News & Insights

Two decades since the program started, Philadelphia City Council unanimously voted to change a controversial tax abatement for new builds within city limits. What was the 10-year tax abatement? The tax…

Research & development credits available to businesses are currently deductible in the applicable tax year, encouraging growth and investment. A change in the deductibility of this credit will go into…

MAPLE SHADE, NJ – Haefele, Flanagan & Co., p.c. is pleased to announce the merger of leading global accountancy groups, CPAAI (CPA Associates International) and MGI Worldwide. Haefele, Flanagan & Co.,…

Before you sign up for another streaming content or food delivery service, consider this: Debt-to-income (DTI) ratios have shifted dramatically in recent years, with the average American household earning…

As year-end approaches, each business should consider the many opportunities that might be lost if year-end tax planning is not explored. A business may want to consider several general strategies, such…

More employers will be able to give workers cash in lieu of health insurance because of a rule change that takes effect at the start of 2020. As of Jan 1, any employer can give employees pretax compensation…

Congress designated Qualified Opportunity Funds in 2017 with a win-win goal: To spur growth in 8,700 distressed communities, known as Qualified Opportunity Zones, via investment vehicles offering attractive…

Taxpayers should be on the lookout for new variations of tax-related scams. In the latest twist on a scam related to Social Security numbers, scammers claim to be able to suspend or cancel the victim’s…

As part of a wider effort to assist taxpayers and to enforce the tax laws in a rapidly changing area, the Internal Revenue Service issued two new pieces of guidance for taxpayers who engage in transactions…

If you’re noticing an uptick in mergers & acquisitions (M&A) activity, you’re not alone: 79% of respondents in Deloitte’s annual survey anticipated an increase in M&A transactions in 2019 – up from…