If you’re hiring independent contractors, make sure they’re properly handled
Many businesses use independent contractors to help keep their costs down — especially in these times of staff shortages and inflationary pressures. If you’re among them, be careful that these workers are properly classified for federal tax purposes. If the IRS reclassifies them as employees, it can be an expensive mistake. The question of whether […]
How to battle back against brandjacking
As individuals, we’re warned repeatedly about the dangers of online identity theft. Well, as a business owner, you’re in double jeopardy because a hacker might not only steal your personal identity, but also — or alternatively — hijack your company’s brand. It’s sometimes called “brandjacking.” Essentially, a fraudster copies or recreates a business’s digital assets and […]
The IRS has just announced 2024 amounts for Health Savings Accounts
The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA fundamentals An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.” An HSA can only be established for the benefit of an “eligible individual” who is covered […]
Questions you may still have after filing your tax return
If you’ve successfully filed your 2022 tax return with the IRS, you may think you’re done with taxes for another year. But some questions may still crop up about the return. Here are brief answers to three questions that we’re frequently asked at this time of year. When will your refund arrive? The IRS has […]
Addressing pay equity at your business
Businesses today are under increased pressure to fully understand and thoroughly respond to the issue of pay equity. And neither of these two broad undertakings is particularly easy. First, fully understanding what pay equity is and whether and how it’s played out at your company calls for research, analysis and perhaps some difficult discussions. The […]
The Ultimate Career Growth Destination: Why I Joined OnTarget CPA
OnTarget CPA is more than just a public accounting firm; it is a career development destination that provides exceptional opportunities for accounting professionals looking to advance their careers. As someone who has firsthand knowledge of this, I can confidently state that OnTarget CPA is the ultimate destination for career advancement. In the sections that follow, […]
Maximizing Your Career Fulfillment: Top 4 Traits of an Ideal Accounting Job
When it comes to maximizing your career fulfillment, using the top 4 traits of an ideal accounting job could make the difference. Finding the right accounting job is already complicated. Whether you’re just starting out in the industry or looking to make a change, identifying the top traits of an ideal accounting job can help […]
From Technical Skills to Team Fit: How OnTarget Evaluates Candidates for Accounting Job Openings
Finding the right candidate for a job opening in accounting can be a difficult task for any accounting firm. Hiring the right people is critical to OnTarget CPA’s success. OnTarget is an Indianapolis accounting firm that specializes in providing high-quality financial services to businesses and individuals. If you want to apply for an accounting job […]
6 tried-and-true strategies for improving collections
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, of course.) For other types of companies, it’s not so easy. Collections can be particularly […]
The IRS clarifies what counts as qualified medical expenses
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 and IRS clarifications You can claim an itemized deduction for qualified medical expenses that exceed […]
