Impact of IRS Rule Changes on Inheritance Taxes

The Internal Revenue Service (IRS) has recently made significant changes to the tax rules concerning inheritances, potentially affecting how Americans transfer assets to their children. These changes,…

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Blog: Five Power Ratios to Start Tracking Now

Baseball’s leadoff batters measure their “on-base percentage” – the number of times they get on base – as a percentage of the number of times they get the chance to try. In hospitals, staff-to-patient…

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Where’s My Refund?

With millions of tax refunds going out each week, the Internal Revenue Service shared that recent improvements to Where’s My Refund? on IRS.gov remains the best way to check the status of a refund. The…

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PA’s Child and Dependent Care Enhancement Tax Credit Expanded for 2023

Last year, the Child and Dependent Care Enhancement Tax Credit delivered critical relief to roughly 210,000 families in Pennsylvania. Research has shown that a similar tax credit on the federal level…

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Blog: Are your Clients too Dependent on You?

Do your clients require your personal involvement in their accounts? When clients become excessively dependent on the owner, the business may encounter several setbacks. These include limited scalability…

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PA Non-Profits Have Online Filing Option for Sales Tax Exemption

Non-profits, such as charitable and volunteer organizations, can now apply for and renew a Pennsylvania sales tax exemption. The Department of Revenue launched this online application on myPATH in late…

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New Guidelines for Philadelphia Non-Resident Wage Refunds

Philadelphia has updated its guidelines for non-resident Wage Tax refunds which apply to tax years 2023 and beyond. The Wage Tax applies to all earnings made in Philadelphia, including salaries, wages…

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Blog: 5 Ways to Get your Business to Thrive Without You

Some business owners emphasize maximizing profits, while others concentrate on achieving sales targets. Have you ever contemplated prioritizing the establishment of your business in a way that enables…

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Wide Ranging Tax Bill Approved

On January 19, 2024, the House Ways and Means Committee overwhelmingly approved the Tax Relief for American Families and Workers Act of 2024 by a 40-3 vote. The bill provides for increases in the child…

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Kicking off 2024 with The Value Builder System™

When it comes to growing, protecting, and realizing the value of your business, do you know where to start? Haefele Flanagan is kicking off 2024 with The Value Builder System™, to provide relevant business…

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