Election 2024: Overview of Tax Policies

Tax policy has emerged as a central topic in the 2024 US presidential election because it directly affects the financial well-being of individuals, businesses, and the overall economy. It not only determines…

Continue Reading

Blog: Sellability – A Priority for Savvy Business Owners

What are your business objectives for the year? Many entrepreneurs are focused on profitability and perhaps a revenue target. While these goals are critical, there’s another objective that could provide…

Continue Reading

QuickBooks Desktop to Stop Selling to New U.S. Subscribers

Intuit has made a decision that after Sept. 30, 2024, it will no longer sell new subscriptions to U.S. subscribers of the following products: Existing subscribers are not impacted by this change. Existing QuickBooks…

Continue Reading

IRS Moves Forward with Employee Retention Credit Claims

The Internal Revenue Service (IRS) has announced new measures to support small businesses and prevent improper payments under the Employee Retention Credit (ERC) program. These actions include accelerating…

Continue Reading

IRS Relief Now available to Hurricane Debby Victims

The Internal Revenue Service announced tax relief for individuals and businesses in five states affected by Hurricane Debby. Affected taxpayers in South Carolina, North Carolina, Florida, Georgia, and…

Continue Reading

Estimated Quarterly Taxes due September 16th

The Internal Revenue Service reminds taxpayers who pay estimated taxes that the deadline to pay their third quarter tax liability is September 16th. Taxpayers may have to pay estimated tax if the amount…

Continue Reading

Blog: The Hidden Cost of Government Grants

By: Cristopher Sefransky, CPA, CFE, LSSGB Government grants are a critical source of support revenue for nonprofit organizations.  Grant awards exist for a multitude of different types of organizations…

Continue Reading

Blog: 3 Ways to Help Your Business Operate Without Relying on You

If you’re aiming to build a valuable company, one of the most critical steps is ensuring your business can run smoothly without your constant involvement. While this journey might seem overwhelming, there…

Continue Reading

Update on Transferring Clean Energy and Vehicle Tax Credits

On July 1st, the IRS’s final regulations on clean vehicle credits and the transfer of eligible credits took effect and Haefele Flanagan is available to help you take full advantage of these tax incentives…

Continue Reading

Final Regulations on the Sale and Exchange of Digital Assets, including Cryptocurrency

The U.S. Department of the Treasury and the Internal Revenue Service issued final regulations requiring custodial brokers to report sales and exchanges of digital assets, including cryptocurrency. These…

Continue Reading