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Should I check my Tax Withholding during the Year?

February 27, 2020

One of the first things you do when you start a new job is your employer will have you complete some paperwork. One of those forms you complete is called a W-4 form. This form tells your employer how much federal income tax to withhold from your paycheck based on the amount of wages paid.…

Increased Indiana Tax Deduction for Military Retirees and their Surviving Spouses

January 31, 2020

On May 1, 2019, Governor Holcomb signed into law House Bill No. 1010 which included changes to the state income tax deduction for service members and their surviving spouses. An individual, or the individual’s surviving spouse, is entitled to a state adjusted gross income tax deduction for income that was included on their federal tax…

Changes That May Affect Your 2019 Taxes

January 22, 2020

When the 2018 tax reform law was passed, it had many of our clients taking a closer look at how they did their taxes. While most of those changes went into effect last year, there are still a few things that will be different when you file your 2019 taxes that are due April 15,…

TCJA: Parking Tax Repealed

December 31, 2019

Part of the government funding legislation that the President recently signed into law included a provision repealing Section 512(a) (7), commonly referred to as “the parking tax.” The repeal of the parking tax was included in the ‘Further Consolidated Appropriations Act of 2020,’ which contained a number of tax provisions. Section 512(a) (7) was originally…

The SECURE Act and What It Means for Your Retirement

December 30, 2019

Employer-sponsored retirement plans and IRAs are valuable tools successfully used by millions of Americans to help save for retirement.  Attached to the spending bill passed by Congress was the Setting Every Community Up For Retirement Enhancement Act of 2019 (SECURE Act).  The intent of the law is to make it easier for Americans to use…

1099’s – What You Should Know

December 19, 2019

Year end is right around the corner! Federal regulations require all 1099’s to be to the recipients and the government by 1/31/2020.


Properly Accounting for Taxable Fringe Benefits

December 6, 2019

Every year we ask the question: Did you have any taxable fringe benefits that need to be reported on your employee’s W-2’s? A lot of employers aren’t sure how to do this properly, so we are here to help. Some of the most common taxable benefits are: Bonuses– considered a part of an employee’s compensation.…

Bring Your Business Into the Cloud

December 4, 2019

In today’s world, there’s an app for everything, and everything seems to be stored in the cloud. This is also true when it comes to accounting. There are numerous options out there, but I would like to spotlight two that our firm consistently uses for our business clients. Those products are QuickBooks Online and Receipt…

Getting Audited? Let us help!

November 12, 2019

On occasion, having your books and records audited by a governing agency is a part of being an income taxpayer and a business owner. We have the expertise and experience to successfully help you navigate an audit. When most people think about getting audited, they think about income tax audits. However, if you are a…

Testimonials

"Huth Thompson has also been very helpful as we address issues that occasionally surface with a small business. We wear many hats in a small organization and cannot be experts in all aspects of the business, so it is helpful to have their expertise on numerous issues, from board governance and oversight to developing and maintaining internal controls."

-  Mark W.

"The entire staff is professional and extremely knowledgeable in their field. They are committed to supporting nonprofit organization in our community. They understand our unique needs and appreciate the challenges of limited resources. Regardless, they provide high quality services to all of their clients."

-  Dick R.

"The team at Huth Thompson takes an interest in our business and is a valuable contributor to our ongoing success. I truly appreciate having a local firm of talented personable professionals that I can count on to provide timely and accurate support to our operational strategic needs."

-  Tim E.

"The individuals we work with at Huth Thompson LLP from the front desk, to the accountants, administrative services and tax advisors are top notch and very professional. I would highly recommend Huth Thompson LLP to anyone seeking the services they have to offer."

-  Phyllis S.

"I refer all of my family and friends to Huth Thompson. Their accountants' knowledge and customer service is unmatched. They're always going the extra mile and I appreciate that. If you have a business they also have a great business solutions services department with bookkeeping, payroll, QB, and tax planning all wrapped up into one package. It's a great cost effective way of running your business." 

-  Megan H. 

"Huth Thompson is at the top of their field! They are knowledgeable and you can be sure they are on top of new regulations, providing the best accounting and tax services. I have and will continue to refer them to my colleagues."

- Kimi H.

"Very happy I switched to Huth Thompson a few years ago. My business and personal taxes are in great hands with the team at Huth."

- Tyler C.

Get In Touch

Rensselaer
Phone: 219-866-5196
Fax: 219-866-5835

311 East Drexel Parkway
P.O. Box 68
Rensselaer, IN 47978-0068

contact@huththompson.com

Lafayette
Phone: 765-428-5000
Fax: 765-428-5700

415 Columbia St., Suite 2000
P.O. Box 970
Lafayette, IN 47902-0970

contact@huththompson.com

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