L. M. Henderson & Company, LLP

06/27/2024

We all need a vacation now and again, and fortunately when you plan strategically, a travel fund isn’t that difficult to build. Following these simple finance steps will help you plan smart and have you on your dream getaway in no time!

Dreaming of a getaway but feeling strapped for cash? Whether you're yearning for a beach retreat, a cultural adventure, or simply a change of scenery, building a vacation fund doesn't have to feel like an impossible feat. With some strategic planning and a bit of discipline, you can turn your travel...

06/26/2024

There are multiple factors that can contribute to your credit card limit. Income, debt-to-income, credit history, type of credit card and even your limit on other cards all play a role in the determination of your credit card limit. We keep your finances in order so you can continue focusing on what you love! Call us at (317) 566-1000 to schedule a consultation.

06/25/2024

You have worked hard to get to where you are in your business. That is why choosing the right consultant is highly important! Don’t wait until you find a major error to reach out. By planning ahead, we can assist with financial forecasting and strategic management. Call us today at (317) 566-1000.

06/24/2024

Each takes a different approach to budgeting, but all share the common goal of helping you reach your financial goals. Guidance to navigate through life's challenges towards financial success is just a call away! Contact us at (317) 566-1000.

06/20/2024

Believe it or not, accounting can significantly affect the trajectory of your business. Through understanding your financial health, you can make more informed decisions that help you to budget and forecast your investments to ensure a successful future for your company.

In the complex maze of running a business, making informed decisions is paramount. Every move you make impacts your company's bottom line, and navigating the financial landscape requires a keen understanding of your numbers. This is where accounting steps in as your guiding light, offering valuable....

06/19/2024

You Can Expect Extraordinary and Personalized Service from Us. Don't Wait! Contact Us Today at (317) 566-1000!

06/18/2024

As a small business owner, it's important to periodically estimate your income taxes throughout the year based on your business' growth and projected pretax income. If you're a small business owner, including online business owners, may find yourself having to make quarterly estimated federal tax payments if you expect to owe more than $1,000 for the year. Need help with your business' taxes? Schedule an appointment with us today at (317) 566-1000!

06/17/2024

Estate tax is a tax collected by the federal government upon the estate of a deceased person. The federal government allows for certain exclusions and deductions, then taxes a set level. In addition to the federal estate tax, several states have a state estate or inheritance tax. We keep your finances in order so you can continue focusing on what you love! Call us at (317) 566-1000 to schedule a consultation.

06/13/2024

The inheritance you leave your family can set the tone of your loved ones’ financial situation for generations to come. When planning your estate and administering a trust, there are complexities you must navigate through to ensure that your wishes are carried out as you intend. Careful planning and understanding your goals are key to a successful inheritance and legacy.

Leaving behind an inheritance is more than just a financial transaction; it's a legacy that can profoundly impact the lives of your loved ones for generations to come. Whether you're planning your estate or navigating the complexities of administering a trust, there are several crucial consideration...

06/12/2024

With up-to-date financial records, you can make sound financial decisions, stay organized, protect yourself from potential losses or threats, look for opportunities, and build trust with customers and investors. Failure to keep the records updated can mark your business as a fraud at worst and end up paying penalties. We'll save you hours of confusion and stress - you can count on that! Contact us today at (317) 566-1000 for more information about our services.

06/11/2024

Books behind? Get caught up by contacting us at (317) 566-1000 to discuss how we can help you!

06/10/2024

When starting your business, you'll have to choose one of two different accounting methods: cash or accrual. Cash-based accounting is typically used for small, first-time businesses where sales and expenses are recorded only at the time of payment. Accrual accounting is more complicated to cash-based accounting. Sales or expenses are recorded when they're incurred, even though the payments will begin at a later date. The accrual method encompasses a longer-term view of the business across multiple periods, and it’s the standard among larger companies and financial institutions. Take a moment to determine what you think will be fit your business, and if you need additional help with your businesses accounting - don't hesitate to call us today at (317) 566-1000!