Indiana CPA planning that deserves its own page
Indiana deserves a separate page when the project involves state and county income tax, PTET, resident versus nonresident returns, manufacturing and pharma records, sales tax, payroll by county, or owner allocations.
We start by mapping the taxpayer, county, entity type, owner schedule, income source, and whether the next step is a return, PTET election, notice response, audit/review/compilation, CFO cleanup, or advisory project.
What we verify before scoping Indiana work
Current tax posture
Indiana DOR's 2025 forms page lists IT-40 for full-year residents and IT-40PNR for part-year residents and nonresidents. DOR also says the 2025 individual income tax rate is 3.0%, with 2.95% for 2026.
Entity and owner checkpoint
Indiana DOR says eligible pass-through entities may voluntarily elect PTET, and current corporate/partnership forms include Schedule PTET and IN-PTET for election and return support.
Records that make the page useful
IT-40 or IT-40PNR support, county tax schedules, PTET election and Schedule PTET packages, K-1s, payroll by county, sales tax records, pharma/manufacturing fixed assets, real estate schedules, and DOR notices.
Local planning lens
The Indiana page is strongest for Indianapolis and Fort Wayne owners, Eli Lilly and life sciences professionals, manufacturing suppliers, logistics companies, racing businesses, real estate investors, and multistate households.
We use official state tax sources as a starting point, then apply them to the client's facts, entity records, and federal reporting position.
When this IN page is the right starting point
- You need to reconcile Indiana state tax, county tax, PTET, or owner allocations before filing.
- Your Indiana records involve pharma, manufacturing, logistics, real estate, payroll by county, sales tax, or multistate income.
- A lender, buyer, investor, board, or tax authority needs schedules that agree with Indiana and federal filings.
Related KAS guidance for Indiana clients
These internal resources help connect the state-specific issue to the broader tax, assurance, and advisory work that often sits behind a search for Indiana CPA services.
Priority CPA Services for Indiana (IN)
State & Federal Tax Planning
We coordinate federal planning with Indiana's current tax posture, then model entity, owner, timing, and multistate effects before filing positions harden.
Learn More →Business Entity & Owner Advisory
Entity structure, owner compensation, PTE decisions, and IN filing positions for Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients, and high-net-worth families benefiting from Indiana's low-tax environment when the books need to match the tax plan.
Learn More →Audit, Review & Compilation Support
GAAS audit, review, compilation, and AUP support is scoped to Indiana reporting triggers and the actual financial-statement user rather than a generic assurance checklist.
Learn More →Employee Benefit Plan Audits
ERISA audit support for plans sponsored by Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients, and high-net-worth families benefiting from Indiana's low-tax environment, with attention to payroll records, census data, remittances, and Form 5500 timing.
Learn More →Nonprofit & Single Audit Readiness
Grant, board, donor, and Uniform Guidance readiness for Indiana organizations serving Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients, and high-net-worth families benefiting from Indiana's low-tax environment when reporting has to satisfy funders and oversight bodies.
Learn More →IRS & State Tax Resolution
We coordinate notice response, amended returns, collections strategy, and Indiana filings after identifying the required returns, records, deadlines, and jurisdictional facts.
Learn More →Real Estate & Cost Segregation
Depreciation, passive activity, basis, and cost segregation planning for Indiana real estate projects connected to Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients, and high-net-worth families benefiting from Indiana's low-tax environment.
Learn More →Crypto, Trader & Investment Tax
Digital asset, active trading, brokerage, and investment reporting for Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients, and high-net-worth families benefiting from Indiana's low-tax environment when records cross wallets, exchanges, K-1s, and state residency facts.
Learn More →Virtual CFO & Forecasting
Cash-flow models, KPI dashboards, close discipline, and lender-ready reporting for Indiana operators in markets such as Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients, and high-net-worth families benefiting from Indiana's low-tax environment.
Learn More →Capital Markets, 83(b) & Equity Planning
83(b) elections, investor reporting, diligence support, and securities-aware planning when equity, financing, or growth decisions touch Indiana tax facts for Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients, and high-net-worth families benefiting from Indiana's low-tax environment.
Learn More →Controls, Close & Business Consulting
Month-end close cleanup, internal controls, reconciliations, and management reporting for Indiana teams in markets such as Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients, and high-net-worth families benefiting from Indiana's low-tax environment.
Learn More →Indiana Audit Services in Detail
Indiana assurance work usually starts with Indiana Nonprofit Audits, Indiana 401(k) & Employee Benefit Plan Audits, Indiana Single Audits (Uniform Guidance) for Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients. We scope audit, review, compilation, Single Audit, benefit-plan, lender, bonding, or investor reporting work around the actual reporting user, support schedules, and deadline rather than treating every request as the same full-audit workflow.
