印第安纳州公司税收
Indiana’s growing economy and midwestern charm make it an increasingly popular place to begin a business. Yet, as more business owners choose to start new ventures in the state, many may find it challenging to understand the business taxes involved.
Regardless of the size of your business, if you operate a limited liability company (LLC) in Indiana, you must stay up to date on your finances and pay federal, state, and local taxes. Our guide will help you understand the taxes you must pay for your Indiana LLC.
Recommended:Schedule a free consultation with an accountantto stay on top of your taxes.
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LLCs benefit from pass-through taxation, which means the business’s profits pass through to its members’ individual tax returns. As a result, your LLC itself doesn’t pay taxes to the federal government or the state of Indiana. Instead, LLC owners must pay taxes on their portion of the income generated by the LLC.
In Indiana, LLC owners can expect to pay the following taxes:
Federal Taxes
不管你的生意所在,如果you have an LLC within the United States, you will have to pay federal income taxes and federal self-employment taxes. These taxes are reported on your Form 1040.
Federal Self-Employment Taxes
It doesn’t matter if your LLC is a single-member LLC or a multi-member LLC; all LLC members must pay self-employment taxes on their share of the LLC’s profits. The self-employment tax rate is 15.3%.
Federal Income Taxes
Your federal income taxes will depend on your tax bracket, and the cutoffs for individual tax brackets, as well as the percent owed, will change each year.
Indiana State Taxes
Every state has its own laws that dictate how it taxes individuals and businesses. Below, you’ll find details on some of the most important state-level taxes that affect LLCs in Indiana.
Indiana Income Taxes
The state income tax rate in Indiana is 3.23%. This is quite low when compared to other states across the country — most of which have rates of 4% or higher.
Indiana Sales and Use Tax
Indiana’s state sales tax rate is 7% — one of the highest in the country when compared to other states. However, Indiana cities and counties don’t levy additional, local sales taxes so 7% is the most the rate can be statewide.
Register for a Retail Merchant Certificate
If your business sells taxable goods or services, you must register with the Indiana Department of Revenue to receive a sales tax license (also known as a Registered Retail Merchant Certificate). You can do this on theIndiana Department of Revenuewebsite.
Additional State Taxes
The Indiana Department of Revenue oversees the collection of various state-specific taxes that your business may have to pay, depending on its location, industry, and number of employees. Examples of these additional taxes include:
- Fuel Tax
- Innkeeper’s Taxes
- Motor Vehicle Rental Tax
- Fireworks Public Safety Fee
- Tire Fee
To learn more, visit theIndiana Department of Revenuewebsite.
Indiana Local Taxes
The local laws and ordinances of one city or county in Indiana will differ from those in another. Regardless of where you live in Indiana, we recommend you check with your local jurisdiction and ensure your business obtains the proper local permits and follows any local regulations that may impact its operations.
Indiana LLC Compliance
To remain in good standing with the state of Indiana, your business must follow state and local laws. While LLCs technically don’t file taxes with the state, Indiana businesses must still file a business entity report every other year.
Indiana Business Entity Report
Every two years, Indiana LLCs must file a business entity report with the Indiana Secretary of State. These reports help the state maintain accurate contact information for your business. You can file your report by mail oronlinefor a $50 or $31 fee, respectively.
Your business entity report is due by the last day of your LLC’s anniversary month — the month in which the state approved your LLC’s formation. If you formed your LLC on March 18, 2024, for example, you’d need to file your first business entity report by March 31, 2026.
For more information, check out ourIndiana LLC Business Entity Reportguide.
LLC taxes are complex. While our guide can provide you with important information, we recommend youschedule a free consultation with an accountantto ensure you handle your business taxes correctly.