Finding the Best Accounting Firms in Indianapolis, Indiana

How do you create value for both your business and your personal finances?

One of the best ways is by identifying and partnering with a leading accounting firm.

The best firms will offer financial and tax solutions that allow entrepreneurs, business owners, and individuals valuable tools to keep their accounting and finances on track.

For those seeking accounting, tax, and financial services in the Indianapolis area, AdvisoryHQ has thoroughly researched Indianapolis accounting firms to identify the top Indianapolis CPA firms.

Before discussing the companies included in this ranking of accounting firms in Indianapolis, however, there’s one key question to consider:

What are the signs of a top-quality Indianapolis accounting firm?

For many people, the primary criteria or factors to include are trust, accountability, reputation, respect for clients and the community, and transparency.

All of these and more are embodied by the Indianapolis CPA firms included in this in-depth ranking.

Best Accounting Firms in Indianapolis Red Award Emblem

Award Emblem: Top 11 Best Accounting Firms in Indianapolis, Indiana

AdvisoryHQ’s List of the Top 11 Best Accounting Firms in Indianapolis, Indiana

List is sorted alphabetically (click any of the above names to go directly to the detailed review for that accounting firm):

Click here for 2016’s ranking of the Top 11 Best Accounting Firms in Indianapolis, IN

Top 11 Best Accounting Firms in Indianapolis, Indiana | Brief Comparison

FirmHighlighted Features
Blue & Co., LLCIndustry-specific services
ComerNowling & AssociatesFocus on affordable housing & real estate associations
Donovan CPAs & AdvisorsApproachability & personality
Greenwalt CPAs, Inc.Transparency in specific industry experience
Katz Sapper & MillerBroad range of industry specializations
L.M. Henderson & Company, LLPComprehensive business & individual services
London Witte & Company, LLPValuable personal, business, and consulting services
Million & Company, LLPSpecialty in resolving personal & business tax issues
Simons Bitzer & Associates, PCInternal audit & fraud prevention services for businesses
Somerset CPAs and AdvisorsOffers technology solutions & services 
Sponsel CPA Group, LLCStrong community involvement

Table: Top 11 Best Indianapolis Accounting Firms | Above list is sorted alphabetically

AdvisoryHQ’s Selection Methodology

What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, and products that are ranked on its various top-rated lists?

Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top-rated credit cards, financial accounts, firms, products, and services.

Detailed Review—Top-Ranking Best Accounting Firms in Indianapolis, IN

Below, please find a detailed review of each firm on our list of best accounting firms in Indianapolis. We have highlighted some of the factors that allowed these Indianapolis accounting firms to score so high in our selection ranking.

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Blue & Co. Review

Ranked as the 56th largest CPA firm in the U.S. by INSIDE Public Accounting, Blue & Co. is a leading Indianapolis CPA firm that also maintains offices in Kentucky, Ohio, and Texas.

With a total of 12 offices, Blue & Co. has cultivated a culture of helping clients address a range of financial issues with carefully tailored solutions.

Its areas of specialty and expertise are diverse and include auditing, business planning, and litigation support, among many other services.

Key Factors That Enabled This Firm to Rank as a Top 2017 Indianapolis Accounting Firm

Below are some of the compelling reasons Blue & Co. was included on this list of the top 11 accounting firms in Indianapolis.

Industry-Focused Service

Two fundamental components drive every service offered by Blue & Co.

The first is a strong, constantly evolving, and robust knowledge of all accounting services provided by this leading CPA in Indianapolis.

The next aspect of its service that makes it unique is that it delivers this high level of accounting knowledge and expertise in a way that’s in line with its industry expertise in key areas.

The primary industries served by Blue & Co. include:

  • Agribusiness
  • Construction
  • Health care
  • Financial institutions
  • Manufacturing/distribution
  • Not-for-profit
  • Technology start-up
  • Closely-held businesses

Core Values

Essential to each client engagement and relationship are a guiding set of core values.

The ability to cultivate and maintain high standards are one of the likely reasons Blue & Co. has been so successful over so many years. These values include:

Genuine Success

As one of the top CPAs in Indianapolis, Blue & Co. believes in genuine success. This means success for both itself but, more importantly, its clients.


