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Insights from OnTarget CPA

Businesses that operate in the retail or restaurant spheres have it relatively easy when it comes to collections. They generally take payments right at a point-of-sale terminal and customers go on their merry ways. (These enterprises face many other challenges,...

If you itemize deductions on your tax return, you may wonder: What medical expenses can I include? The IRS recently issued some frequently asked questions addressing when certain costs are qualified medical expenses for federal income tax purposes. Basic rules...

One popular fringe benefit is an education assistance program that allows employees to continue learning and perhaps earn a degree with financial assistance from their employers. One way to attract, retain and motivate employees is to provide education fringe benefits...

OnTarget

As a recent college graduate, you’re probably eager to get started in your chosen field and make a name for yourself. However, entering the workforce can be difficult, especially if you’re not sure what to expect or how to navigate...

Are you a budding entrepreneur dreaming of turning your small company into a success? Many steps need to be taken to get your business off the ground, but one of the most essential is seeking experienced business consulting services.Not only...

With concerns about inflation in the news for months now, most business owners are keeping a close eye on costs. Although it can be difficult to control costs related to mission-critical functions such as overhead and materials, you might find...

If you’re a crypto investor or user, you may have noticed something new on your tax return this year. And you may soon notice a new form reporting requirements for digital assets. Check the box Beginning with tax year 2022,...

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If you’re the owner of an incorporated business, you know there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason: A corporation can deduct the salaries and bonuses that it...

Reading a Careers Blog can provide valuable insights. Choosing the right company to work for as you begin your accounting career can make or break your professional success. At OnTarget CPA, we recognize that the success of our employees is...

When deciding the future of your business, succession planning is a critical task. Business owners take their companies through many phases with intricate decision-making that can affect future generations.Planning for how and when those decisions will be made is essential...