Stephen A. Reed Named IBCC "Entrepreneur of the Year"

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Our Story

Thomas & Reed, LLC is an Indianapolis, Indiana based firm, founded in 2004. Stephen A. Reed, CPA, MBA is the President/CEO and one of the firms’ founding members. Our team of experts has hundreds-of-years of combined experience successfully providing services in the public and private sectors in the areas of accounting, auditing, controllership, tax preparation and advice, staffing, consulting, construction accounting, and project management support. Our value-added approach stresses long-term customer relationships, a quick response to rapidly changing environments, and on-time/on-budget delivery of services. We are dedicated to quality and committed to excellence which has earned us a reputation for excellent customer satisfaction while contributing to their success.

In 2019, we acquired Blue River Medicar, a non-emergency medical transportation company, and a small construction company allowing us to expand our capabilities to include logistics, call center, Medicaid and Medicare billing, IT services, and concrete services.

Our Services

T&R CPA Services

Our staff is ready to assist you with all CPA services, including:

  • Accounting and Controllership
  • Auditing, Audit Rediness, & Compliance Reviews
  • Tax Preparation & Advisement Services
  • Staffing and Temporary Help
  • Payroll Services
  • Wealth Management & Advisement
  • Administrative Management & General Management Consulting Services

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Government

Our firm’s vast experience working with state & local government agencies includes supporting their efforts with their funding federal government agencies as demonstrated by our:
  • Capability Statement
  • Applicable NAICS Codes
  • Contracting Vehicles & Certifications
  • Client List
  • Past Performance Experiences

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T&R Logistics & Technology

We offer professional services for transportation and logistics solutions, including:
  • Non-Emergency Medical Transportation
  • Call Center & Answering Services
  • Billing, Medicaid/Medicare Billing
  • IT Services

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Latest News

The Internal Revenue Service have issued guidance for workers eligible to claim the deduction for tips and for overtime compensation for tax year 2025. Specifically, the IRS clarified for workers how to determine the amount of their deduction without receiving a separate accounting from their employer for cash tips or qualified overtime on information returns […]

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The Internal Revenue Service has announced that the amount that individuals can contribute to their 401(k) plans, 403(b) plans, governmental 457 plans, and the federal government’s Thrift Savings Plan plans in 2026 has increased to $24,500, up from $23,500 for 2025. The limit on annual contributions to an IRA is increased to $7,500 from $7,000. […]

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Recent legislation retroactively reinstated the reporting threshold in effect prior to the passage of the American Rescue Plan Act of 2021 (ARPA) so that third party settlement organizations are not required to file Forms 1099-K unless the gross amount of reportable payment transactions to a payee exceeds $20,000 and the number of transactions exceeds 200. […]

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