OnTarget CPA

For any company to function effectively, all its departments must operate at their best. Accounting is a vital area necessary for maintaining accurate and up-to-date financial records. Unfortunately, the pandemic created many challenges in this area and small businesses are struggling with financial performance, staffing, and related operational challenges. OnTarget CPA, a certified public accounting firm, is working to bridge these gaps and assist clients to overcome these difficulties.

OnTarget CPA offers accounting, consulting, tax preparation, and tax resolution services to small and medium-sized businesses. They serve as an outsourced accounting department, maintaining accounting records, analyzing financial performance, and advising business decision-making. Going beyond the financials, OnTarget CPA takes a holistic approach in supporting their clients and collaborates with business owners to help them to achieve their financial and strategic goals. As the remote work force grows and as businesses expand operations into new states, they assist clients with multi-state registration and compliance. They also provide training for their clients' internal employees and consult on accounting processes and systems.

At the onset of the 2020 public health crisis, OnTarget CPA went above and beyond the call of duty to help business owners with pandemic-related relief. The firm has been extremely proactive assisting clients with various federal and local relief programs, including PPP and EIDL loans, and PPP forgiveness applications. They help businesses calculate and file for Employee Retention Credits, as well as apply for industry-specific grants and relief programs, each with a myriad of application and compliance requirements. As the business community continues to rebound from the economic hardship brought on by the pandemic, the OnTarget team will continue to proactively provide value-driven support for their clients.

According to Michael Jamison, the president of OnTarget CPA, “By providing solutions to business owners that they are unable to find themselves, we aim to positively affect the businesses financial health and bottom-line success.”

Their tax resolution team comprised of CPAs and Enrolled Agents specifically trained to work with the IRS and state taxation authorities conducts compliance checks with each taxing agency to identify issues with tax fillings and payment of tax liabilities. Then, they determine the most effective strategy to address the tax issues. Once remedied, they continue to work closely and help implement ongoing solutions for the business to maintain accurate accounting records and achieve compliance with tax regulations.

With their expertise, OnTarget CPA has become the go-to service partner for SMEs and business owners who need accounting, consulting, IRS, and tax resolution services to succeed.

To ensure clients stay on track, OnTarget CPA provides advisory and strategic planning services. They recently helped a small start-up technology company that was struggling with business management despite their technical skills. The start-up had resorted to high-interest credit card and debt borrowings to fund their company. OnTarget CPA intervened and secured conventional loans at a lower interest rate, which improved their cash flow. They also helped the start-up identify key performance indicators to boost business growth, attract ideal clients, and hire more staff. As a result, the start-up replaced smaller customers with more suitable ones.

OnTarget CPA's customer-centric approach has earned them a spot on the 2022 Inc. 5000 list of fastest growing privately held companies in the U.S. With core values of professional development, technology, value, quality, and commitment to clients, they plan to collaborate with more businesses in the future. OnTarget CPA also plans to expand their consulting division to offer their services to mid-market businesses and provide expertise in a wider array of accounting packages to support the needs of these organizations.