Reminder: 2nd Quarter Tax Estimates Due June 15th

The Internal Revenue Service reminds taxpayers who pay estimated taxes that they have until June 15th to make their payment for the second quarter of tax year 2022 without penalty. If you mail your estimated…

Continue Reading

Blog: Thinking About Transitioning from Your Business?

By Hal Levenson, Partner & Chief Visionary Officer There’s a startling statistic out there for us baby boomers. According to the U.S. Census Bureau’s 2017 National Population Projections, all baby…

Continue Reading

Grants for Diverse-Led Businesses Creating Jobs in New Jersey & Pennsylvania

Founders First CDC is awarding a total of $100,000 in FREE grants for 30 diverse-led businesses in the Pennsylvania and New Jersey area to help them grow and scale. Apply now before the deadline: June…

Continue Reading

Maximum Educator Expense Deduction rises in 2022

Teachers and other educators planning ahead for 2022 will be able to deduct up to $300 of out-of-pocket classroom expenses when they file their federal income tax return next year. This is the first time…

Continue Reading

Five Free Ways to Support Small Businesses

Did you know that 99% of all businesses in the United States are small businesses? Most of our clients are small businesses and many of those are multi-generation family owned. According to a report issued…

Continue Reading

2022 Summer Hours at Haefele Flanagan

Summer 2022: Haefele Flanagan’s office will be closed on Fridays beginning May 27th through September 2nd. Your tax professional will be available during regular business hours, Mon -Thurs. 8:30am – 5pm…

Continue Reading

First 2022 Philadelphia Wage Tax Quarterly Filing Date is May 2nd

Starting in 2022, you must file quarterly returns and must do so online on the Philadelphia Tax Center. They will no longer accept paper returns. Your first filing due date in the new schedule is May 2…

Continue Reading

Blog: Transportation: Should I Lease or Should I Buy?

By Ken May, Partner Working with my transportation clients at Haefele Flanagan, I’m often asked, “Should I lease, or should I buy?” As with many business decisions, this is not a one-size-fits-all…

Continue Reading

Where’s My Tax Refund?

The Internal Revenue Service advises taxpayers that the fastest and easiest way to check on tax refunds is by using the Where’s My Refund?  tool on IRS.gov or through the IRS2G mobile app. Taxpayers can…

Continue Reading

Tax Considerations for Self-employed or Side-Hustle Income

Since the start of the pandemic, many have found new employment outside of the traditional 9-5 workday. If you earned income from a freelance gig, you’ll need to report that on your taxes. Even if you…

Continue Reading