News & Insights

Family businesses are built on trust, shared values, and a sense of legacy. However, these qualities can also create challenges when family members request to join the company, especially if they lack…

New Year, New Updates: Stay informed with the latest tax updates and strategies. Our team at Haefele Flanagan is here to help you navigate the changes and make informed decisions for 2025. BOI Reporting…

What can hold a family-business back? Unfortunately, it’s not uncommon to see even successful family-owned businesses struggle to grow. When working with our clients, both family and non-family-owned…

In 1999, the Government Accounting Standards Board (“GASB”) issued Statement No. 34, Basic Financial Statements – and Management’s Discussion and Analysis – for State and Local Governments. …

January 22, 2025: Haefele Flanagan is deeply saddened to announce the passing of its founder, Robert (Bob) Thomas Haefele, CPA. A visionary leader and a dedicated professional, Bob Haefele established…

Starting in 2025, the SECURE 2.0 Act allows eligible participants who are ages sixty to sixty-three to make “super-catch-up contributions” of up to the greater of: $10,000, or 150 percent of the regular…

The Internal Revenue Service issued Notice 2024-85 PDF providing transition relief for third-party settlement organizations (TPSOs), also known as payment apps and online marketplaces, regarding transactions…

The Internal Revenue Service reminds taxpayers who pay estimated taxes that they have until January 15th to make their payment for the 4th quarter of tax year 2024 without penalty. Who needs to make a…

On Tuesday, December 3, 2024, a federal district court in Texas issued an order granting a nationwide, preliminary injunction that: (1) enjoins enforcement of the Corporate Transparency Act (CTA) and regulations…

Have you ever wondered why fire trucks always back into the fire hall instead of pulling in head-first like most vehicles? The reason is simple: it’s all about being prepared for quick action. By backing…