Tax and Accounting

Bookkeeping Services in Minneapolis

Here at Passageway Financial, we provide bookkeeping services, tax reduction planning, business tax preparation, and CFO level guidance to small businesses. As a small to midsized business owner, you’re busy making strategic decisions, managing employees, and leading your company’s growth. With our impactful accounting advisory services, we are here to support you and your business. With all that’s on your plate, you want to ensure your business’s accounting needs are fully addressed with the focus, expertise and resources they require, so you can turn your focus to other priorities.

  • We’ll care for the financial end of your business, so you can focus on running daily operations and bringing in revenue.
  • Accountants may offer a package rate for weekly, monthly or annual services to reward ongoing customers.
  • Before entrusting someone with your private financial and personal information, do some research on their qualifications.
  • Paul and Southeastern Minnesota with exceptional accounting and payroll services.
  • Bookkeeping does not begin and end with a balanced checkbook and an Accounts Receivable report.

When you’re choosing a bookkeeping service, we’d advice you to consider 6 things so that you end up with a truly better outcome. Online Bookkeeping services are popping up everywhere and there are many different small business bookkeeping softwares like Quickbooks Online, Xero, Wave, Freshbooks, Sage for Contractors, Bench Bookkeeping and Zipbooks. If you have found yourself struggling with accounting software, we can help with your system setup and training. We have extensive knowledge in QuickBooks and have QuickBooks Pro Advisors on staff to make your job easier.

How Our Minneapolis-based Outsourced Accounting and Bookkeeping Services Work

Investment Advisory Services offered through Boulay Financial Advisors, LLC a SEC Registered Investment Advisor. Certain Third Party Money Management offered through Valmark Advisers, Inc. a SEC Registered Investment Advisor. Member FINRA, SIPC Boulay PLLP and Boulay Financial Advisors, LLC are separate entities from Valmark Securities, Inc. and Valmark Advisers, Inc. Diversity sparks evolution and teamwork unites us, our customers, and the communities we serve.

Everyone on the Corneliuson team (owners, accountant, payroll administrators, and receptionists) have delivered exceptional service. We do the work and ensure that you are able to access an accurate financial dashboard of your company’s performance enabling your best decision making and our best advice. View or download your financial data and bookkeeping records at any time with our online client portal.

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Many firms can operate remotely or virtually, and others that typically operate face-to-face may be changing their procedures to keep up with social distancing guidelines. As a small business owner you’ve learned to wear many hats, but you’re not an accountant. Instead of trying to manage your books yourself, leave your accounting to an experienced Minneapolis, MN CPA firm like Scott Reid CPAs. We’ll care for the financial end of your business, so you can focus on running daily operations and bringing in revenue. Our consistent communications, strategic big-picture thinking, and experience serving thousands of businesses in the greater St. Cloud and Minneapolis communities make us different than other accounting firms. Bookkeeping does not begin and end with a balanced checkbook and an Accounts Receivable report.

  • We can maintain your books for you, so you can get back to running your business and generating profits.
  • Accountants are financial professionals who have received an accounting degree from a four-year university or college.
  • Our bookkeepers keep a close eye on your financial statements, ratios, and the overall health of your business from a managerial and decision making point-of-view.
  • Check out the average hourly rate for accounting services in your region.
  • As a small business owner you’ve learned to wear many hats, but you’re not an accountant.
  • Accountants do not automatically have a Certified Public Accountant (CPA) designation unless they have passed the Uniform CPA Examination and received the proper license.
  • For a fixed monthly fee, our accounting and consulting programs deliver value to our clients with integrated services that yield financial insights to help clients make better business decisions.

We don’t just keep your books up to date, we use bookkeeping as the foundation for operational and financial excellence. Do not pay sales tax or use tax when you purchase prewritten computer software to resell to clients. Instead, give your supplier a completed Form ST3, Certificate of Exemption. Forensic accountants investigate financial crimes involving fraud, embezzlement and other issues.

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When your bookkeeping service is integrated with your tax strategy & business tax preparation service, you’re going to get better advice and service. Your bookkeeping will get done promptly, accurately, and will be part of an overarching strategy to help your business thrive. The best bookkeeping service Minneapolis will not only help you with Quickbooks or Xero bookkeeping, but they will guide your business to make better decisions, scale your business and nevery overpay in taxes.

  • Then provide them with all the documentation they require, including W-2s, 1099s and more.
  • Accountants’ rates vary based on their education, licenses, experience, and the work for which they are being hired.
  • Contact local CPAs or tax professionals to see if they can offer their services without in-person contact.
  • They have a more thorough understanding of tax code than an individual operating solely with a PTIN or an Annual Filing Season Program participant who provides their services on a volunteer basis.
  • The skilled professionals at EXP Financial in Minneapolis offer a variety of bookkeeping and accounting services to suit your business needs.
  • With over 30 years in the business, we can confidently tell you that there are no small businesses that don’t benefit from working with a professional small business accounting firm.
  • Always ask to review the paperwork before it is submitted, and never sign a blank tax return.

Meaningful, well-organized financial records are the foundation of a successful operation. See more reviews, compare prices, and hire your favorite pros all with Thumbtack. You can also ask an accountant to provide proof of their license and credentials. We are always available to communicate with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are included in our fee, so please call us whenever you have a question or concern. Balance sheets, along with income statements, are the most basic form of  financial reporting used to send to potential lenders such as banks, investors, and vendors.