Storen Financial has been serving the Brownsburg, Zionsville, and surrounding areas since 1966. Firmly rooted in the community, our main focus is to serve our clients with expertise, in a timely manner, and with a personal touch.
Year Round Financial Strategy
At Storen Financial, we offer so much more than tax preparation and accounting services. We go beyond the numbers to provide our clients with financial planning, in-depth consulting, and year-round support. By working with our clients all year (not just at tax time), we help you create a sound strategy, so you can make financially smart decisions and ensure ongoing success. And best of all, our friendly, approachable staff offers one-on-one, personalized service, so you always feel like you are our only client.
We are also committed to using innovative technology solutions to provide the level of service you expect with the convenience you deserve. Our advanced web-based platform offers secure, 24-hour online access to your tax documents. And while this technology is available to serve you on your terms and schedule, it will never replace the close, personal attention that is the foundation of our business.
- Our tax professionals prepare a combined 5,300+ individual & business tax returns each year.
- Our professionals have the following designations: CPA, MBA, & EA (IRS Enrolled Agent).
- Over 400 hours of continuing education are logged by our staff each year.
Tax Returns Each Year
Originally founded by Pat Storen in 1966, Storen Financial is currently lead by Greg Storen and Kim Storen. As far back as age 9, Greg knew he would one day run the family business.
By 1969, Pat’s tax business had grown enough that he could move into his first office on Main Street in Brownsburg. Fresh out of college, Greg went into banking where he met Kim. After spending 15 years in the industry, he started his own financial planning and corporate tax business in Zionsville.
In 2009, Pat Storen retired and sold the company to Greg and Kim, who combined with Greg’s business, have continued to expand from 125 tax returns to over 5,000 per year and $125 million in assets under management. Today, Storen Financial employs 14 full time staff members which increases to 32 during tax season.
At Storen Financial we pride ourselves on our family values and commitment to our local community. Our goal is to make sure each and every client feels like part of the family, every preparer and advisor knows your name, and you’re always welcomed with a smile. We also support many local charities, organizations and businesses regularly working to strengthen our community.
Our business goes far beyond tax season. Having a tax background with an extensive financial and retirement focus, allows us to provide a complete view of your financial profile as well as offer cost saving solutions. Our industry leading commitment to education also gives our clients a leg up when it comes to financial success.
Commitment to Continued Education
The IRS and the Indiana Department of Revenue require tax professionals to complete a certain amount of continuing education from accredited programs. Each of our preparers exceed their minimum education requirements annually and continue to succeed at remaining on top of the laws & current trends of the tax industry both nationally and locally. At these events we can network with our peers and discover what trends they are seeing and what is happening in their tax communities.
At the national level the IRS and the Taxpayer Advocate Service is involved and we can see what the IRS’s focus is for the coming year and what is happening in their audits. We study tax code, tax ethics, tax preparation, and attend breakout sessions geared toward our preparers specialized area of focus all relating to the services we provide such as business, farming, and trust returns.
At the local level the Indiana Department of Revenue Commissioner speaks about what is going on in the Indiana tax scene and shares updates on current trends and tax identity theft.
Here is a sample of some of the national and local tax events we attend:
- National Association of Tax professionals (NATP)
- Indiana Chapter of NATP
- Purdue University
- Indiana University
Not only do we look outside for educational opportunities but we, as a team, meet weekly and annually to share our knowledge and discuss any unique caveats of tax returns we have learned from during the year. Our 2 day annual “Share Shop” meeting in January is held offsite so we are strictly dedicated to the sharing of lessons and experiences that will help us elevate our professional skills for the coming tax season.
Team member requirements:
- Greg, Alex, Doug, & Rob are required to obtain 15 hours of continuing education annually
- Kim, Gary & Tim, our fulltime EAs in the firm are required to obtain 24 hours of education annually
- Brian, Jason & Tami, our fulltime CPAs in the firm are required to obtain 40 hours of education annually
- All of our preparers have higher education degrees and other professional designations and licensures.
Meet Our Team
Our team members are the heart of our business and are considered part of the family. Click here to learn more about each member, their backgrounds, history, tasks and interests.
How can we help?
At Storen Financial, we offer so much more than tax preparation and accounting services. We go beyond the numbers to provide our clients with financial planning, in-depth consulting, and year-round support. Looking for more info? Click below to learn more.
Frequently Asked Questions
How do I track my refund?
NEW! IRS2Go is the official mobile app of the IRS. Click here to learn more and as always, feel free to contact us with any questions you have.
Is there an age where Social Security is not taxed?
How are Indiana State and Local taxes calculated?
For new residents of Indiana, there is a learning curve on understanding State & Local taxes. Indiana has a flat rate for the State of 3.23%. So if you have $10,000 or $1,000,000 of taxable income, you are taxed at the same rate. In addition to this, each individual pays a county tax and each County can set their own tax rate. County rates range from .35% for Jefferson to 3.38% for Pulaski. There are a few exceptions to the rule, but an Indiana taxpayer is subject to County taxes based on where they lived on January 1st of the tax year. Click here to see more FAQs.
How much retirement income is taxed in Indiana?
Like a lot of other States, Indiana does not tax Social Security Benefits. Also, Indiana gives a full or partial deduction for pensions that originate from Railroad Retirement Board, Office of Personnel Management and Defense Finance and Accounting Service (Military Retirement). If one is not lucky enough to be receiving retirement from one of the listed entities, then your retirement income will be fully taxable to State and County. To keep from owing to Indiana on your Tax Return, please ask the Administrator if they will withhold State taxes on the benefits. If they do, then as a rule of thumb, we tell clients that 5% withholding will cover most taxpayers in the state. This covers both State and County rates. If someone knows that they live in a county with a rate greater than 1.7%, then take the percentage up to have withheld 6% or 7%. If the Administrator will not withhold State taxes, then Quarterly Estimates may need to be sent in. Like the Federal, Indiana can charge an Underpayment Penalty if more than $1,000 is owed at the end of the year.Click here to see more FAQs.
What do I bring to my tax appointment?
Get the full list of the items you need here in this checklist.
The Latest News from Storen
Blog by Rob Dukes - Finance Administrator, Admin Team Lead This is a common question we get from clients, and the requirements may surprise you. The “Gift Tax” is actually a misnomer for the vast majority of taxpayers. The gift tax obligation is limited to reporting a...
Blog by Greg Storen, MBA - Financial Advisor, Senior Tax Professional It's the time of year when leaves are falling, crisp air and tax planning! That is right, tax planning. We all need to take a few minutes and review our finances for 2019 and part of this is...
We are excited to sponsor the third annual Z Gravy Chase in Zionsville, Indiana racing throughout the historic town and along the bricks on Main Street! Start a new tradition on Thanksgiving morning racing with all your friends and family right in downtown Zionsville....