Don’t forget to take required minimum distributions this year
If you have a traditional IRA or tax-deferred retirement plan account, you probably know that you must take required minimum distributions (RMDs) when...
26 January, 2021
Blog
The new Form 1099-NEC and the revised 1099-MISC are due to recipients soon
There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation and it must be furnished to...
26 January, 2021
PPP loans have reopened: Let’s review the tax consequences
The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re fortunate to get a...
19 January, 2021
One reason to file your 2020 tax return early
The IRS announced it is opening the 2020 individual income tax return filing season on February 12. (This is later than in past...
19 January, 2021
Michael Jamison, CPA, 40 Under 40 Honoree
Michael Jamison, CPA, CGMA - 2020 40 Under 40 Honoree President, OnTarget CPA https://ontargetcpa.com Career highlights: Founded and became President of OnTarget CPA in late 2015 ...
14 January, 2021
Proactive Indianapolis CPA
Proactive Indianapolis CPA A good CPA can handle typical business tax issues. A proactive Indianapolis CPA must be able to move beyond these basic...
13 January, 2021
Educate yourself about the revised tax benefits for higher education
Attending college is one of the biggest investments that parents and students ever make. If you or your child (or grandchild) attends (or...
12 January, 2021
Can your business benefit from the enhanced Employee Retention Tax Credit?
COVID-19 has shut down many businesses, causing widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls are eligible for a...
12 January, 2021
Need another PPP loan for your small business? Here are the new rules
Congress recently passed, and President Trump signed, a new law providing additional relief for businesses and individuals during the COVID-19 pandemic. One item...
07 January, 2021
New law doubles business meal deductions and makes favorable PPP loan changes
The COVID-19 relief bill, signed into law on December 27, 2020, provides a further response from the federal government to the pandemic. It also...
05 January, 2021