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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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:
  • 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 Consolidated Appropriations Act, 2021, which was signed into law on December 27, 2020, directs the Department of the Treasury to deliver additional Economic Impact Payments (known more popularly as “stimulus payments”) to U.S. citizens and residents. These payments are generally $600 for singles and $1,200 for married couples filing a joint return. In addition, […]


The Consolidated Appropriations Act, 2021, signed into law on December 27, 2020, specifies that business expenses paid with forgiven PPP loans are tax-deductible. This supersedes previous IRS guidance which stated that these expenses could not be deducted. The Appropriations Act clarifies that “no deduction shall be denied, no tax attribute shall be reduced, and no […]


Part of the Consolidated Appropriations Act, 2021, signed into law on December 27, 2020, authorizes another round of Paycheck Protection Program (PPP) loans for small businesses. This new round of PPP loans, being called “PPP2” by some, is similar to the first round of PPP loans that were authorized early in 2020, but there are […]