As a whole, this Indianapolis accounting firm strives to be responsive. Responsiveness includes efficiency, accessibility, responsibility, and collaboration to achieve client goals.

Caring Environment

The Indianapolis CPAs at Blue & Co. strive to be caring. This includes showing dignity, respect, and courtesy.

This Indianapolis accounting firm also strives to be transparent and honest in its communication and values a positive, enjoyable environment for everyone.


Professionals at Blue & Co. aren’t just accountants; they are also advocates that act on behalf of their clients.

For Blue & Co., advocacy is closely tied to performance, as they strive to exceed client expectations through value-added services. 

Affiliates and Partners

One of the many pivotal ways Blue & Co. stands out as a leader among accounting firms in Indianapolis is its affiliations and partnerships.

To provide the highest level of service, they have partnered with some of the top organizations in its industry. This allows the firm to stay ahead of any and all accounting trends or changes.

These affiliations and partnerships ensure regular peer reviews and provide a vast network of resources to solve even the most complex financial and accounting issues on behalf of clients.

Affiliates and partners of Blue & Co. include:

  • Alliant Management Services
  • Alliant Purchasing, LLC
  • Blue Benefits Consulting
  • Blue Consulting Services
  • Bluegrass Leasing
  • Magellan Management Group, LLC
  • Heartland Health Systems, Inc.
  • Align, LLC
  • McGuire & Sponsel, LLC
  • Ddsmatch.com
  • American Institute of Certified Public Accountants

Leading Edge Alliance

Blue & Co. is an independent member organization of the Leading Edge Alliance (LEA Global). Founded in 1999, it is the second largest international association in the world.

LEA Global includes hundreds of high-caliber firms focused on accounting, financial, and business advisement. 

This  affiliation allows Blue & Co. to provide global expertise and tap into a broad and diverse network of resources.

ComerNowling & Associates Review

A full-service tax and accounting firm, ComerNowling has been serving the needs of clients for more than 15 years.

Founded in 2000, ComerNowling focuses on auditing, attestation, consulting, and taxation services in the industries of multi-family affordable housing, nonprofits, homeowners/condominiums, and taxation.

ComerNowling is licensed in many states throughout the U.S., with a client base spanning from New York to Hawaii and Puerto Rico.

Key Factors That Led Us to Rank This Firm as a Top 2017 Indianapolis Accounting Firm

The list below represents some of the reasons ComerNowling was selected as one of the top accounting firms in Indianapolis, IN.


ComerNowling is a member of several prestigious organizations, increasing their authority within their accounting peers and industry expertise. 

Some of the firm’s licensing and membership affiliations include:

  • The American Institute of Certified Public Accountants
  • Rural Housing Association
  • Association of Government Accountants
  • Affordable Housing Association of Certified Public Accountants
  • Government Audit Quality Center

Additionally, Gregory Nowling has created training materials for the USDA Rural Development employees pertaining to auditing requirements. Some of these materials are currently used by government bodies and associations.

Dynamic Content

As being a well-respected and top Indianapolis CPA firm, ComerNowling delivers a full selection of educational materials and resources that can be of great assistance to clients.

The firm calls this “Dynamic Content,” and this includes tax and financial newsletters, general business news and guides, stock market news, financial planning tips and guides, and technology-focused content.

Areas of Specialization

ComerNowling is a unique CPA in Indianapolis because it strives to deliver quality service rooted in a thorough understanding of the fundamentals of accounting.

Additionally, this Indianapolis CPA firm also delivers services driven by industry specialization.

Specialty areas include:

  • Multi-family affordable housing
  • Nonprofit and homeowner/condo associations
  • Individual, corporate, and partnership taxation
  • Small business start-up and consulting
  • Cost certifications for newly constructed or rehabilitated HUD and IRC Section 42 properties


ComerNowling is a full-service Indianapolis CPA firm, and its services are broad and include the following:


Included in the accounting services provided by ComerNowling are compilation, review, agreed-upon procedures, cost certifications, and audit accounting services.

The attestation and audit guidelines and regulations are very complex, and ComerNowling can help clients ensure they remain in line with those complex guidelines and rules.

This ensures that businesses do not lose federal funding or become subject to foreclosures, government takeovers, fines, and penalties.

