OnTarget CPA

What happens if you’ve never filed a tax return for your business? 🤷

It’s a question more business owners face than you might expect—and the answer isn’t always straightforward.

While unfiled returns can lead to penalties and added scrutiny, the situation is often more manageable than it seems when you take the right steps early. The worst thing you can do is ignore it.

In our latest article, we walk through:
• The real consequences of not filing
• Common misconceptions that hold business owners back
• Practical steps to get compliant and move forward

If you’ve been putting it off, this is your chance to understand your options and take control.

👉 Read the full article here

What Happens If You’ve Never Filed a Tax Return for Your Business? Here’s the Honest Answer | OnTarget CPA Unfiled business tax returns are a situation where a business owner has missed one or more required federal or state tax filing deadlines without submitting the necessary returns to the IRS or Indiana Department of Revenue. Left unresolved, this creates compounding penalties, interest, and serious l...

Honoring the brave men and women who made the ultimate sacrifice for our country. 🇺🇸

This Memorial Day, we pause to remember their courage, express our gratitude, and reflect on the freedoms we enjoy because of them.

Wishing everyone a safe and meaningful holiday from all of us at OnTarget CPA.

🚨 Starting a business in Indiana? Don’t file anything just yet. 🚨

The decisions you make BEFORE registering—like choosing the right entity and tax setup—can impact your business for years to come. In fact, getting it wrong could cost you far more than the initial filing fee.

💡 Our latest article breaks down:
• Why your entity choice matters
• Key deadlines (like S-corp elections) you can’t miss
• Common mistakes business owners make—and how to avoid them

👉 Read more before you register

How to Start a Business in Indiana the Right Way – Before You Register Anything, Talk to a CPA | OnTarget CPA Starting a business in Indiana is the process of legally establishing, structuring, and financially preparing a new company under Indiana state law. Getting the structure right from day one saves you from costly mistakes that can follow you for years.

📣 Please join us in welcoming Kyle to the OnTarget CPA team!

Kyle joins us as our new Chief Operating Officer, bringing a wealth of experience and a passion for building strong teams, streamlining operations, and driving growth. His leadership will play a key role as we continue to elevate how we serve our clients and scale our impact.

We’re excited to have Kyle on board and look forward to what’s ahead! 👏

⚠️ TAX ALERT: Indiana & Illinois Tax Amnesty Programs Are Open Now

If your business has unresolved state tax liabilities in Indiana or Illinois, you have a limited-time opportunity to resolve them — with penalties, interest, and collection fees fully waived.

🔵 INDIANA — Tax Amnesty 2026
📅 July 15 – September 9, 2026
✔ All DOR-administered taxes for periods ending before Jan. 1, 2024
✔ Penalties, interest & collection fees: WAIVED
✔ Even businesses under audit are eligible
✔ Payment plans available through June 7, 2027

⚠️ Don't sit this one out: Indiana's standard penalty is 10% of tax owed — waived if you participate. But if you skip the amnesty, are later audited, and eligible liabilities are found, Indiana can assess a 20% penalty — double the standard rate — because you had the chance to resolve it and didn't.

🟠 ILLINOIS — Remote Retailer Amnesty 2026
📅 August 1 – October 31, 2026
✔ Out-of-state sellers with IL sales tax obligations
✔ Covers sales periods Jan. 1, 2021 – June 30, 2026
✔ Simplified flat tax rates available
✔ Full penalty & interest abatement upon compliance

Not sure if this applies to you? We can help assess your exposure before the window closes.

📞 317-820-2000
🌐 ontargetcpa.com

🏁 What a day at the track! 🏁

Yesterday, members of the OnTarget CPA team spent the day at the Indianapolis Motor Speedway catching one of the drivers’ practice sessions—and it was incredible to experience the speed, energy, and excitement up close.

We loved connecting with clients and enjoying a fun day outside the office. Thanks to everyone who joined us—we had a blast! 🏎️

💡 𝐓𝐡𝐢𝐧𝐤 𝐨𝐟𝐟𝐞𝐫𝐢𝐧𝐠 𝐚 𝐫𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐩𝐥𝐚𝐧 𝐢𝐬 𝐨𝐮𝐭 𝐨𝐟 𝐫𝐞𝐚𝐜𝐡 𝐟𝐨𝐫 𝐲𝐨𝐮𝐫 𝐬𝐦𝐚𝐥𝐥 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬? 𝐓𝐡𝐢𝐧𝐤 𝐚𝐠𝐚𝐢𝐧.

Even with a lean budget, there are practical ways to help your team (and yourself) save for the future. In our latest article, we break down 𝐭𝐰𝐨 𝐫𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐩𝐥𝐚𝐧 𝐨𝐩𝐭𝐢𝐨𝐧𝐬 𝐝𝐞𝐬𝐢𝐠𝐧𝐞𝐝 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜𝐚𝐥𝐥𝐲 𝐟𝐨𝐫 𝐬𝐦𝐚𝐥𝐥 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐭𝐡𝐚𝐭 𝐰𝐚𝐧𝐭 𝐟𝐥𝐞𝐱𝐢𝐛𝐢𝐥𝐢𝐭𝐲, 𝐬𝐢𝐦𝐩𝐥𝐢𝐜𝐢𝐭𝐲, 𝐚𝐧𝐝 𝐚𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐢𝐥𝐢𝐭𝐲.

✅ Lower administrative costs
✅ Easy setup and maintenance
✅ Valuable tax advantages

Read the full article to see which option could be the right fit for your business 👇

2 retirement plans for small businesses with lean budgets | OnTarget CPA Most business owners would like to offer their employees a 401(k) retirement savings plan with all the bells and whistles. But for small businesses with lean budgets and small staffs, offering such benefits may be out of the question. Fortunately, SEP IRAs and SIMPLE IRAs are less expensive and easi...

Spicing up our May Staff Celebration with Cinco de Mayo vibes! 🌮🎉 Great food, great energy, and even better people.

This National Admin Week, we’re celebrating the incredible administrative professionals who keep OnTarget CPA running smoothly every day.

Your organization, dedication, and behind-the-scenes impact never go unnoticed—thank you for all that you do! 💙

It’s officially the final day to file your 2025 tax return!

If you haven’t submitted your return yet, there’s still time — but today is the deadline to file or request an extension.

At OnTarget CPA, we’re here to help you finish strong. Whether you need last‑minute filing support or guidance on submitting an extension, our team is ready to assist.

📌 Remember: Filing an extension gives you more time to complete your return, but any taxes owed are still due today.

If you have questions, we’re just a call or message away.

🌟 Thank you for trusting OnTarget CPA this tax season! 🌟