Fort Wayne small businesses can rely on 1-800Accountant, America's leading virtual accounting firm, for expert tax preparation and bookkeeping services tailored to Indiana's unique regulations.
Business Tax Preparation: Fort Wayne businesses can benefit from our CPA expertise tailored to your industry. With an average of 17 years of experience, our CPAs understand the local tax landscape and can often save you thousands annually. We handle the complexities of Indiana tax laws, giving you peace of mind and more time to focus on growing your business.
Bookkeeping: Gain clarity on your financial position with accurate, timely bookkeeping. Our service helps Fort Wayne entrepreneurs manage cash flow effectively and make informed decisions. We provide easy-to-understand reports that translate raw data into actionable insights, supporting your accountant in creating valuable financial models for your business's future.
Tax Advisory: Tax planning is a year-round necessity for Indiana businesses. Our affordable advisory service connects you with a dedicated small business tax advisor who knows Fort Wayne's economic landscape. We help you navigate Indiana's tax regulations, identify potential deductions, and develop strategies to minimize your tax liability while ensuring full compliance.
Payroll: Simplify your payroll process and save valuable time each pay period. We manage all aspects of payroll, including accurate tax submissions to Fort Wayne and Indiana authorities. This comprehensive service ensures your employees are paid correctly and on time, allowing you to concentrate on other critical business operations.
Business Formation: Start your Fort Wayne business on the right foot with our complimentary incorporation services. We guide you through the process of establishing your business in Indiana, handling the paperwork while you cover only the necessary state fees. This service sets you up for success, enabling you to hire employees, open a business bank account, and take advantage of the most beneficial business structure for your situation.
Level | Rate |
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State Tax Rate | 7% |
County Tax Rate | None |
Municipal Tax Rate | None |
Combined Sales Tax Rate | 7% |
City Specific Taxes |
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Fort Wayne, Indiana has a Local Income Tax that all businesses must pay at a combined rate of 1.59%, allocated as 0.4821% for Local Income Tax Certified Shares, 0.53% for Economic Development, 0.10% for Public Safety, 0.3679% for Property Tax Relief, and 0.11% for Correctional & Rehabilitation facilities. |
Licenses and Permits |
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Fort Wayne does not require a general business license. However, certain businesses may need specific permits or licenses depending on their activities. |
Businesses planning to install signage must obtain sign permits from the city. |
Construction and renovation projects in Fort Wayne require building permits before work can commence. |
Grants and Funding in Fort Wayne | Grants and Funding Information |
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SEED Business Grant Program | This program provides up to $5,000 per calendar year to eligible businesses within the Summit City Entrepreneur and Enterprise District. The funds can be used toward operating equipment, interior enhancements, and professional services, and applications for 2025 are now open. |
IEDC Community Collaboration Fund | The Indiana Economic Development Corporation has awarded $1.05 million in Community Collaboration Fund grants to support entrepreneurial projects statewide, with several initiatives benefiting businesses in Northern Indiana. |
When choosing an accountant or bookkeeper for your Fort Wayne small business, consider these key factors:
Certifications and State Compliance: Choose a professional with the proper credentials, such as a CPA. They should have a solid grasp of Indiana's tax laws and compliance standards so that you have a reliable advisor for managing your financial records.
Experience and Specialization: Select someone with a background in your industry. In Fort Wayne, industries like advanced manufacturing, healthcare, e-commerce, and technology require knowledge that aligns with your business needs.
Understanding of Local Economic Conditions: It is helpful to work with a professional who is familiar with Fort Wayne’s local economy. They will understand the impact of major employers, historic neighborhoods like West Central, and local sectors such as specialty insurance and defense, all of which influence strategic financial decisions.
Knowledge of State Tax Incentives: Indiana provides business-friendly tax credits for job creation, capital investment, and targeted sectors. A well-informed advisor can pinpoint these benefits and help manage your tax responsibilities effectively.
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
*Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
*Historical first-party data.