Indiana Nonprofit Audits
Indiana does not impose a state-mandated audit threshold for nonprofits beyond its general charitable solicitation registration. Audited financial statements are routinely required by major Indiana funders — including the Lilly Endowment (one of the largest U.S. private foundations, headquartered in Indianapolis), the Indianapolis Foundation, the Central Indiana Community Foundation, the United Way of Central Indiana, and federal subrecipient grantors. We deliver nonprofit audits that meet major funder expectations and Form 990 supporting requirements.
Indiana 401(k) & Employee Benefit Plan Audits
Indiana plan sponsors filing Form 5500 generally require an ERISA-compliant audit when the plan has 100 or more participants with account balances at the start of the plan year — the participant-counting rule effective post-SECURE 2.0. We perform full-scope and §103(a)(3)(C) limited-scope benefit plan audits for 401(k), 403(b), and defined-benefit plans across Indiana, including plans sponsored by Eli Lilly and Roche pharma operations in Indianapolis, Cummins (Columbus IN), Subaru and Toyota auto manufacturing plants, IU Health and other healthcare systems, and Notre Dame and Indiana University-affiliated employers.
Indiana Single Audits (Uniform Guidance)
Indiana Single Audit work is scoped around the federal awards, subrecipient relationships, and internal controls most relevant to Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients, and high-net-worth families benefiting from Indiana's low-tax environment. We plan major-program testing, SEFA support, and grant-compliance documentation around the programs that actually drive the reporting risk.
Indiana Lender, Bonding & Investor Audits
Indiana lender, bonding, and investor reporting is shaped by the companies, funders, and ownership groups active in Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients, and high-net-worth families benefiting from Indiana's low-tax environment. We align the assurance level, support schedules, and delivery timeline with the actual credit, surety, diligence, or capital request.
Indiana Reviews & Compilations
For Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients, and high-net-worth families benefiting from Indiana's low-tax environment, review or compilation work is often the right fit when a bank, acquirer, board, grantor, or owner needs CPA-prepared financial statements but a full audit is not required. We define the level of assurance before work starts so the deliverable fits the actual request.
Indiana (IN) Tax & Business Landscape
Key Indiana Tax Numbers. Personal income tax: 2.95% flat for tax year 2026, following 3.05% in 2024 and 3.0% in 2025. County local income tax (LIT): every Indiana county imposes its own local income tax ranging from approximately 0.5% to 3.38% — withheld based on county of residence/employment on January 1. Corporate income tax: 4.9%. Sales and use tax: 7%. Estate tax: none. Pass-through entity (PTE) elective tax: rate is 2.95% for tax year 2026, available since tax year 2022. Indiana also has a constitutional property tax cap (1% of assessed value for homesteads, 2% for residential rental, 3% for other real property) that affects real estate planning. For Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients, and high-net-worth families benefiting from Indiana's low-tax environment, these numbers matter most when entity structure, owner compensation, residency, property, or investment decisions change the federal and state result.
Filing Mechanics. Individuals file Form IT-40 (residents) or IT-40PNR (nonresidents and part-year residents). Both forms include county tax computation. C-corporations file Form IT-20. PTE election is made on partnership and S-corp returns. Returns are due April 15 and administered by the Indiana Department of Revenue. We use those mechanics to build a filing calendar and document request list for Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients, and high-net-worth families benefiting from Indiana's low-tax environment before deadlines compress the planning options.
Indiana's County Income Tax — Don't Miss It. Indiana's county local income tax (LIT) is one of the most commonly missed wrinkles for new IN residents and multi-state filers. Your LIT is determined by your county of residence and county of principal employment as of January 1 of the tax year — if you live in one Indiana county and work in another, generally the resident-county rate applies. Rates range from approximately 0.5% to 3.38% depending on the county; some counties have adopted recent rate increases for public safety or economic development. We handle the complex multi-county apportionment for clients with mid-year moves.
Indiana Economy & Who We Serve. Indiana is a manufacturing powerhouse anchored by automotive (Toyota, Subaru, Honda, Cummins, GM, Allison Transmission), pharmaceutical/life sciences (Eli Lilly headquartered in Indianapolis — one of the world's largest pharma companies — plus Roche), steel (NW Indiana — Gary, Hammond), defense and aerospace (Crane Naval Surface Warfare Center, Rolls-Royce in Indianapolis), motorsports (Indy 500 — Indianapolis Motor Speedway), agriculture (corn, soybeans, hogs), distribution and logistics ("Crossroads of America"), and growing tech/AI. Our typical IN clients include Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients, and high-net-worth families benefiting from Indiana's low-tax environment.
