Business Services

When you choose to work with Storen Financial, you are choosing to work with professionals who use a holistic approach with the aim to produce impactful results. We are continually focused on helping guide you on the path to achieving your goals. Our team will work with you to produce pricing strategies, build marketing campaigns, review financial statements, or even implement pieces of technology that will make you more efficient.

Holistic Approach

We collaborate with you for the big picture approach and guide decisions on your long term goals and plans.

Professional Guidance

When making decisions you will receive the most current information available.

Impactful Results

We strive to bring you results that impact your life, business, and future.

Client focused

We watch for the pitfalls that can bring danger to your business and highlight areas where you can improve.

 Collaborating along the path towards success.

Our business services team works with you each step of the way to ensure you build a strong vibrant business that can continually provide desired results.

Schedule a complimentary consultation today!

Business Services

When you choose to work with Storen Financial, you are choosing to work with professionals who use a holistic approach with the aim to produce impactful results. We are continually focused on helping guide you on the path to achieving your goals.

We provide not only the common accounting services, but also personal guidance on how to operate your business more efficiently. No matter where you are on the pathway of business ownership, we offer services that can help you move further down the path to success. We reduce tax liabilities, we streamline operations through sound simple processes, and we guide you in how to harness technology to increase your cash flow. Our business services include…

  • Business Startup Services
  • Bookkeeping
  • Business Coaching & Advising
  • Technology Consulting
  • Employer Retirement Plans

If you have any questions or would like more information, please contact us now.

The Only Financial Resource You Need for Your Business

At Storen Financial, we offer a variety of services to help your business become more streamlined, more efficient and easier to manage. By working with our team of experienced professionals, we can provide financial guidance and offer you support throughout the year. Our goal is to help you save time and have peace of mind.

Business Startup Services

We can help you with the following items to get your business established and running.

  • Business Entity Selection
  • EIN Setup
  • Tax Entity Selection
  • State ID Account setup

Completing these four items correctly can save you thousands of dollars in the long run. Startup plans need to be well throughout. We can walk you through each part of your plan, while identifying pitfalls that could cost you money.

Planning for a successful business starts at the beginning…

When you start your own business, there are multiple action items that need your attention. This checklist provides you with some important steps to take as you navigate through the process. Click here for details.

Bookkeeping

For many business owners this service may seem like a necessary evil that becomes an annoyance. For others that are really busy in building their business it feels like a time waster. Regardless of which boat you are in, we want to remove that burden. In doing so, we can teach you about the standard financial reports and how to use them to evaluate the financial health of the business. By working with us, we provide the following…

 

  • QuickBooks Online Lifetime Discounts
  • Bookkeeping & Account Reconciliation
  • Financial Statement Preparation & Consultation
  • QuickBooks Setup & Training with our Intuit QuickBooks Certified ProAdvisor

How to remove the bookkeeping burden?

For many business owners, bookkeeping may seem like a necessary evil that becomes an annoyance. For those who are busy growing their business, it feels like a time waster. As an Intuit QuickBooks Certified ProAdvisor, my goal is to utilize QuickBooks Online technology to improve your business processes and the overall financial health of your business.Click here to read this blog.

Business Coaching and Advising

One service that many business owners crave is regular business coaching and consultation. When you work with Storen Financial you will gain access to individuals who can offer tax savings, increase your profits, and build a large nest egg for retirement. Our coaching services are unlike any in the area because you are working with individuals who are professionally licensed in these areas. We understand the tax code, business metrics, and retirement strategies. By choosing us to advise you on your business, you will get…

 

  • One-on-one Mentoring
  • Question & Answer Sessions
  • Worksheets and Templates for Business Operations
  • On-site Visits to Your Business Location as Requested

Bringing businesses a sounding board…

For many business owners, each day comes with many operations-related questions, with no answers. The desire for a sounding board and solid game plan is a natural wish for any business owner. Each month, in the Coach’s Corner blog, I will highlight and offer advice around a specific skill or decision that business owners often face during their self-employment journey. Click here to read more.

Technology

Providing more time in your day, can be achieved through smart technological strategies. We, at Storen Financial, work with you to find the most efficient uses of technology that will increase your bottom line and provide 5 star customer experience. We are constantly learning about the latest technologies emerging to enhance our clients’ businesses. We help in the following ways…

 

  • Design processes with technology
  • Implement software and hardware such as Shopify, QuickBooks, and third party apps that integrate with each platform
  • Train clients and employees on best practices
  • Consultation meetings to determine technology needs.

Employer-Sponsored Retirement Plans

At Storen Financial we take the headache of finding and managing your company’s retirement plan away from you. Our Business Retirement Advisors will work with you through the entire process, ensuring a successful retirement program implementation for your business. We offer business retirement solutions to meet a wide variety of needs.

 

  • 401(k) Plans including Solo 401(k)’s
  • Simple (Savings Incentive Match Plan for Employees) IRA Plans
  • SEP (Simplified Employee Pension) IRA Plans

Schedule Your Complimentary Consultation!

Contact us now to meet with one of our business managers to discuss your financial goals.

Looking for Additional Resources?

We are regularly updating our blog with the latest news and resources to help you successfully run your business.

Get Answers to Your Questions!

Have questions about any of this information? We are happy to help answer any you have. Simply contact us today!

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?

No, federal taxation of SS benefits is based on income level and not age. Anywhere from 0% to 85% of the SS benefit can be taxable based on how much other income a taxpayer is reporting. Note, Indiana does not tax anyone’s social security benefits. Click here to see more FAQs.

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.

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Contact us with any questions you might have!

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