News & Insights

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…

Treasury Secretary Steve Mnuchin announced today that the deadline for filing tax returns has been extended from April 15, 2020 to July 15, 2020. The Treasury had previously extended the tax return payment…

Outsourced accounting strikes some as risky – the financial equivalent of letting the valet park your car or someone else watch your kids. They don’t care the way I do. They’re too removed to spot…

New Jersey has enacted legislation creating: an elective entity-level alternative income tax (AIT) for pass-through businesses; and an offsetting credit to taxpayers who receive income from a pass-through…

The Form W-4 for 2020 and after has been redesigned so that employees will no longer be able to request adjustments to their withholding using withholding allowances. The employee uses the redesigned Form…