Business

The Internal Revenue Service announced tax relief for individuals and businesses in five states affected by Hurricane Debby. Affected taxpayers in South Carolina, North Carolina, Florida, Georgia, and…

If you’re aiming to build a valuable company, one of the most critical steps is ensuring your business can run smoothly without your constant involvement. While this journey might seem overwhelming, there…

On July 1st, the IRS’s final regulations on clean vehicle credits and the transfer of eligible credits took effect and Haefele Flanagan is available to help you take full advantage of these tax incentives…

You know gross margin impacts your profit, but have you considered its effect on your company’s value? When evaluating your company’s value, acquirers and investors often scrutinize your gross profit…

In a unanimous decision issued on June 6, 2024, Justice Thomas ruled in favor of the Internal Revenue Service (IRS) on Estate of Connelly v. United States. The ruling held that life insurance proceeds…

The IRS has announced that most of the remaining Employee Retention Credit (ERC) claims are likely fraudulent or erroneous, leading to the impending denial of tens of thousands of these claims. The ERC…

Some business owners mistakenly believe that selling their company is a quick process, similar to a running a sprint. However, selling a business is more like a marathon, requiring significant time and…

Entrepreneurs know first-hand the challenges that small businesses face in achieving sustainable growth. One of the advantages we have at Haefele Flanagan as a trusted advisor is “perspective”, being…

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…

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…