How businesses can use stress testing to improve risk management

If you’ve been following the news lately, you’ve surely heard or read about the sudden rise in concern about the banking industry. Although the story is still unfolding, an important lesson for business owners is already clear: You’ve got to be constantly on guard against the many risks to your company’s financial solvency. One way […]

Some taxpayers qualify for more favorable “head of household” tax filing status

When preparing your tax return, we’ll check one of the following statuses: Single, married filing jointly, married filing separately, head of household or qualifying widow(er). Filing a return as a head of household is more favorable than filing as a single taxpayer. For example, the 2023 standard deduction for a single taxpayer is $13,850 while […]

“Why I Joined OnTarget CPA”: An Insider’s Perspective

Woman using laptop at an accounting firm.

As an experienced accountant, I was looking for a new opportunity to grow and learn, and OnTarget CPA has exceeded my expectations in every way. The combination of a talented team, commitment to staying on the cutting edge of the accounting industry, and a supportive and exciting work environment makes OnTarget CPA an Indianapolis accounting firm that I’m proud to be a part of. In this article, I’ll share some of the reasons why I joined this firm, and why it’s a great place to build your career. Opportunities for Growth and Development One of the main […]

Choosing an entity for your business? How about an S corporation?

If you’re starting a business with some partners and wondering what type of entity to form, an S corporation may be the most suitable form of business for your new venture. Here are some of the reasons why. A big benefit of an S corporation over a partnership is that as S corporation shareholders, you won’t […]

Hire the Best Bookkeeping Services and Grow Exponentially

Are you feeling overwhelmed by managing your finances lately? Growing a business can be challenging, especially when finances are involved. If this is your situation, then consider hiring professional bookkeeping services.Whether for an individual or a business, bookkeepers offer stability and efficiency in money management that helps prevent financial mismanagement and promotes exponential growth for […]

ACA penalties will rise in 2024

Recently, the IRS announced 2024 indexing adjustments to the applicable dollar amount used to calculate employer shared responsibility penalties under the Affordable Care Act (ACA). Although next year might seem a long way off, it’s best to get an early start on determining whether your business is an applicable large employer (ALE) under the ACA. If […]

What to Look for When Applying to an Indianapolis Accounting Firm

Man and a woman discussing accounting data.

Introduction The Indianapolis accounting market is a competitive and dynamic field, but it also presents numerous opportunities for aspiring accountants. Whether you’re a recent graduate or an experienced professional looking to make a change, it’s important to understand what to look for when applying to accounting firms in the Indianapolis area. Here are some key factors to consider […]

2023 Q2 tax calendar: Key deadlines for businesses and employers

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing […]

Get Services from the Best CPA Firm in Indianapolis

Are you looking for a trusted certified public accountant (CPA) firm in Indianapolis? Do you need help with any of your accounting needs or taxes? If so, then you’ve come to the right place. At our firm, we strive to provide individuals and businesses with outstanding service regarding their financial health. Our CPA team is […]