Tax

Philadelphia businesses that use or occupy real estate for commercial purposes should be aware of an important tax change that took effect in 2026. The City of Philadelphia has eliminated the annual $2…

For many individuals and businesses, taxes become a priority only as filing deadlines approach. However, effective tax planning is not a once-a-year activity, it is an ongoing process that can help taxpayers…

The deadline for the second quarter estimated tax payment for the 2026 tax year is Monday, June 15, 2026. This payment covers income earned from April 1 through May 31, 2026. Estimated tax payments can…

On April 10, 2026, the U.S. Department of the Treasury and the IRS released final regulations implementing the “No Tax on Tips” provision of the One, Big, Beautiful Bill. The rules define what qualifies…

As millions of people file their 2025 tax returns, the Internal Revenue Service reminds taxpayers to use the Where’s My Refund? tool on IRS.gov to confirm receipt of their return and track a refund.…

Each year, the IRS releases its Dirty Dozen list to warn taxpayers about common scams that threaten personal and financial information. These schemes target individuals, businesses, and even tax professionals…

The Executive Order 14247, signed March 25, 2025, directs the U.S. Department of the Treasury and the Internal Revenue Service to transition federal payments to fully electronic methods. The goal is to…

The Internal Revenue Service reminds taxpayers who pay estimated taxes that they have until January 15th to make their payment for the 4th quarter of tax year 2025 without penalty. Who needs to make a…

TaxCaddy is a software program designed to make gathering tax documents and sharing them with your tax professional a breeze. But why take our word for it? Here are the top 5 reasons YOU should be using…

At Haefele Flanagan, we’ve worked alongside family businesses for decades and we know that running one takes more than hard work and good intentions. It takes planning, clarity, and the confidence that…