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Huth Thompson LLP Lands November Small Business of the Month Award

March 20, 2017

The below article was originally published on Near Thanksgiving Day each November, the staff of Huth Thompson LLP gather in its conference room for a traditional meal of ham, turkey and trimmings. Ronald T. Huth, a member of the firm from 1957 to 1999 and now retired, sits at the head of the table.…

Indiana Employers Be Advised: Indiana Is A Credit Reduction State & What That Means To You

April 5, 2017

Matt Robertson Indiana has been classified as a credit reduction state for federal unemployment tax purposes. The federal government has allowed states to borrow funds from the federal government to pay their unemployment benefits. The amount of state unemployment tax credits that employers are allowed to claim are reduced when the state defaults on its…

Tax Benefits When You Save for College: The 529 Plan

April 19, 2017

Matt Robertson Summer is over, schools are open and back-to-school shopping has not only taken up our weekends but has also emptied our wallets. You may be wondering how you can pay for high-school expenses and still have money left over to save for your child’s college? Or maybe time has gotten away from you,…

3 Key Responsibilities of an Audit Committee

April 20, 2017

Kimberley Morisette Soon it’ll be the time of year when your auditor will want to meet with your audit or finance committees to discuss various aspects of your annual audit. If your organization is like most small companies and nonprofits, you may only have one committee that oversees all audit and financial functions. My clients…

Myth Buster: CPAs Are Only Busy in Tax Season

May 5, 2017

Kimberley Morisette At least once a week from May to December, someone comments to me, “Oh, you must not be busy. This is your slow time of the year!” No, actually, contrary to public opinion, some CPAs don’t have a traditional busy period of the year, but are busy all year-round. When people think of…

Social Security Planning-Part 2

May 20, 2017

Bob Sabolich What is your most significant asset? Your home—Perhaps your IRA? What about your Social Security benefits? In today’s dollars, these may be worth several hundred thousand dollars—double that if you’re married. Still, the average person spends little time planning for these benefits. We recently chatted about the advantages of a married couple waiting…

Life Insurance for Business Owners-What Is and What Is Not Deductible

June 5, 2017

Debra Hoppes These days, there are so many companies incorrectly deducting the costs of “key-man” and other life insurance premiums for owners and many business owners do not consider this erroneous accounting issue to be a big concern. But to echo my mother, “Before you jump off the bridge with the others, please consider the…

2013 Tax Act – It Affects You

June 20, 2017

Bob Sabolich Congress passed and the President signed the “American Taxpayer Relief Act” (the Act). The Act will prevent many from the tax hikes that were scheduled to go into effect today and retain many favorable tax breaks that were scheduled to expire, but it will also increase income taxes for some high-income individuals and…

2012 50% Bonus Depreciation Opportunity – Tiling and Wells/Irrigation Systems

July 5, 2017

Matt Robertson In December of 2010, Congress passed the 2010 Tax Relief Act. The Act contains a provision that will be of particular interest to farmers and farm landlords. Bonus deprecation is a great opportunity for 2012 that can be taken advantage of by not only operating farmers, but landlords as well. Section 179 expensing…


"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.

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Lafayette, IN 47902-0970

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