CPA Mobility in Indiana. We serve clients nationwide under CPA mobility rules where applicable. Before accepting Indiana work for Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients, and high-net-worth families benefiting from Indiana's low-tax environment, we confirm the engagement type, CPA mobility, firm registration, and any attest or state-sensitive requirements.
Cities and Communities We Serve. Our virtual-first practice serves clients across all of Indiana, including Indianapolis (state capital; largest city; Eli Lilly, Indy 500, Salesforce), Fort Wayne, Evansville, South Bend (Notre Dame), Carmel and Fishers (Hamilton County — affluent Indianapolis suburbs), Bloomington (Indiana University), Hammond and Gary (Northwest Indiana), Lafayette/West Lafayette (Purdue), Muncie (Ball State), Anderson, Columbus (Cummins HQ), Terre Haute, and every Indiana county.
Why Indiana Clients Choose Us
- We begin with Indiana's current tax rates, thresholds, filing rules, and entity-level elections so planning reflects the actual state posture.
- Engagement scoping is tied to real reporting triggers, including Indiana Nonprofit Audits, Indiana 401(k) & Employee Benefit Plan Audits, Indiana Single Audits (Uniform Guidance) for Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients.
- We coordinate Indiana filing mechanics with entity decisions, payroll, sales tax, owner compensation, and federal planning so the return position matches the books and source records.
- Specialized support is available for Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients, and high-net-worth families benefiting from Indiana's low-tax environment when crypto, trader tax, cost segregation, 83(b) elections, IRS/state notices, or capital-markets questions are part of the fact pattern.
- Virtual-first delivery gives Indiana clients secure portal access, e-signature, video meetings, and clear fixed-fee engagement terms without implying a local office.
Indiana CPA — Frequently Asked Questions
Do I need an Indiana-licensed CPA, or can an out-of-state CPA handle my IN tax and audit work?
CPA mobility often allows an out-of-state CPA in active good standing to serve Indiana clients, but the right answer depends on the engagement type. For Eli Lilly and pharma executives with equity compensation, Cummins/Allison/auto-supplier professionals, real estate investors, racing-industry clients, and high-net-worth families benefiting from Indiana's low-tax environment, we confirm whether the work is tax, advisory, attest, employee-benefit-plan, or state-sensitive before accepting the engagement.
What is Indiana's income tax rate, and what's the deal with county income tax?
For tax year 2026, Indiana's flat individual income tax rate is 2.95%, following 3.05% in 2024 and 3.0% in 2025. CRITICALLY, every Indiana county also imposes its own local income tax (LIT) ranging from approximately 0.5% to 3.38%, withheld based on the county where you lived or worked on January 1. Most multi-state filers and new IN residents are surprised by this. Form IT-40 is due April 15.
Does Indiana have a SALT-cap workaround for partnerships and S-corps?
Yes. Indiana enacted an elective Pass-Through Entity Tax effective for tax years beginning on or after January 1, 2022. Eligible S-corps and partnerships pay an entity-level tax at 2.95% for tax year 2026, and members receive a corresponding refundable credit on Form IT-40.
How is the Indiana county income tax determined?
Indiana's county local income tax (LIT) is determined by your county of residence and county of principal employment as of January 1 of the tax year. If you live in one Indiana county and work in another, generally the resident-county rate applies. Rates range from approximately 0.5% to 3.38% depending on the county. Some counties have adopted recent rate increases for public safety or economic development. We handle the complex multi-county apportionment for clients with movement during the year.
When does my Indiana nonprofit need an audit?
Indiana does not impose a state-mandated audit threshold for nonprofits beyond its general charitable solicitation registration. Audited financial statements are typically required by lenders, federal grantmakers, the Lilly Endowment, the Indianapolis Foundation, the Central Indiana Community Foundation, the United Way affiliates, and major Indiana funders. Federal Single Audit requirements under 2 CFR Part 200 apply when federal award expenditures are $1,000,000 or more in a fiscal year.
I work for Eli Lilly or another major Indianapolis employer. What special tax issues apply?
Indianapolis-area corporate executives — particularly at Eli Lilly, Salesforce, Cummins (Columbus IN), Roche, Anthem/Elevance — frequently face specialized issues we handle: equity compensation including RSUs and stock options with multi-year vesting and AMT considerations, deferred compensation under §409A, the Indiana PTE election for partner positions, and Marion County / Hamilton County / Boone County local income tax for residents of Indianapolis suburbs.
Do you serve Indiana clients outside Indianapolis?
Yes. Our practice is virtual-first, so we serve clients across all of Indiana — including Fort Wayne, Evansville, South Bend, Carmel, Fishers, Bloomington, Hammond, Gary, Lafayette, Muncie, Anderson, Columbus, Terre Haute, and every Indiana county — with the same level of access and service.