How Local Businesses in Indianapolis Are Transforming Tax Strategies
Indianapolis businesses are revolutionizing their tax strategies in response to evolving tax laws, leveraging local knowledge and innovative technology. On-Target CPA provides personalized solutions that enhance financial health and compliance. With the fiscal year-end approaching, businesses are urged to reassess their strategies to secure savings and growth opportunities. Contact On-Target CPA for tailored advice that aligns with your goals.
How will taxes affect your merger or acquisition?
Whether you’re selling your business or acquiring another company, the tax consequences can have a major impact on the transaction’s success or failure. So if you’re thinking about a merger or acquisition, you need to consider the potential tax impact. Asset sale or stock sale? From a tax standpoint, a transaction can basically be […]
6 last-minute tax tips for businesses
Year-round tax planning generally produces the best results, but there are some steps you can still take in December to lower your 2025 taxes. Here are six to consider: 1. Postpone invoicing. If your business uses the cash method of accounting and it would benefit from deferring income to next year, wait until early […]
4 types of interest expense you may be able to deduct
Personal interest expense generally can’t be deducted for federal tax purposes. There are, however, exceptions. Here are four, one of which is a new break under the One Big Beautiful Bill Act (OBBBA), which was signed into law in 2025. 1. Mortgage interest Perhaps the most well-known interest expense deduction, home mortgage interest may […]
How the new Trump Accounts for children will work
A new tax-advantaged way to help children build up savings for the future was created by the One Big Beautiful Bill Act (OBBBA): Trump Accounts (TAs). Under a pilot program, you can make an election to set up a TA for your U.S. citizen child born in 2025 through 2028 and the federal government will […]
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 […]
