Eligible IRA Owners can Donate More to Charity in 2024

The Internal Revenue Service reminds individual retirement arrangement (IRA) owners age 70½ and older that they can make up to $105,000 in tax-free charitable donations during 2024 through qualified charitable…

Continue Reading

Deadline Approaching for Corporate Transparency Act/BOI Reporting

The Corporate Transparency Act (CTA), ratified into law on January 1, 2021, advances the agenda of deterring criminals from infusing their illicit funds into the U.S. financial system. For most eligible…

Continue Reading

Year-end Tax and Financial Planning for Small Businesses

As we approach the end of 2024, it’s important to take a closer look at your tax and financial plans and discuss steps to reduce taxes and help you save for your future. With a new administration on…

Continue Reading

Year-end Tax and Financial Planning for Individuals 

As we close out 2024, now is the time to review your tax and financial strategies and explore opportunities to reduce your tax burden and bolster your future savings. With a new administration incoming…

Continue Reading

Blog: 10 Resolutions to Boost Your Company’s Value

As we approach the close of 2024 and look ahead to 2025, many business owners are focused on transformation and growth. If increasing your company’s value is your goal, consider these New Year’s resolutions…

Continue Reading

Hurricane Updates: IRS Tax Related Assistance and Warning about Charity Scams

In the wake of the devastating hurricanes that have ravaged Florida and the Southeast in recent weeks, the Internal Revenue Service warned about charity scams and reassured victims that it stands ready…

Continue Reading

Blog: Challenges Faced by Not-for-Profit Organizations in Adopting the New CECL Standard

By: Cristopher Sefransky, CPA, CFE, LSSGB Our industry is well over a year into implementation of the transitional guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Update…

Continue Reading

Blog: The Unexpected Key to Achieving Your Goals

As 2024 enters its final quarter, you’re likely reflecting on your business objectives for the next year. Perhaps you’re aiming to establish a recurring revenue stream, hire a general manager, or start…

Continue Reading

Haefele Flanagan Honored as NJBIZ 2024 Best Places to Work

NJBIZ asked and our employees answered. The outcome? Haefele Flanagan is a NJBIZ Best Place to Work! The 2024 honorees, categorized by small (15-49 employees), medium (50-249 employees), and large (more…

Continue Reading

Smart Savings: 529 Plan to Roth IRA

The SECURE 2.0 Act, passed at the end of 2022, introduced over 100 measures aimed at enhancing American savings. Among these is a provision allowing up to $35,000 in unused funds from a Sec. 529 education…

Continue Reading