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Insights from OnTarget CPA

Business owners and their leadership teams are rightly urged to engage in regular strategic planning to move their companies, thoughtfully and consciously, in a positive direction. However, no matter how sound a set of strategic objectives might be, it’s always...

If your business occupies substantial space and needs to increase or move from that space in the future, you should keep the rehabilitation tax credit in mind. This is especially true if you favor historic buildings. The credit is equal...

A common question for people planning their estates or inheriting property is: For tax purposes, what’s the “cost” (or “basis”) an individual gets in property that he or she inherits from another? This is an important area and is too...

Finding the right firm to work for is critical if you want to build a successful accounting career. While larger firms may have a more prestigious reputation, small accounting firms like OnTarget CPA provide a diverse range of benefits that...

Tax time can be stressful. After all, no one likes the thought of owing money to the government when it comes to doing their taxes. But with some planning and know-how, you’re sure to get past tax season with flying...

As a business owner, you’ll likely need to have your company appraised at some point. An appraisal is essential in the event of a business sale, merger or acquisition. It’s also important when creating or updating a buy-sell agreement or...

Once you file your 2022 tax return, you may wonder what personal tax papers you can throw away and how long you should retain certain records. You may have to produce those records if the IRS audits your return or...

If you’re thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved, there are a couple of options to consider. Let’s take a look at a “simplified...

Person sitting in an accounting firm.

Introduction Making the decision to change careers is a big one and requires careful consideration. It’s important to weigh all the pros and cons before making a final decision, as a career change can have a significant impact on your...

Tax season can be intimidating, especially if you need clarification on the best strategies to get your taxes done and save as much money as possible. But don’t worry; there are plenty of ways to maximize your income for this...