News & Resources

Tax Incentives

  Need to ensure you are minimizing your business and personal tax liability? Look no further than Somerset’s Tax Incentives Team. The dedicated consultants on our Tax Incentives Team will work with your leadership group to ensure that tax laws

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CReED Tax Credit Program

  Somerset CPAs and Advisors assists businesses apply for and navigate through the tax code to find applicable tax deductions and tax credits. One example is the Community Revitalization Enhancement District (CReED) tax credit. The CReED program offers up to 25% against

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Want Your Tax Refund As Soon As Possible? Skip the Paper

  The Indiana Department of Revenue recommends filing taxes electronically and using direct deposit. The Indiana Department of Revenue (DOR) encourages individual filers to skip the paper forms in 2019 and go digital. Not only are returns filed electronically often

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Tips for Filing Your Tax Return

  The 2019 individual income tax season is in full swing and that means the Indiana Department of Revenue (DOR) is busy processing tax returns. Somerset wants your tax season to go smoothly. Below are suggestions when filing your tax

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Growing Company Tax Credits Compliance

  Indiana companies who are growing and have been awarded Indiana tax credits or training grants for growth have a compliance reporting deadline of February 14, 2019. Yes, this date is Valentine’s Day, but also the date your company is

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IRS to Process Tax Returns Beginning January 28, 2019

  The Internal Revenue Service (IRS) has announced, despite the government shutdown, it will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled. Congress directed the payment of all tax refunds through a permanent, indefinite

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