It’s happening: Using social media for customer service

Everyone is on social media these days, including businesses and their customers. This creates a natural — or shall we say virtual — nexus for companies to field questions, comments and complaints from buyers or those interested in their products or services. In other words, whether companies realize it or not, customer service is happening […]

The tax rules for donating artwork to charity

If you’re an art collector, you may wonder about the tax breaks available for donating a work of art to charity. Several different tax rules may come into play in connection with such contributions. Basic rules Your deduction for a charitable contribution of art is subject to be reduced if the charity’s use of it […]

The tax advantages of hiring your child this summer

Summer is around the corner so you may be thinking about hiring young people at your small business. At the same time, you may have children looking to earn extra spending money. You can save family income and payroll taxes by putting your child on the payroll. It’s a win-win! Here are four tax advantages. […]

6 Tips for New Graduates Starting at a Small Indianapolis Accounting Firm

Woman using calculator in accounting firm.

Starting your career at a small accounting firm in Indianapolis can be both exciting and daunting. As a new graduate, you may be wondering how to stand out and excel in your new role. Here are five tips to help you win at work and make a positive impact at your firm. Be Proactive One of the […]

Starting a Business in Indiana: Some Simple Steps  

Starting a business is exciting but can be daunting if you’re an aspiring entrepreneur in Indiana and are ready to turn your dreams into reality. Don’t let the uncertainty of taking the plunge keep you from achieving success; with this guide on how to start a business in Indiana, we’ll walk you through all the […]

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 […]