Leonard J. Andorfer & Co. was founded in 1947 by Leonard Andorfer and Emmett Krouse in Fort Wayne, Indiana. We are a full-service accounting firm with over 100 years of combined certified public accounting experience. We strive to provide our clients with high-quality service at a competitive price. We focus on forming and maintaining long-term personal relationships with our clients based on a foundation of trust, attention to detail, and responsiveness.
Important update on beneficial ownership interest reporting
Beginning on January 1, 2024, in accordance with the Corporate Transparency Act of 2019, many companies in the United States will have to report information about their beneficial owners, i.e., the individuals who ultimately own or control the company. They will have to report the information to the Financial Crimes Enforcement Network (FinCEN). FinCEN is a bureau of the U.S. Department of the Treasury.
A reporting company created or registered to do business before January 1, 2024, will have until January 1, 2025 to file its initial beneficial ownership information report.
A reporting company created or registered on or after January 1, 2024, and before January 1, 2025, will have 90 calendar days after receiving notice of the company’s creation or registration to file its initial BOI report. This 90-calendar day deadline runs from the time the company receives actual notice that its creation or registration is effective, or after a secretary of state or similar office first provides public notice of its creation or registration, whichever is earlier.
Reporting companies created or registered on or after January 1, 2025, will have 30 calendar days from actual or public notice that the company’s creation or registration is effective to file their initial BOI reports with FinCEN.
We recommend clients file these reports on their own or consult their attorney for additional guidance.
File for free here: https://boiefiling.fincen.gov/fileboir
Learn more about the filing requirements here: https://boiefiling.fincen.gov/help
Services
Audits, Reviews, and Compilations
Whether you require an independent audit to satisfy contractual obligations, or just to assure yourself that all your accounts are in order, we can provide the expertise you need. We work closely with our clients to minimize disruptions as information is collected, and produce financial statements that provide insight to the operation of your business or nonprofit.
Bookkeeping
If your business doesn’t have an accountant on staff, bookkeeping can be an exercise in frustration. Let us make your job easier with our bookkeeping service. We will manage your chart of accounts and keep a set of books that accurately reflects the financial state of your business.
Quickbooks Software Training
Keeping an accurate set of books is a necessary part of any business, and bookkeeping software can make that task a lot easier. But sometimes it takes help to get familiar with a new piece of software. If you’re using QuickBooks, we can help you create your chart of accounts, close out your old books, and make efficient use of your new software.
Business Consulting
Sometimes it’s good to get an outside perspective from a professional you can trust. Whether you need help solving a problem that faces your business or weighing the costs and benefits of an opportunity, we can provide the perspective you need. With our business consulting services you can count on getting an independent view that provides the insight you need to make decisions that further your goals.
Business Entity Selection
Choosing how a new business will be organized can be a confusing and critical decision. Sole proprietorships, partnerships, LLCs, and corporations all offer differing levels of protection and complication for the business owners. We can help you decide which structure is the right fit for your business, and help you reevaluate that decision as your business grows.
Buying or Selling a Business
When buying or selling a business, we can help you at every step of the process. We can help you perform due diligence, and assist with financing strategies for any purchase that takes place.
Estates and Trust
By planning today, you can take steps to ensure that your estate or trust is executed as you intended. We can work with you and your attorney to understand your goals, take steps to minimize taxes, and assist in transferring assets to your heirs as you direct.
Financial Statements
Financial statements are useful tools for decision making and for representing the state of your business’ finances to outside parties. We can work with your staff to produce accurate monthly or annual financial statements that reflect the financial health of your business.
IRS Representation
An audit can be scary and confusing for a business owner. If your business finds itself being audited, we can represent you in your dealings with the IRS and state taxing authorities so that you and your interests are protected.
Notary Public
For your convenience, we have a notary public available to witness and authenticate the execution of documents and signatures.
Payroll Services
There are numerous local, state, and federal tax laws that all interact to make payroll and withholding difficult to manage. Our payroll experts can manage these business functions for you by filing payroll taxes, and preparing W-2s and 1099s.
Sales Tax Services
Managing and submitting state and local sales taxes can be complicated, especially if you do business in multiple tax jurisdictions. Our sales tax services can simplify these tasks for you by helping you track your sales tax obligations and preparing your sales tax returns.
Tax Preparation and Planning
With tax laws changing every year, it can be a challenge to keep on top of the particular changes that affect you and your organization. Let our tax experts prepare your individual, business, and nonprofit tax returns, as well as advise you on ways to minimize your tax liability.
Business Succession Planning
Deciding when and how to dispose of your business interests can be a complicated process, particularly if family members are involved. Our experts can walk you through this process and help design purchase agreements that are fair to all parties and ensure the successful transition of your business to the next generation.
Indiana Property Tax Services
Most businesses in the state of Indiana are required to file annual business personal property tax returns in each county and/or township where business is conducted. Our firm can help you navigate the complexities associated with these filings and ensure you remain compliant with all local and state business personal property tax filing requirements.