Tax Services 

ComerNowling doesn’t just provide tax filing; it also strives to ensure filings are entirely accurate and efficient.

This Indianapolis accounting firm delivers financial forecasts, tax projections, management analysis, and entity selection.

Litigation Support

This can include divorce, civil court, bankruptcy, business buy/sell, and contract negotiations.

Consulting Services

Consulting services are designed to help clients address out-of-the-box or out-of-the-norm issues within the industries in which ComerNowling specializes.

Reserve Studies

Each of the consultants at ComerNowling meets the required criteria of the Professional Reserve Analyst and/or Reserve Specialist Designations. 

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Donovan CPAs and Advisors Review

Donovan CPAs and Advisors is an Indianapolis accounting firm that strives to bring extensive experience and traditional accounting together with innovation.

Its purpose is to help clients find solutions to even their most challenging accounting and financial issues.

Donovan has been in business for more than 40 years. Not only do they help clients handle their taxes and accounting, but ultimately, they strive to provide a sense of financial security and relief for their clients. 

Ideally, clients who use Donovan CPAs and advisors will be able to focus their time and energy on the growth of their business, personal finances, and assets.

indianapolis accounting firm

Image Source: Top Indianapolis Accounting Firms

Key Factors That Enabled This Firm to Rank as a Top 2017 Indianapolis Accounting Firm

The list below is a brief outline of some of the critical reasons Donovan was selected as one of the top 2017 Indianapolis accounting firms.

Simplifying the Complex

When you’re considering the selection of CPAs in Indianapolis, you’re likely looking for a team of professionals that can help you navigate the very challenging and complex issues that surround accounting and taxes.

This is something Donovan has a thorough understanding of. One of its primary goals with each client engagement is to make financial management as simple as possible.

Clients can rely on their Donovan team to deliver excellence in terms of accounting, finance, and taxes, allowing them to focus on operating their business and growing their revenue.


Accounting can inherently seem like a stuffy, dry aspect of running a business, but Donovan takes a unique approach to the work it does and each client relationship.

Not only do they strive to offer valuable, experience-driven service, but they also maintain a sense of communication and approachability. In fact, the firm is self-described as “a team of colorful personalities and great sense of humor.” 

The philosophy at Donovan is equal parts dedication, enthusiasm, and communication—all of which help clients achieve both personal and financial goals.

Industries Served

As with many of the names on this ranking of the top Indianapolis accounting firms, Donovan does operate within specific areas of industry specialization.

This allows it to understand not just accounting but also industry and market issues and challenges.

These industries served by this leading Indiana CPA firm include:

  • Manufacturing and distribution
  • Construction
  • Real estate
  • Agri-business
  • Nonprofits
  • Professional services
  • Family-owned businesses
  • Automotive

Money Savings

A tremendously important part of every client engagement undertaken by Donovan, one of the top Indianapolis CPA firms, is the idea that clients want to save money.

The guiding idea is that no one wants to pay more taxes than are required. This money-savings approach drives each service dealing with tax liabilities.

The Donovan team will use its long and extensive experience to identify every possible opportunity for clients to reduce the amount of money  they owe in taxes while also freeing them up to focus on their business in other areas.

Greenwalt CPAs Inc. Review

Greenwalt CPAs is a leading provider of tax preparation in Indianapolis as well as consulting services, audit, and assurance.

This accountant in Indianapolis has been serving the needs of clients since 1945, and a collaborative approach drives all services.

Greenwalt CPAs is led by several partners and principals, all of which are highly experienced Certified Public Accountants.

Key Factors That Allowed This Firm to Rank as a Top 2017 Indianapolis Accounting Firm

When considering CPA firms in Indianapolis, the following are some of the standout reasons Greenwalt was selected as one of the top 11 accounting firms in Indianapolis.

Industry-Specific Experience

Something unique and compelling about the way Greenwalt approaches industry-specific experience is that they make it easy for clients to see exactly what they have accomplished within each industry.

This means that clients can quickly find a glossary of experience within construction and real estate, manufacturing and distribution, not-for-profit, family-owned businesses, and professional services. 

For clients who are unsure as to whether an Indianapolis CPA is prepared for a specific accounting problem, this transparency with industry-specific experience is a great way to find out.

