disclosure Program to help businesses who want to pay back the money they received after filing ERC claims in error. The special disclosure program…

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Beneficial Ownership Information Reporting under the Corporate Transparency Act

Starting January 1, 2024, a significant number of businesses will be required to comply with the Corporate Transparency Act (“CTA). The CTA was enacted into law as part of the National Defense Act for…

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IRS Announces Withdrawal Process for Employee Retention Credit Claims

As part of a larger effort to protect small businesses and organizations from scams, the Internal Revenue Service today announced the details of a special withdrawal process to help those who filed an…

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IRS Offers Tax Relief to Taxpayers Affected By Crisis in Middle East

The Internal Revenue Service is offering tax relief to individuals and businesses impacted by the unfolding crisis in the Middle East that has ensnared many Americans residing in or visiting the Holy Land…

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IRS orders Immediate Stop to New Employee Retention Credit Processing

Amid rising concerns about a flood of improper Employee Retention Credit (ERC) claims, the Internal Revenue Service announced an immediate moratorium through at least the end of the year on processing…

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