News & Insights

The new Wage Tax rate for non-residents of Philadelphia who are subject to the Philadelphia City Wage Tax is 3.5019% (.035019). The Wage Tax rate for residents of Philadelphia remains 3.8712% (.038712)…

Family Leave Insurance provides New Jersey workers cash benefits to bond with a newborn, newly adopted, newly placed foster child, or to provide care for a seriously ill or injured family member. While…

On June 11th, the Small Business Administration (SBA) released a revised Interim Final Rule covering the PPP Loan forgiveness process based on the new legislation included in the PPP Flexibility Act. This…

Last night, the Senate passed new PPP legislation called the Paycheck Protection Program Flexibility Act, which was passed by the House last week. It now heads to the President’s desk where he is expected…

On May 15th, the Small Business Administration (SBA) along with the U.S. Department of the Treasury released the long awaited Paycheck Protection Program Loan Forgiveness Application along with detailed…

On May 13, 2020, the SBA updated its Frequently Asked Questions, adding Question 46 which provides some guidance on how the SBA will review borrowers’ economic necessity certifications. There is good…

One of the most important aspects of the CARES Act was the Paycheck Protection Program (“PPP”).  Obtaining a PPP loan has been the priority for most small and mid-size businesses. It was so popular…

The latest coronavirus funding bill, officially known as H.R. 266 “Paycheck Protection Program and Health Care Enhancement Act,” was signed by President Trump on Friday, April 24, 2020, after being passed…

MAPLE SHADE, NJ, April 24, 2020 – Haefele, Flanagan & Co., PC, a full service business advisory, accounting, auditing, and tax services firm, proudly announces the addition of Julia Brines as Director…

Roth IRAs are tax-favored accounts to which qualified taxpayers can make after-tax contributions. Contributions to the account can grow tax-free, and neither the contributions nor the earnings on them…