Additionally, the industry teams at Greenwalt work to stay ahead of trends and changes in not just accounting but also in the industry where they work, so they know even the smallest details.

Consulting Services

When you partner with this leader among Indianapolis accounting firms, you get more than an accountant.

You get an ally and a coach who will proactively work with you each step of the way to find every possible advantage for you and your business.

This is what drives the in-depth consulting services offered by the Greenwalt team.

This team of Indianapolis CPAs will get to know you and your business to come up with innovative and specific solutions.

Some of the comprehensive consulting services offered by Greenwalt include:

  • Strategic business planning
  • Divorce planning
  • Alternative structures to minimize risks
  • Succession planning
  • Personnel training
  • Cash flow management
  • Family-owned business consulting.

Strong Company Culture

Having excellent employees is an essential part of what allows Greenwalt to be ranked as a top accountant in Indianapolis.

In the context of its employee and corporate culture, employees are encouraged to cultivate strong face-to-face relationships.

With an average staff tenure of over ten years, clients receive consistency and continuity with the accounting staff.  

This Indianapolis accounting firm is one that respects diversity and individuality among employees, yet encourages collaboration and a team spirit.

Additionally, through Greenwalt University, employees can continue to learn, grow, and develop their skills over time so they’re ahead of all the latest industry trends and best accounting practices.

Giving Back

As a pillar of the Indianapolis community, this reputable Indiana CPA firm focuses not just on clients but also the improvement of the local area.

It feels that giving back to the community that supports its work is both a duty and responsibility.

It is recognized as a United Way “Company That Cares,” and they hold semi-annual Greenwalt Community service days.

The firm also participates in the Annual Corporate Challenge, and employees are encouraged to participate on the boards of local not-for-profits.

It also has staff and partners active in the Indiana CPA Society and CPA Associates International. 

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Katz, Sapper & Miller Review

A reputable CPA in Indianapolis, Katz, Sapper & Miller maintains offices in Fort Wayne, Indianapolis, and New York.

The experience is broad at this Indianapolis accounting firm, as the team has worked with clients ranging from startups and nonprofits to multimillion dollar corporations.

Founded in 1942, Katz, Sapper & Miller has been an integral part of the community for many decades.

The Indianapolis accounting firm was launched with the philosophy that accountants should make the numbers come to life for its clients, and that principle still guides how it approaches client engagements.

Key Factors That Enabled Us to Rank This Firm as a Top 2017 Indianapolis Accounting Firm

When narrowing down the list of Indianapolis accounting firms, the following represents reasons Katz, Sapper & Miller was selected as one of the top 11 accounting firms in Indianapolis.


Katz, Sapper & Miller maintains a clearly defined set of principles and a committed corporate mission.

The principles of their mission include:

  • The cultivation of lifelong relationships
  • Integrity and honesty in everything every employee does
  • Responsiveness and accessibility as well as the provision of assistance in a timely manner
  • Quality service includes innovation, efficiency, and client satisfaction
  • Employee success means each member of the team is given encouragement, support, and opportunities to achieve growth
  • Entrepreneurial style, attitude, and approach


Katz, Sapper & Miller provides a high level of service in large part because of their professional affiliations.

These affiliates include:

KSM Charitable Foundation Services: Administrative, accounting, and tax services to grantmaking organizations.

KSM Consulting LLC: A business and technology consulting firm serving both the public sector and private organizations.

KSM Location Advisors: Delivers consulting services to clients in the site selection process.

KSM Transport Advisors LLC: Clients receive access to profit improvement and trucking consulting services within the trucking and logistics sectors of the transportation industry.

TouchPoint Recruiting Group LLC: This group helps clients find and place the right employees.

Global Presence

As one of the most respected Indianapolis CPAs, it’s important for KSM to maintain a global presence. This is why the firm is a member of the prestigious PrimeGlobal organization.

PrimeGlobal is an association of independent accounting firms, offering access to tools and resources to deliver superior services from a global perspective.

Broad Industry Expertise

Several areas are unique to the industries served by KSM. The first unique factor is that employees here have often held leadership roles within the industries served by the firm.

This gives them hands-on knowledge and expertise within key sectors. Another unique element to recognize here is that KSM offers very broad industry expertise.

