What Indianapolis Business Owners Need to Know About New Tax Regulations
Indianapolis business owners face evolving tax regulations that offer both challenges and opportunities. Understanding these changes is crucial for compliance and growth. Recent adjustments by the Indiana Department of Revenue aim to streamline processes and offer incentives for sustainability and innovation. Engaging with professional advisors can help navigate these complexities. On-Target CPA provides local knowledge to optimize your tax strategy. Schedule a consultation today to ensure your business stays ahead of these changes.
Is your business ready for the tax deadline that’s on Groundhog Day this year?
Normally businesses must furnish certain information returns to workers and submit them to the federal government by January 31. But this year, that date falls on a Saturday. So the deadline is the next business day, which happens to be Groundhog Day: February 2, 2026. W-2s for employees By February 2, employers must furnish and/or file these […]
Is your business vulnerable to payroll fraud?
Payroll fraud schemes can be costly — and for small businesses, devastating. The Association of Certified Fraud Examiners (ACFE) has found that the median loss from payroll fraud schemes is $50,000. However, some long-term payroll frauds, particularly when perpetrated by upper management, have produced losses in the millions of dollars. Can your company afford […]
The Best Time to Optimize Your Tax Strategy in Indianapolis Is Right Now – Here’s Why
Don’t let tax planning become a last-minute panic. For Indianapolis residents, optimizing your tax strategy now can save significant time, money, and stress. With evolving tax laws and unique local regulations, understanding your tax obligations is crucial. Professional guidance can uncover overlooked deductions and credits, as seen in recent case studies. Take control today by scheduling a consultation with On-Target CPA, and ensure a stress-free financial future in 2024.
Tax filing FAQs for individuals
The IRS is opening the filing season for 2025 individual income tax returns on January 26. This is about the same time as when the agency began accepting and processing 2024 tax year returns last year, despite IRS staffing having been significantly reduced since then. Here are answers to some FAQs about filing. When […]
Important 2026 tax figures for businesses
A new year brings many new tax-related figures for businesses. Here’s an overview of key figures for 2026. Be aware that exceptions or additional rules or limits may apply. Depreciation-related tax breaks Bonus depreciation: 100% Section 179 expensing limit: $2.56 million Section 179 phaseout threshold: $4.09 million Qualified retirement plan limits 401(k), 403(b) and 457 […]
The Best Time to Review Your Financial Goals in Indianapolis Is Right Now – Here’s Why
In Indianapolis, the time to reevaluate your financial goals is now. With an evolving economic landscape and rising household debt, proactive financial management is crucial. On-Target CPA offers local insights and professional guidance tailored to help navigate Indianapolis’s reliable economy. Avoid common pitfalls by consulting with trusted advisors, leveraging local tax incentives, and staying informed of economic trends. Take charge of your financial future today with personalized consultations and strategic planning.
Consider these issues before providing (or reimbursing) mobile phones
For many employees, mobile phones are no longer a perk — they’re an essential business tool. However, issuing company phones or reimbursing employees for use of their personal devices can create hidden security risks, unexpected tax consequences and productivity concerns for business owners. Here are some key issues to consider before rolling out or revising […]
Why Doing Your Own Taxes Might Actually Make Things Worse
Navigating tax season can be daunting, especially for Indianapolis residents facing complex local tax codes. DIY tax filing may seem cost-effective, but hidden errors can lead to costly audits and penalties. On-Target CPA offers professional guidance that not only ensures compliance but also uncovers potential savings. With over 15 years of experience, their team stays updated on the latest tax laws, providing peace of mind and financial security. Schedule a consultation today to optimize your tax strategy and protect your financial well-being.
A new year means new tax figures for individuals
Many tax figures are annually adjusted for inflation and typically increase each year (or at least every few years). For 2026, some additional changes are going into effect under the One Big Beautiful Bill Act, signed into law July 4, 2025. Here’s an overview of some important limits and other tax figures for 2026. […]
