Tax
Key Tax Updates for 2025
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 Still...
Tax Services / Tax Planning & Compliance
Thoughtful tax guidance aligned with your long-term financial goals
At hfco, our tax advisors guide clients through complex federal, state, and local requirements, and then go further, identifying strategies to reduce tax exposure and improve financial outcomes. We have been doing this for privately held organizations and family-owned businesses across the region for more than fifty years.
Comprehensive tax planning and compliance across every entity type
Our tax advisors bring deep technical knowledge and genuine familiarity with the industries and business structures our clients operate in.
From annual compliance to complex multi-state operations and transaction-related tax planning, we tailor our approach to the specific demands of your organization.
What we deliver:
- Tax compliance for individuals, corporations, partnerships, limited liability companies, trusts, estates, and various foreign information forms
- Sales and use tax planning and compliance
- Consulting services for business transactions: structuring property transactions, mergers and acquisitions, business reorganizations, and tax deferral on asset sales
- Multi-state tax planning and compliance
- Research & Development (R&D) tax credit identification, optimization, and studies
- Alternative fuel, training, energy-efficient and other tax credit evaluation
- Tax strategy for business transitions, succession, and ownership changes
- Estate and Gift Tax planning
- Cost Segregation Studies
Year-End Tax Planning for Small Businesses
Before a great strategic plan comes a clear-eyed assessment of where you are today.
The fourth quarter is the last window to make tax decisions that affect the year’s bill. This guide walks small business owners through the moves that matter most before December 31 — from accelerating deductions and reviewing retirement plan contributions to evaluating equipment purchases and planning around estimated payments.
Any questions that we have during the year, they're very responsive. We trust them with all the filings for our taxes. Their customer service, their response, their knowledge base, their professionalism — I can't say enough good things about them. They're superb."
Dawn Varley, Corporate Controller
Jottan
Our insights on tax services
Tax
Three Smart Year-End Giving Moves to Keep your Tax Benefit
With major tax changes in play from the One Big Beautiful Bill Act (OBBBA), now is the time to review year-end charitable planning. Certain OBBBA provisions take effect in 2026 and could reduce the tax...
Tax Services
IRS Announces New Tax Brackets under OBBBA
The IRS has released its official 2026 inflation adjustments, outlining new tax brackets, standard deduction increases, and several important updates that will affect both individuals and businesses.These changes apply to tax returns filed in 2027....
Tax Services
Philadelphia Tax Exemptions Coming to an End: What Your Business Needs to Know
Philadelphia has announced important changes to its tax policies that will impact businesses beginning with the 2025 tax year. Two key exemptions that many taxpayers have relied on will be eliminated: What This Means for...
Tax Services
R&D Tax Relief Returns with the One Big Beautiful Bill
The recently passed One Big Beautiful Bill (OBBB) brings important changes that significantly improve how businesses can treat research and development (R&D) expenses for tax purposes. These updates reverse provisions introduced under the Tax Cuts...
Tax Services
Key Provisions in the One Big Beautiful Bill Act Explained
President Trump has officially signed the One Big Beautiful Bill Act (OBBBA) into law — a major overhaul that will impact individuals and businesses alike. As details unfold, it’s more important than ever to have trusted...
What businesses ask about tax services
Does hfco handle both business and personal tax returns?
Yes. We provide tax services for businesses across every entity structure as well as owners, executives, and family members whose personal tax situation is closely connected to their business interests.
Can hfco represent me in an IRS examination?
Yes. Our advisors have extensive experience representing clients in revenue agent examinations, appeals, and disputes with federal, state, and local tax authorities.
Do you work with multi-state businesses?
Yes. Multi-state tax planning and compliance is a core part of our practice. We help businesses understand their nexus obligations and navigate state and local tax requirements across multiple jurisdictions.
How often should we be meeting with our tax advisor?
For most privately held businesses, quarterly check-ins are appropriate to ensure your strategy remains current.
Is an initial consultation free?
Yes, your initial consultation is complimentary.
Meet your tax planning & compliance advisors
Our tax advisors maintain ongoing relationships with clients throughout the year, not just at filing time. Whether you are looking for proactive tax planning, multi-state compliance support, or representation in a dispute, we bring deep technical knowledge and genuine familiarity with the industries and structures our clients operate in.