Industries served by KSM, one of the top accounting firms in Indianapolis, include:

  • Alternative investments
  • Construction
  • Dealerships
  • Emerging business
  • Equipment leasing
  • Employee stock ownership plans
  • Government
  • Health care
  • High-net-worth and family services
  • Higher education
  • Hospitality
  • Insurance
  • Life sciences
  • Manufacturing and distribution
  • Not-for-profit
  • Real estate
  • Technology
  • Transportation
  • Veterinary

L.M. Henderson & Company, LLC Review

A full-service accountant in Indianapolis, L.M. Henderson & Company offers tailored, personalized services to help clients address many financial and business needs.

The firm has served the needs of diverse clients since 1948, always with the concept of delivering ongoing value through each engagement.

L.M. Henderson combines cutting-edge technology with in-depth accounting knowledge to provide innovative and sophisticated solutions.

There are four partners at LMH, and each is a member in good standing of the AICPA, ensuring they adhere to rigorous standards of excellence and ethics.

Key Factors Leading Us to Rank This Firm as a Top 2017 Indianapolis Accounting Firm

Below are key reasons LMH was selected as one of 2017’s top 11 accounting firms in Indianapolis.

Mission & Vision

Their mission statement focuses on the delivery of exceptional client service in an excellent work environment, allowing both clients and associates to thrive and achieve their goals.

Their vision statement involves the intention of LMH to be a firm that maintains a strong level of leadership and loyalty, resulting in remarkable service and firm recognition.

Individual and Business Services

LMH offers services to both individuals and businesses, which can be convenient for clients since they have the option to combine all areas and have their tax and accounting needs managed by one firm.

The services offered by L.M. Henderson & Company include:

  • Tax management
  • Assurance and advisory
  • Estate and trust planning and tax preparation
  • IRS representation
  • Entity selection and restructuring
  • Payroll services
  • Cash flow and budgeting analysis
  • Mergers, acquisitions, and sales
  • Accounting services
  • Audits, reviews, and compilation
  • Financial and retirement planning
  • Bookkeeping/Write-up
  • QuickBooks accounting help and assistance
  • Employee benefits, pension, and profit-sharing plans
  • Financial projections and forecasts
  • Debt and finance advising

Online Account Management

To improve security, convenience, and accessibility, LMH offers online client access through its Secure Client Portal.

This easy-to-use online service lets clients quickly upload and download sensitive forms in a secure environment.

All communications are encrypted using the Secure Sockets Layer (SSL), which is the same security used by banks and e-commerce services.

All files are also encrypted when they are stored on LMH servers for an added layer of protection. To preserve data, servers are equipped with mirroring technology in real-time in two distinct locations.

Financial Guides

LMH, an established and reputable Indiana CPA firm, offers many educational resources and guides for clients to help them maintain a sense of control over their accounting and finances.

With this in mind, it has put together many financial guides on relevant topics in relevant categories.

These categories include banking, business, financial, insurance, life events, and taxes, providing valuable quick-reference points for clients. 

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London Witte & Company Review

London Witte & Company is one of the leading accounting firms in Indianapolis, with a team of employees offering more than 225 years in combined experience.

The firm works primarily with owner-managed small businesses, and their process involves gathering detailed client information before creating beneficial strategies for their particular circumstances.

London Witte offers business, consulting, and personal services to a range of clients, all with distinctive needs and goals.

Key Factors That Enabled This Firm to Rank as One of the Top 2017 Indianapolis Accounting Firms

When selecting companies to include on this ranking of Indianapolis accounting firms, the following criteria were used to select London Witte & Company as one of 2017’s top accounting firms in Indianapolis.

Personal Services

What truly sets London Witte apart from other accounting firms in Indianapolis is their full offering of personal services.

Personal services provided by this cutting-edge accountant in Indianapolis include:

  • Tax planning to project liability and strategize the most valuable ways to protect assets
  • Income tax preparation to minimize taxes while remaining in line with federal and state laws
  • Estate planning to create a framework for transferring assets based on desires of the client as well as tax implications
  • Retirement planning to ensure adequate financial resources and strategies to achieve goals
  • Bookkeeping to track income and expenses and forecast for future cash needs
  • Personal financial statements to show receipts and expenditures
  • Financial planning with insight into investment options and asset allocation

Business Services

As well as delivering a full line-up of personal services, London Witte also specializes in providing value to businesses through their services.

