Key Provisions in the One Big Beautiful Bill Act Explained

President Trump has officially signed the One Big Beautiful Bill Act (OBBBA) into law — a major overhaul that will impact individuals and businesses alike. As details unfold, it’s more important than…

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Insight: Fair Pay, Clear Roles in the Family Business

Running a family business can be incredibly rewarding but it also comes with unique challenges, especially when it comes to assigning roles and setting compensation. For many family-run enterprises, the…

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No More Checks as Government Moves to Electronic Payments

Mandated by a recent Executive Order, the U.S. Treasury Department is eliminating paper checks and all payments to and from federal agencies must be made electronically. Paper refund checks and mailed-in…

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Insight: Build a Business that’s Ready for Buyers or Investors

At some point, every business owner considers their exit, whether it’s selling to a third party, passing the business on to the next generation, or bringing in an investor. But achieving the best possible…

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New Jersey Launches NJ Tax Portal

New Jersey has recently made major upgrades to its tax filing system, specifically affecting Sales and Use Tax, by launching a new online portal called the NJ Tax Portal.  Key Changes and Information:…

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Reminder to Pay your 2nd Quarter Estimates By June 16th

The deadline for the second quarter estimated tax payment for the 2025 tax year is Monday, June 16, 2025. This payment covers income earned from April 1 through May 31, 2025 . You may send estimated tax…

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Change Is Coming: Let Haefele Flanagan Help You Decipher the Big, Beautiful Tax Bill 

As tax legislation evolves, staying ahead of the changes isn’t just a good idea, it’s essential. With the upcoming tax reform being touted as “big” and “beautiful,” businesses and individuals…

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Insight: The Value of Advisory Boards for Family Businesses

Family-owned businesses account for 90% of all businesses worldwide, according to the Family Firm Institute. Yet despite their success, they face unique challenges, including succession planning, emotional…

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Why Now is the Perfect Time to Check Your Withholding

Now that tax season is behind us, it’s the ideal time to take a fresh look at your withholding for the upcoming year. While it’s easy to put taxes out of mind once you’ve filed, a quick check now…

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Insight: Ready for AI? The Business Transformation You Can’t Afford to Miss 

In boardrooms across the globe, one question dominates strategic discussions: “Are we ready for AI?” The answer often reveals more about organizational preparedness than technical capability.  The business…

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