Indianapolis Wealth Management is No Longer Exclusive to Billionaires

Most Indianapolis wealth management focuses solely on brokerage, but completely misses at least 29 other areas. Our comprehensive family office services give you convenient access to 70+ professionals usually only afforded by billionaires.

Serving the greater Indianapolis area’s 887,642 residents and 87,297 businesses spanning Meridian-Kessler, Carmel, and Westfield, and beyond for all of your Indianapolis small business accounting needs.

Case Study

How We Helped a Couple Save $160,000 in Taxes After a Big Whoopsie!

Break Into the Top 2%

According to a recent Spectrum study, 78% of high-networth clients expect “wealth transfer advice” and “trust services” from their advisors, but only 2% receive it.

Making Billionaire Family Office Services Attainable for Everyone

To grow and retain your wealth today and for generations to come, you’ll need a team of experts comprised of attorneys, accountants, financial advisors, risk mitigation specialists, and business advisors.

The full-time in-house employment of all of these professionals for wealth management is known as a “family office,” and it’s usually reserved for billionaires because hiring all of these services individually could break your bank.

Plus, do you have the time and know-how to assemble this team?

That’s why we’ve done it for you!

Our Wealth Management
Solutions Are for You if You Want…

Your Wealth to Be Protected

We go beyond expectations, helping you structure and preserve your wealth in this lifetime and beyond.

Access to a Team of Professionals

Our family office services give you convenient access to all the accountants, lawyers, and advisors you need.

To Ward Off Issues Before They Happen

With our proactive and holistic guidance, we’ll plan ahead so you and your family always end up on top.

«We’ve assembled 70+ professionals in our family office so you have all the wealth guidance and support you need to ensure your legacy wealth is secured for you and your family.»

Trusted by Indianapolis Business Owners

“They were quick to get back to us and set up an in person appointment to discuss final taxes on an estate. The office was professional and in a great easy to get location.”

Doddie Dunbar

“We have had our taxes done here for many years. They have always been professional and provided excellent customer service.”

Rhiannon O'Brien

“Tim is wonderful. Easy to work with and very thorough, saving me money on my business taxes. I wouldn't use anyone else.”

Tessie Adams

CPAs With a Passion for Family Office Services

Established in 1964 in Portland’s Hollywood district, this firm already offered extraordinary tax planning services. Since then, I have evolved our company beyond the typical Indianapolis accounting firm to include estate planning and wealth advisory because I wanted to take care of my family’s legacy wealth and help others do the same.

Over the years, clients have passed away and I’ve seen the disaster it creates for those who don’t have a plan in place. I truly want better for you and your family.

I know what good estate planning looks like for a bereaved family. It takes unnecessary stress off their plate and leaves them in a very good situation for decades.

On behalf of my family and our amazing team at Downing & Co, I look forward to working with you so you can save in taxes today and ensure your legacy for the future.

Tim Downing, CPA, Oregon | Downing & Co. Managing Principal

We’re Not Your Average Indianapolis Wealth Management Firm. Here’s What You’ll Get When You Hire Us…

Close to 0% Tax Liability

Our family office wealth management services will ensure your tax payments are as close to $0 as possible, so you can keep more of what you worked so hard for.

Up to 10x ROI

Your results are our success, so we design our wealth management solutions to generate at least a 3x return on investment, and in most cases, we hit a 10x ROI.

Streamlined & Convenient

Our comprehensive team of 70+ experts provide a holistic strategy that includes: legal services, wealth management, tax planning, risk mitigation, and business advisory.

Our 5 Phases of
Proactive Planning

Proprietary Client Interview

Customized Proactive Action Plan

Wide Access to Experts

Implementation

Regular
Check Ins

Meet Your Indianapolis CPA Team

Tim Downing, CPA, Oregon

Managing Principal

Jeannie Ryall, EA

Tax Manager

Dachelle Hattan

Tax Accountant

Lee Schwartz

Advanced Planning Team Lead

Shirley McArthur

Office Manager

Your Comprehensive Family Office
Wealth Management Services

Personal Planning Focus

Financial Planning

✓ Investments
✓ Retirement
✓ Social Security
✓ College Expenses
✓ Safe Money Options

Advanced Planning

✓ Personal Tax Reduction
✓ Asset Protection Planning
✓ Wealth Transfer Advisory
✓ Tax Advantaged Wealth

Legacy Planning

✓ Trust Planning
✓ Estate Planning
✓ Charitable Planning

Insurance/Risk Management

✓ Risk Management
✓ Life Insurance
✓ Personal Health Insurance
✓ Long Term Care
✓ Disability Insurance

Business Planning Focus

Business Strategy

✓ Business Direction/Vision
✓ Business Growth
✓ Leadership Skills
✓ Culture & Accountability
✓ Succession Planning

Business Finance/Costs

✓ Financing Options
✓ Reducing Operational Costs
✓ Business Tax Strategies

Business Protection/Risk Management

✓ Buy-Sell Agreements
✓ Key Man Coverage
✓ Property & Casualty Insurance

Employee Benefits

✓ Reducing Health Costs
✓ Employee Retention
✓ Employee Retirement Plans

Book a Free
Consultation

We’ll start your journey through our proprietary client interview process to review your unique situation and develop actionable recommendations that meet or exceed your tax, bookkeeping, estate, or wealth planning needs quickly and conveniently.