Business services offered through this Indianapolis accounting firm include:

  • Tax planning
  • Tax returns
  • Tax representation
  • Accounting & write-ups
  • Bookkeeping
  • Compilations, reviews & audits
  • Budgets, projections & forecasts
  • New business opportunities 


All consulting services offered through London Witte are done within the framework of improving business operations through a combination of personal, professional, and customized expertise.

Consulting services available from this top Indianapolis accounting firm include:

  • Strategic planning to find strengths, weaknesses, and opportunities
  • Uncovering new ways to seamlessly implement business changes & operation 
  • Business valuations for acquisition, sales, and tax planning
  • Fraud prevention and detection
  • Employee retention with a focus on Generations X and Y
  • Succession planning to maintain continuity and future growth
  • Operational reviews giving insight on profitability and productivity
  • Consulting for the buying, selling, or merging of companies
  • Advisement on building and managing a high-performing team
  • Sales consulting
  • Litigation support
  • Recruitment  and selection of employees as well as the development of strategies to motivate current staff

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Million & Company, P.C. Review

A full-service Indianapolis accounting firm, Million & Company excels in many areas, including the provision of accounting, bookkeeping, QuickBooks, payroll, tax, and consulting services for both businesses and individuals.

Along with customized services and solutions, Million & Company prides itself on maintaining a strong reputation among Indianapolis CPAs.

This strong reputation comes as a result of the firm’s dedication to affordability, experience, and a sense of friendliness and personability.

Key Factors That Led Us to Rank This Firm as a Top 2017 Indianapolis Accounting Firm

Cited below are some of the primary reasons Million & Company was ranked as one of 2017’s top accounting firms in Indianapolis.

Fundamental Principles

Since Million & Co. is a small business, each team member understands the unique challenges and perspective of small business owners.

With that distinctive perspective in mind, Million & Company adheres to an impeccable standard of quality, cultivated through three underlying principles:


The firm brings to the table a combination of expertise, experience, and energy, along with a dedication to the delivery of personal and professional attention.


The firm relies on a dedication to providing the best advice in a way that’s timely and also being available and responsive to each client.


There are high standards in place at Million & Co., which is reflected in the service it delivers through each client engagement.

They aim to be a readily available and trusted advisor, offering insight and value-creating advice to all clients.

QuickBooks Services

QuickBooks is an essential software program for business accounting and financial management.

With that in mind, one area of service and specialization offered by Million & Company is a full array of QuickBooks services.

Clients can receive everything from employee QuickBooks training to tune-ups that can help ensure the software is running smoothly, particularly when preparing for tax time or a financial review.

Additionally, purchasing QuickBooks through these trusted advisors allows clients to save up to 30% on the newest version.

Tax Center

On the Million & Company website, users will find a comprehensive and useful Tax Center that has a wealth of information for tax time. 

Some of the tools found within the Tax Center include the ability to track your federal and state refunds, updated tax rates, and a record retention guide.

The Tax Center also includes calculators, due dates, and state tax forms for any state in the country.

It’s a fast, easy, and convenient way for clients to stay ahead of financial deadlines.

Resolving of Tax Problems

Million & Company isn’t just a general tax accountant in Indianapolis.

The firm also works with clients who may be facing very challenging and complex tax problems with the IRS. Its solutions are designed to be efficient, affordable, and discreet.

Some of the IRS problem resolution services offered by Million & Company include:

  • IRS audit representation
  • Back taxes owed
  • IRS liens
  • Non-filed tax returns
  • Payroll tax problems
  • IRS wage garnishment
  • IRS payment plans
  • Help obtaining a copy of a client’s IRS file

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Simons Bitzer Review

A quality-driven accountant in Indianapolis since 1955, Simons Bitzer offers services designed to help clients grow their business.

The focus at Simons Bitzer is on helping small and medium-sized businesses uncover the financial, tax, and accounting insights that will allow them to focus on growth.  

