Our Blog


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…

Grow Your Business with Fathom

October 25, 2019

Would you like to track your business’s performance at a glance? Fathom reporting is just what you need! Fathom is a web-based reporting and analysis tool that allows information related to your business to be displayed in the fashion that you choose. By creating unique reports using Fathom templates, you can easily:   Craft summaries of your monthly data by adding…

How the Complete Business Solutions Team Can Help YOU

October 11, 2019

Our Complete Business Solutions Team takes the daunting task of bookkeeping and payroll off of the business owner. We offer a wide variety of services: Weekly bill pay Preparing monthly reconciliations Paperless credit card receipt and invoice tracking Preparing/submitting payroll and sales tax returns Consulting & business planning Key performance indicators  Are you drowning in…

Understanding Your 401(k)

September 30, 2019

As accountants, we often get asked, “So what are you seeing in this….” And “this” can range from all type of items; all forms of taxes, the markets, business expansion, etc. The list is endless in what we get asked! One of those areas I get asked about is trends within 401(k) Plans. As a…

Is Your Hobby Actually a Business?

September 11, 2019

Millions of people have hobbies, but when your favorite hobby starts to turn a profit, the IRS may consider it a business. What is the difference? The IRS defines a hobby as any activity not pursued for profit, whereas a business is defined as any activity done with the reasonable expectation of earning a profit. It is important for taxpayers to…

Indiana College Choice 529 Direct Savings Plan

August 23, 2019

Saving for the costs of education for your children is a daunting task for most taxpayers. The state of Indiana offers a tax credit that can directly offset your Indiana income tax for qualifying contributions. Effective January 1, 2019 the income tax credit for contributions made to an account that will be used for paying…

The Indiana College Credit

July 30, 2019

The Tax Cuts and Jobs Act (TCJA) passed on December 20, 2017 was the biggest tax bill since the Tax Reform Act of 1986. As a CPA, this new act has greatly impacted my profession. One area of impact is on form Schedule A, where itemized deductions are reported. State, Local and Real Estate Taxes…

Accounting Lease Standard Soon to Take Effect

July 18, 2019

We have been talking (since 2013) about changes to lease accounting standards and now they are here! Approved by the Financial Accounting Standards Board, Accounting Standards Codification Topic 842 (ASC 842) Leases presents dramatic changes to how lease transactions are accounted for in your financial statements. This standard is effective beginning with 2020 calendar year-ends for…


"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

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

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


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

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


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