News & Resources
Have questions? Looking for helpful resources and links? We’ve put together these resources to help you get answers to your questions. Need more information, give us a call! Also, don’t forget to check out our blog for the latest information.
Below are the resources we’ve assembled to help you on your financial journey. Click these buttons to quickly find the information you’re looking for and please don’t hesitate to give us a call if you have any questions.
Latest news, blogs, events and resources from our team…
Our goal is to share pertinent information with you through our blogs, resource links, social media posts and updates. On our blog you’ll find all the tools resources and information you need. Have questions? Give us a call!
Finalizing 2020 Tips for Businesses
As the leaves fall and stores begin playing holiday music, our minds quickly transition to payroll and bookkeeping year-end processes. Ok, so maybe that’s not quite how it goes. But, we’re here to help you finalize 2020, prepare for the upcoming tax season, and...
Kim’s Tax Tips
Kim was the key note speaker at the ZWIN November monthly meeting Kim Storen, co-owner of Storen Financial, was the key note speaker at ZWIN (Zionsville Women In Network) our November monthly meeting. She shared all about “Fun and Taxes” and says that yes, these two...
Claim up to $300 from charitable deductions!
COVID-19 has impacted all of us in one way or another, and charities are no exception. Many of them are really struggling to continue providing their essential services. Giving to a charity before the end of the year will not only help them, but it can also provide...
Financial Fitness Check Up – #10
The holiday season is traditionally a time to spend with family. Whether you gather in person or virtually, your grown children would benefit from learning about your financial plan for retirement. Monthly Project Recap: January - Set your intentions (goals, budgets,...
Things to consider when planning your charitable giving this year
Season’s Greetings! I know it’s early to talk about the holidays, but 2020 has been a rough year and frankly, I’m more ready for the joy of the holidays than ever before. I have already starting watching the Hallmark Channel’s Christmas movie marathons and we even...
Now Hiring – Small Business and Individual Tax Accountant
Small Business and Individual Tax Accountant We are looking for a self-motivated tax accountant to work with small businesses and individuals. The ideal candidate would be a self-starter with strong attention to detail with a desire to help small business owners grow...
Scams & Identity Theft
Phone scams, email phishing scams, and identity theft continue to grow and become more sophisticated. We are providing information courtesy of the IRS and the Indiana Department of Revenue to assist you. We will also keep our blog updated as we learn of new developments.
Please know that the IRS will never initiate contact with you over the phone demanding money, nor will they demand that you pay by a cash card immediately or you will be arrested. This is just one scam—but one that has happened all over the U.S. and many cases here in Central Indiana. Be aware!
Helpful links to read the most up to date information:
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
Finalizing 2020 Tips for Businesses
As the leaves fall and stores begin playing holiday music, our minds quickly transition to payroll and bookkeeping year-end processes. Ok, so maybe that’s not quite how it goes. But, we’re here to help you finalize 2020, prepare for the upcoming tax season, and...
Kim’s Tax Tips
Kim was the key note speaker at the ZWIN November monthly meeting Kim Storen, co-owner of Storen Financial, was the key note speaker at ZWIN (Zionsville Women In Network) our November monthly meeting. She shared all about “Fun and Taxes” and says that yes, these two...
Claim up to $300 from charitable deductions!
COVID-19 has impacted all of us in one way or another, and charities are no exception. Many of them are really struggling to continue providing their essential services. Giving to a charity before the end of the year will not only help them, but it can also provide...