Key Factors Considered When Ranking This Firm as a Top 2017 Indianapolis Accounting Firm

Included in the list below are some factors that weighed into the inclusion of Simons Bitzer as one of the top accounting firms in Indianapolis for 2017.

The Process

Essential to Simons Bitzer’s success among Indianapolis CPA firms is their unique approach. This is applied to every service offered by the firm, whether developing large-scale business plans or personal tax planning.  

The approach includes four steps: Strategize, Plan, Implement, and Monitor.

The process is referred to as SPIM, and this systematic approach allows the firm to maintain the best possible results for each client engagement, in a timely way and according to plan.

The plan is also continually monitored to determine how successful each and every action is.

The Simons Bitzer Way

Along with a precisely defined approach to client engagements, this leader among Indianapolis accounting firms also has defined expectations for everyone who works there.

These expectations are called The Simons Bitzer Way, and they include the following components:

Customer Service

Internal and external customer service to deliver accurate, complete work on time. Customer service also means timely responsiveness and embracing chances to help others.


Professionalism at Simons Bitzer includes appearance, communication, manner, and a sense of calm and positivity. These components are upheld at all times, especially when facing stressful or challenging situations.

Conflict is addressed in a direct, healthy way, and everyone in the firm acts with good intentions.

Ethics & Honesty

Ethical and honest behavior, including telling the truth, even when it’s difficult.

Working Independently

Independent work means quality and excellence with minimal customer direction, creativity in uncovering insight, responsibility for developing new knowledge, and using strong judgment at all times.


Continuous improvement designed to identify and address opportunities that will allow clients to improve operations and results as well as the willingness to embrace change.

Balancing Work & Life

Work and life balance is necessary to ensure employees take responsibility for their own time and stress management.

Fraud Prevention

One of the more unique areas of service offered by Simons Bitzer is its internal audit and fraud prevention.

These services help a range of business clients minimize the risk of employee misconduct and fraud and can provide the following protections:

  • Institutional improvements
  • Financial focus
  • Reigning in risks
  • Loss limitation
  • Employee engagement

Events and Workshops

As one of the widely recognized and full-service Indianapolis CPA firms, Simons Bitzer hosts many informative events and workshops that can help professionals learn from the experience and expertise of others.

These events are usually held on a monthly basis and along with accounting and financial topics, they offer valuable insight for business owners,   entrepreneurs, and professionals seeking advice, guidance, and outside insight on a variety of subjects.

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Somerset CPAs and Advisors Review

Somerset CPAs and Advisors is a leading Indianapolis accounting firm which provides accounting, tax, and advisory services to help clients achieve their goals.

Somerset was founded in 1960, and, since that time, the firm has experienced vast growth.

Over the years, this Indianapolis accounting firm has maintained a solid reputation for personalized services, trust, and transparency.  

Along with excellence in the quality of services, this accounting firm remains an active part of the Indianapolis community, partnering with charitable community organizations.

Key Factors That Led to Our Ranking of This Firm as a Top 2017 Indianapolis Accounting Firm

This list below includes key reasons Somerset was selected as one of the top Indianapolis accounting firms.

Industry Expertise

To deliver the best accounting and CPA service, Somerset works with clients in particular sectors.

Employees and associates of this Indiana CPA firm have a great deal of experience in the industry they work, and, in addition to this experience, they also receive formal industry-specific training.

Industries served by Somerset include:

  • Agribusiness
  • Architecture and engineering
  • Construction
  • Dealerships
  • Dental
  • Entrepreneurial
  • Healthcare
  • Manufacturing & distribution
  • Not-for-profit
  • Real estate
  • Restaurant, bar & brewery

Technology Services

Along with traditional accounting service, Somerset offers technology solutions, which, according to its philosophy, should be a core component of any successful business.

Somerset associates and advisors work with clients to find the right information systems to increase efficiency and productivity while reducing costs and managing risk.

Somerset employs a team of expert technology consultants that work with clients every step of the way to ensure they find the customized solutions to meet their needs.

Services range from helping clients select the right accounting software systems to strategic planning and project management.

BDO Alliance

BDO Alliance USA is one of the largest accounting industry associations of independent firms, with more than 400 members.

The Alliance is represented in almost every state, and while member firms remain completely autonomous, membership in this prestigious group ensures clients receive many benefits.

