News & Insights

Teachers and other educators planning ahead for 2022 will be able to deduct up to $300 of out-of-pocket classroom expenses when they file their federal income tax return next year. This is the first time…

Did you know that 99% of all businesses in the United States are small businesses? Most of our clients are small businesses and many of those are multi-generation family owned. According to a report issued…

Summer 2022: Haefele Flanagan’s office will be closed on Fridays beginning May 27th through September 2nd. Your tax professional will be available during regular business hours, Mon -Thurs. 8:30am – 5pm…

Starting in 2022, you must file quarterly returns and must do so online on the Philadelphia Tax Center. They will no longer accept paper returns. Your first filing due date in the new schedule is May 2…

By Ken May, Partner Working with my transportation clients at Haefele Flanagan, I’m often asked, “Should I lease, or should I buy?” As with many business decisions, this is not a one-size-fits-all…

The Internal Revenue Service advises taxpayers that the fastest and easiest way to check on tax refunds is by using the Where’s My Refund?  tool on IRS.gov or through the IRS2G mobile app. Taxpayers can…

Since the start of the pandemic, many have found new employment outside of the traditional 9-5 workday. If you earned income from a freelance gig, you’ll need to report that on your taxes. Even if you…

By Ken May, Partner In modern society, transportation is more important than ever.  People take for granted that they can move around the world easily and have products delivered to their door in a day…

Haefele Flanagan is pleased to announce that Erica Peterson, CPA, Ken May, CPA, CVA, and Andrew Ryzner, CPA have been promoted to Partner. Since joining Haefele Flanagan in 2001, Erica Peterson has provided…

N.J. Governor Murphy signed legislation that effective immediately raises the threshold at which a nonprofit must undergo an audit from $500,000 to $1 million in gross revenues. It also provides that in-kind…