Let us provide you with comprehensive tax, accounting, and financial planning services that will help you pursue your financial objectives. We offer a full range of solutions for all of your needs that will fit within your budget.
Allow us to customize a service package for you. We are your trusted advisor and are here to help you secure a financially sound future. We welcome you to review our comprehensive suite of professional services:
- Tax Planning & Preparation
- Small Business Services
- Financial Planning
- Medicare Supplement Insurance
Tax Planning & Preparation
Whether you’re an individual or corporation, we can accommodate your needs. We work with you throughout the year to develop a customized plan with tax-saving strategies that are tailored to your unique situation. Our personal, one-on-one service, expert tax return preparation, and advice will give you peace of mind, knowing that your tax return is in capable hands.
We are diligent about remaining up-to-date on the changing tax laws and will examine all of the tax-saving opportunities available to you. We are committed to minimizing your tax liabilities and maximizing your future opportunities—while remaining in full compliance with IRS statutes.
Nothing strikes fear in the heart more than a notice from the IRS. As such, we serve as your representative in front of state and federal agencies to help resolve your issue in a timely manner with as little stress as possible. Professional representation can be vital during an audit and our experience with tax authorities enables us to guide you through your situation with ease and expertise.
Specialized Returns we prepare:
- Rental Properties
- Personal Property Tax
- Gift Tax
- Adoption Credits
Financial Planning and Investments
You know more than you think when it comes to financial planning, including your goals, time frame, and risk profile. We work in partnership with you to ensure that you stay on a healthy financial path via sound financial planning.
At Storen Financial, our team of financial professionals will meet with you to discuss your long-term comprehensive financial goals. We’ll create a plan to help you pursue those goals while diversifying your risks.
From retirement planning to life insurance, investments to long-term care policies, from college funding to IRAs, we are here to serve you.
A partnership towards your financial success…
- Retirement Planning & Income Distribution
- Indiana College Choice 529 Plan
- Roth IRA Conversions
- Long Term Care Insurance
- Charitable Giving Strategies
- Estate Planning
- Life Insurance
Small Business Services
Our small business consulting services, specializing in businesses with revenue up to $1 million, ensure that you are successful from the launch of your business and as you move forward. We know that there are many aspects of running a successful operation, and that’s why we cover all the bases—offering everything from entity selection to QuickBooks training. Consider all we can do for you:
Accounting, Bookkeeping & Payroll
Accurate record keeping is a fundamental requirement of running a profitable business—but can also be complicated and time-intensive. Allow us to take it off your hands. We will become your external accounting department, offering complete relief from the never-ending flow of bookkeeping tasks. Rely on our skilled professionals for bill paying, sales deposits, bank statements and credit card reconciliation, financial statements, payroll tax preparation and reporting, QuickBooks setup, and more. With your trusted partners on the job, there is never any concern about the reliability of the data. Your worries are eliminated.
Our accounting service provides thorough, accurate reporting and critical analysis that allows you to evaluate your financial health and realize your business goals. Our firm can help you by delivering financial statements and reports or handling all your accounting tasks so you can concentrate on running your business.
Simply provide your financial information through the secure client portal found on our website, and we will perform your daily bookkeeping duties off-site. A quick and accurate picture of your business activity is always just a few clicks away.
Your business entity has a large impact on your taxes and other liabilities. From your company’s inception through its growth and development, we can advise you on choosing an entity type and later restructuring if needed.
We help you get setup and running on QuickBooks…from organizing your files to setting up your chart of accounts. We’ll make sure you start out strong using QuickBooks.
Allow us to guide you on all aspects of startup. We know how successful small businesses operate and can guide you in many areas.
Business 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
Medicare Supplement Insurance
Medicare beneficiaries in Indiana have Medicare options beyond Original Medicare Part A and Part B. You can receive your coverage through Original Medicare (with or without a Medicare Supplement plan offered by a private insurer), or through an alternative means, by enrolling in a Medicare Advantage plan, offered by a Medicare-approved private insurance company. You can also enroll in a Medicare plan offered by a private insurance company contracted with Medicare to provide prescription drug coverage.
Our goal is to help individuals coming on to Medicare understand what options they have, as well as help those already on Medicare understand how their benefits work. Ruth Hoffman, Storen’s Medicare Benefits Specialist with over 15 years Medicare experience, will work with you one-on-one to help you navigate the Medicare puzzle. Learn more about Ruth here.
No Cost Medicare Consultation
- Evaluate how you are currently utilizing healthcare services.
- Review medications being prescribed to determine which prescription plan will best meet your needs.
- Explain what healthcare options are available to the Medicare beneficiary based on needs.
- Explain what financial responsibility may be based on your final healthcare plan selection.
Contact us with any questions you have or to set up a time for your free consultation.
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....