Indiana · Flat income tax, county income taxes
CPA, bookkeeping & fractional CFO services in Indiana
Indiana has a flat personal income tax, county income taxes in every county and a strong base of manufacturing, logistics and life sciences companies. CPA Torrance is a CPA-led firm based in Torrance, California that provides bookkeeping, tax planning, tax filing and fractional CFO support to Indiana businesses remotely.
- Serving all of Indiana remotely
- Indiana IT-20, IT-20S and IT-65 tracked for you
- Monthly reporting included
In short
Do Indiana business owners pay county income tax?
Yes. Every Indiana county charges a local income tax on residents, and nonresidents who work in a county may owe it too. Business owners pay it on their share of pass-through income through their individual return. Indiana also offers an elective pass-through entity tax.
- State income tax
- Flat rate + county tax
- State sales tax
- 7%
- Key business tax
- County income tax
- How we serve
- Remotely, statewide
Services in Indiana
What we do for Indiana business owners
From Indianapolis logistics and life sciences firms to Fort Wayne manufacturers and Carmel professional firms, Indiana owners need state and county taxes handled together. We provide monthly bookkeeping, federal and Indiana tax planning, filings and CFO reporting from one coordinated team.
Bookkeeping Services
- Monthly reconciliations in QuickBooks Online
- Indiana sales and use tax tracking
- Payroll and contractor payment review
- Monthly profit and loss and balance sheet
- Catch-up and clean-up bookkeeping
Tax Planning & Strategy
- Entity and S corporation review
- Indiana PTET election review
- Federal and state estimated payments
- Multi-state income review
- Year-end tax planning meeting
Tax Filing & Compliance
- Federal business returns (1120, 1120S, 1065)
- Indiana IT-20, IT-20S and IT-65 returns
- Owner individual returns
- IRS and state notice help
- Due-date tracking for every filing
Fractional CFO Services
- Cash-flow forecasts
- Budget versus actual reviews
- Margin and pricing analysis
- Lender- and investor-ready reporting
- Growth and hiring plans
Indiana tax planning
Planning around Indiana taxes
Indiana planning combines the flat rate, county taxes, the PTET election and federal planning.
Book a 15-min callCounty income tax
We apply the right county rate for each owner and review payroll withholding for employees.
PTET election
Indiana allows an elective pass-through entity tax. We model whether it helps.
Manufacturing and logistics
Equipment and inventory planning for growing Indiana operations.
Who we work with
Indiana industries we serve
We work with owner-led businesses across Indiana, with experience in the industries that drive the state economy.
Manufacturing
Job costing and equipment depreciation.
Logistics and distribution
Warehousing and freight around Indianapolis.
Life sciences
Research and medical device companies.
Agriculture
Farms and agribusinesses statewide.
E-commerce sellers
Online brands with Indiana sales tax, inventory and multi-channel books.
Professional firms
Consultants, agencies and law firms billing by the hour, project or retainer.
Why Indiana businesses choose CPA Torrance
Areas we cover
Serving businesses across Indiana
Businesses in Indianapolis, Fort Wayne, Evansville, South Bend, Carmel work in manufacturing, logistics, life sciences, agriculture and motorsports. CPA Torrance helps Indiana businesses, including those owned from out of state, stay compliant and organized through remote meetings.
- Indianapolis
- Fort Wayne
- Evansville
- South Bend
- Carmel
- Fishers
- Bloomington
- Lafayette
- Noblesville
- Muncie
- Video meetings on your schedule
- Secure document portal for statements and returns
- Cloud accounting you can see any time
FAQ
Indiana business tax and accounting questions
Not covered here? A 15-minute call gets you a straight answer for your situation.
What financial services can CPA Torrance provide to Indiana businesses?
We provide monthly bookkeeping, federal and Indiana tax planning, business tax filing and fractional CFO services. Everything runs from one set of books, so your bookkeeper, CPA and CFO advisor work from the same numbers.
Does Indiana have a pass-through entity tax?
Yes. Indiana allows partnerships and S corporations to elect to pay tax at the entity level, which may help owners with the federal SALT cap.
What is the Indiana sales tax rate?
Indiana charges a 7% state sales tax with no additional local sales tax in most areas.
Do nonresident owners pay Indiana tax?
Nonresident owners generally pay Indiana tax on Indiana-source income, sometimes through composite filing by the entity.
Can CPA Torrance work with Indiana businesses remotely?
Yes. We serve businesses across Indiana, including Indianapolis, Fort Wayne, Evansville, South Bend, Carmel, Fishers, Bloomington, Lafayette, Noblesville and Muncie, through video meetings, a secure document portal and cloud accounting you can see any time. Our office is in Torrance, California.
How do I get started?
Book a 15-minute call or request a free financial assessment. We review your books, tax position and systems and recommend the right mix of support for your Indiana business.
Get your Indiana books and taxes in order.
Book a call to review bookkeeping and tax planning for your Indiana business.