BDO membership means Somerset can provide access to national and international resources and opportunities, and BDO is also the 5th largest accounting and consulting network in the world.


As well as traditional accounting services, Somerset is one of the Indianapolis accounting firms that offers consulting.

This ensures that clients receive a full range of services to address all financial and accounting needs at one location.  

All consulting services are targeted toward helping businesses grow and succeed through the improvement of performance and profitability.

Consulting services include growth strategies, strategic planning, operating budget, cash flow projections, key metrics, ratios, and risk management. 

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Sponsel CPA Group Review

Sponsel CPA Group maintains offices in Indianapolis and Bloomington. This top Indiana CPA firm comprises business advisors, financial planners, CPAs, forensic accountants, bookkeepers, HR professionals, and IT team members.

The Sponsel CPA Group also includes five partners, bringing distinct viewpoints, backgrounds, and a shared focus on employee satisfaction and value of services.

The Indianapolis Business Journal ranks the Sponsel CPA Group as one of the top 25 Indianapolis accounting firms.

Key Factors That Led to Our Ranking of This Firm as a Top 2017 Indianapolis Accounting Firm

The list below showcases some of the factors leading to the inclusion of the Sponsel CPA Group on this list of accounting firms in Indianapolis.


Sponsel has been the recipient of many recognitions and honors over the year, and individual partner and employees have also been recognized for their excellence in the accounting industry.

Recent recognitions include:

  • Managing Partner Tom Sponsel was selected for the Professional Advisor Leadership Council of the Central Indiana Community Foundation.
  • In 2013, Inside Public Accounting recognized Sponsel CPA Group as an IPA All-Star Firm and the number one Business Valuation Firm in growth among firms under $5 million.
  • In 2013, Sponsel CPA Group received the highest rating from the Indiana CPA Society peer review program
  • Lisa Purichia, Partner and Director of Entrepreneurial Services & Employee Benefit Services, was published in Indiana Minority Business Magazine


Recognized as a premier and experienced full-service Indianapolis CPA firm, Sponsel CPA Group offers customized, relationship-driven services for individuals, businesses, and organizations of all scopes:

  • Entrepreneurial services
  • Outsourcing
  • Tax services
  • Audit and assurance
  • Forensic accounting
  • Financial analysis
  • Valuation and litigation
  • Succession planning
  • Mergers and acquisitions
  • Employee benefit plan services
  • Wealth management
  • Family office services
  • Technology services

Dynamic Solutions

The Sponsel CPA Group doesn’t view its services and provisions as only being about the numbers.

Instead, the goal is to deliver services that are innovative and dynamic. Its solutions are also based on insight, are customized, and are driven by relationships.

The purpose of every solution and financial service offered by this leading Indianapolis CPA firm is to help entrepreneurs become more successful while spending minimal time or effort on their accounting.

These Indianapolis CPAs become trusted advisors, tackling financial issues and allowing entrepreneurs to focus on their business. 

Community Involvement

Along with always operating with a passion for their clients and their goals, Sponsel is unique because of its dedication to its local community.

Partners and employees dedicate significant amounts of time to charitable and community-based organizations to strengthen the Indianapolis area.

Some of the community organizations that Sponsel works with are:

  • United Way
  • Mother Theodore Catholic Academies
  • Indiana CPA Society
  • Indiana State University Networks Financial Institute Mentorships
  • Arsenal Tech High School Mentoring
  • Charles A. Tindley Accelerated School

Conclusion—Top 11 Accounting Firms in Indianapolis, Indiana

Businesses and individuals tend to look for firms that have deep roots in understanding complex, difficult accounting issues. Accounting firms should also be guided by specific principles and a strong determination to help clients succeed.

These elements define each of the Indianapolis accounting firms included in this ranking. Each firm focuses on different industries and has a one-of-a-kind approach to client relationships.

Despite their differences, there are common components within the top Indianapolis accounting firms, including a dedication to continual excellence.

Many of the above Indianapolis accounting firms are also respected pillars of the community, bringing excellent reputations, a desire to give back, and the motivation to be involved in the neighborhoods surrounding them.

Finally, these Indianapolis accounting firms keep a strong commitment to professional development and excellence, allowing them to remain the best at what they do throughout the years. 

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