Fixed Fee

No Surprises
Guarantee

We believe in full transparency and respect, which is why we offer a fixed fee for our family office and wealth management services. That way, there are never any surprises!

Yes, We Offer Small Business Accounting in Indianapolis, Indiana

Carmel, IN
Fishers, IN
Noblesville, IN
Greenwood, IN
Lawrence, IN
Plainfield, IN
Avon, IN
Zionsville, IN
Westfield, IN
Brownsburg, IN
Beech Grove, IN
Speedway, IN
Franklin, IN
Greenfield, IN
Mooresville, IN
Shelbyville, IN
Lebanon, IN
Whiteland, IN
New Palestine, IN
Southport, IN
Danville, IN
Pittsboro, IN
McCordsville, IN
Bargersville, IN
Cumberland, IN
Cicero, IN
Fortville, IN
Ingalls, IN
Clayton, IN
Tipton, IN

Multnomah
Washington
Clackamas
Columbia
Yamhill
Marion
Polk
Tillamook
Hood River
Clatsop
Lincoln
Linn
Benton
Wasco
Jefferson
Lane
Skamania (WA)
Klickitat (WA)
Cowlitz (WA)
Clark (WA)
Pacific (WA)
Wahkiakum (WA)
Sherman
Morrow
Gilliam
Crook
Deschutes
King (WA)
Pierce (WA)
Thurston (WA)

Indianapolis Small Business Accountants is near Lucas Oil Stadium which is close to Meridian-Kessler, Broad Ripple, and Westfield. The Children’s Museum of Indianapolis, Gainbridge Fieldhouse, and the Indianapolis Motor Speedway are also nearby.

FAQs

How much should an accountant charge for a small business?

Accountants typically charge small businesses between $150 and $400 per hour, depending on experience, services offered, and complexity. For monthly bookkeeping, fees often range from $200 to $1,000, while annual tax preparation may cost $500 to $2,000. Package pricing or retainers can offer predictable costs.

Is it worth it to hire an accountant for a small business in Indianapolis, IN?

Yes, hiring an accountant in Indianapolis can save time, reduce tax liability, and help avoid costly mistakes. Local accountants understand Indiana tax laws and business requirements, making compliance easier. For most small businesses, the investment pays off through accurate financials, better decision-making, and peace of mind.

Can you do your own small business accounting?

Yes, small business owners can do their own accounting using tools like QuickBooks or Wave. However, it requires time, attention to detail, and basic accounting knowledge. DIY accounting may work for very small or simple operations, but professional help is recommended as the business grows or taxes become complex.

What type of accountant is best for small business?

A Certified Public Accountant (CPA) with small business experience is often best. They offer tax expertise, strategic planning, and financial analysis. Bookkeepers or Enrolled Agents (EAs) may suffice for basic needs, but CPAs provide a wider range of services and can represent you before the IRS if needed.

1 Fun And 1 Interesting Fact About Indianapolis!

Indianapolis, IN is home to the world’s largest single-day sporting event—the Indianapolis 500, held annually at the Indianapolis Motor Speedway. Drawing over 300,000 spectators, the event is so massive that the Speedway itself could fit Yankee Stadium, the Roman Colosseum, Churchill Downs, and the Rose Bowl inside its 2.5-mile oval track with room to spare. The race is steeped in tradition, including the iconic winner’s milk celebration, and it’s a cornerstone of the city’s identity. Beyond the racetrack, Indianapolis boasts more monuments and memorials than any city in the U.S. aside from Washington, D.C., earning it the nickname “The Monument City.” The Soldiers and Sailors Monument in the heart of downtown is taller than the Statue of Liberty from base to torch and offers an observation deck with sweeping city views. Its impressive memorial landscape honors veterans, civic leaders, and historical moments, blending art, architecture, and public memory. With a thriving arts scene, dynamic food culture, and more than 200 city parks, Indianapolis balances Midwestern warmth with surprising cultural depth. Whether you’re racing to the finish line or pausing to reflect among the monuments, Indy offers a rich, multi-layered experience that celebrates speed, history, and community.

