News & Insights

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…

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…

The Internal Revenue Service reminds individual retirement arrangement (IRA) owners age 70½ and older that they can make up to $105,000 in tax-free charitable donations during 2024 through qualified charitable…

The Corporate Transparency Act (CTA), ratified into law on January 1, 2021, advances the agenda of deterring criminals from infusing their illicit funds into the U.S. financial system. For most eligible…

As we approach the close of 2024 and look ahead to 2025, many business owners are focused on transformation and growth. If increasing your company’s value is your goal, consider these New Year’s resolutions…

In the wake of the devastating hurricanes that have ravaged Florida and the Southeast in recent weeks, the Internal Revenue Service warned about charity scams and reassured victims that it stands ready…

By: Cristopher Sefransky, CPA, CFE, LSSGB Our industry is well over a year into implementation of the transitional guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Update…