News & Insights
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 ReadingBlog: 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 ReadingQuickBooks 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 ReadingIRS 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 ReadingIRS 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 ReadingEstimated 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 ReadingBlog: 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 ReadingBlog: 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 ReadingUpdate 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 ReadingFinal 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