Indianapolis Small Business Accounting Resources

Oregon Society of CPAs

10206 SW Laurel St
Beaverton, OR 97005

(503) 641-7200

Oregon Association of Tax Consultants

3075 S.E. Century Blvd.
Suite 110
Hillsboro, OR 97123

(503) 726-0100

Portland Accounting Office

1120 SW 5th Ave #1250
Portland, OR 97204

(503) 823-5288

Institute of Management Accountants

ima.pdx@gmail.com

What is the National Association of State Boards of Accountancy (NASBA)?

The National Association of State Boards of Accountancy (NASBA) is a nonprofit group that serves the 55 state and U.S. territory boards of accountancy, which are responsible for overseeing the accountancy profession in the United States and administering the Uniform CPA Examination.

What is the Indiana CPA Society?

The Indiana CPA Society is a statewide professional association representing nearly 6,000 current and aspiring CPAS and related professionals who are transforming business in Indiana. We serve the public interest as well as our members. We function as an advocate for the profession through education, public awareness, government relations and promotion of high ethical standards. Programs and services offered by us are designed to meet the needs that have been identified for our diverse membership.

Indianapolis, IN, Oregon Local Resources

Small Business Accountant
Indianapolis

Indianapolis Chamber

115 W Washington St #850s
Indianapolis, IN 46204

(317) 264 – 3110

Indianapolis Office of Finance and Management

200 E. Washington St. CCB-T2201
Indianapolis, IN 46204

(317) 327 – 4310

Indianapolis IRS Taxpayer Assistance Center

Minton-Capehart Federal Building
575 N Pennsylvania St
Indianapolis, IN 46204

(844) 545-5640

Indianapolis Metropolitan Police
Department

50 N. Alabama St
Indianapolis, IN 46204

(317) 327-3811

City of
Indianapolis

200 E Washington St G30
Indianapolis, IN 46204

(317) 327-4720

Top Companies in Indianapolis, IN

Eli Lilly and Company

Lilly Corporate Center
Indianapolis, IN 46285

(317) 276-2000

Elevance Health

220 Virginia Avenue
Indianapolis, IN 46204

(833) 401-1577

Simon Property Group

225 West Washington St
Indianapolis, IN 46204

(317) 636-1600

Corteva

9330 Zionsville Road
Indianapolis, IN 46268

(833) 267-8382

Allison Transmission

One Allison Way
Indianapolis, IN 46222

(317) 242-5000

Calumet

1060 N Capitol Ave
Suite 6-401
Indianapolis, IN 46204

(317) 328-5660

More About Small Business Accounting in Indianapolis, IN

Indianapolis is the capital and most populous city in Indiana, with a population of approximately 880,000 residents. As part of the larger Indianapolis metropolitan area, which houses over 2 million people, it serves as a cultural and economic hub of the Midwest. The city has seen steady growth due to its affordable cost of living, diverse economy, and central location. Major industries include healthcare, manufacturing, logistics, and sports, with notable employers like Eli Lilly, IU Health, and Salesforce.

The city’s demographics are diverse: around 60% of residents identify as White, 28% as Black or African American, 11% as Hispanic or Latino, and 3% as Asian. Indianapolis also has a growing immigrant population, contributing to its vibrant cultural landscape. Residents range from lifelong Hoosiers to newcomers drawn by job opportunities and a strong sense of community. The city blends a laid-back Midwestern vibe with urban energy, offering everything from historic neighborhoods to new developments. Locals enjoy an active civic life, with popular events like the Indy 500 and thriving local arts, food, and music scenes. Indianapolis combines big-city amenities with small-town friendliness, making it an appealing place to live and work.

Small business accounting in Indianapolis plays a vital role in helping local entrepreneurs manage finances, stay compliant with state and federal tax laws, and make informed business decisions. Many businesses in the city rely on accounting professionals for services like bookkeeping, payroll, tax preparation, and financial forecasting. With a strong base of CPAs and bookkeeping firms, Indianapolis offers affordable, high-quality support tailored to industries like healthcare, retail, construction, and professional services.

A network of local accountants familiar with Indiana tax codes and regulations supports the city’s small business environment. Whether it’s managing sales tax, setting up QuickBooks, or preparing for audits, experienced professionals help streamline operations and reduce costly errors. Many accountants in Indianapolis offer flexible pricing—monthly packages, hourly rates, or flat fees—to fit different business needs. For startups and growing companies, this financial guidance is essential for long-term success and scalability.

Downing & Co. works with businesses and high-networth individuals to minimize their taxes and grow their bottom line, while building and preserving their legacy. Offering tax planning, accounting services, estate planning, and wealth management services in the greater Indianapolis area, we work holistically and proactively for you. Our clients love our quick response time, fixed fees, friendly advisors, and our creative, results-focused approach.