3 ways your business can uncover cost cuts
Every business wants to find them, but they sure don’t make it easy. We’re talking about cost cuts: clear and substantial ways to lower expenses, thereby strengthening cash flow and giving you a better shot at strong profitability. Obvious places to slash costs — such as wages, benefits and overhead — often aren’t a viable […]
Is now the time for your small business to launch a retirement plan?
Many small businesses start out as “lean enterprises,” with costs kept to a minimum to lower risks and maximize cash flow. But there comes a point in the evolution of many companies — particularly in a tight job market — when investing money in employee benefits becomes advisable, if not downright mandatory. Is now the […]
Michelle Skeen, CPA
Michelle is a Certified Public Accountant and has more than 33 years of public and private accounting and tax experience. At OnTarget CPA, Michelle specializes in accounting services, small business consulting, and individual and corporate tax planning and compliance. She is a graduate of the Leadership Academy of Madison County and Indiana and Ball State […]
Renee Jamison
After nearly 20 years in non-profit management, Renee joined the OnTarget CPA team in 2018. As Director of Operations, she is responsible for the behind-the-scenes efforts that include project management, internal efficiencies, policy and procedure, and marketing. Known for her writing and research skills, Renee supports the tax resolution team preparing materials for the IRS […]
John Worth, EA
An Enrolled Agent, John has over 15 years of public accounting experience specializing in the areas of taxation, business, and individual tax consulting services. As OnTarget CPA’s Tax Resolution Manager, he specializes in representation of taxpayers before the IRS and State Taxing Authorities in audits, collection cases, penalty abatement and offers in compromise. John has […]
Matthew Dammeier
Matthew obtained his Bachelor of Science in Accounting from the University of Indianapolis while working full-time for OnTarget CPA. As Tax Manager, Matthew prepares complex business and personal tax returns and provides business consulting services. Matthew was selected to be a member of the 2020-2022 Indiana CPA Society Young Pros Leadership Academy and currently serves […]
Michael Jamison, CPA
Michael has worked in the field of in public accounting since 2007. He holds the credentials of Certified Public Accountant (CPA) and Chartered Global Management Accountant (CGMA). Jamison was selected for CPA Practice Advisor’s 2020 “40 Under 40” Awards which recognize emerging leaders in the accounting profession. He was named as a top ten finalist […]
Renting to a relative? Watch out for tax traps
If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules Renting out a home or apartment that you own may result in a tax loss for you, even if the rental income is more than your operating […]
Employers should be wary of ERC claims that are too good to be true
The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19 pandemic. While the credit is no longer available, eligible employers that haven’t yet claimed it might still be able to do so by filing amended payroll returns for tax years 2020 […]
Save for retirement by getting the most out of your 401(k) plan
Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer offers a 401(k) or Roth 401(k), contributing to the plan is a smart way to build a substantial nest egg. If you’re not already contributing the maximum allowed, consider increasing your contribution. Because […]
