We help our clients accounting needs by assisting them with preparing or maintaining the following:

• Financial Statements: Preparing and understanding by teaching and explaining what the significance of the numbers mean. We prepare financial statements based on your request and with the year end tax returns.

• Fixed Asset Management: We will maintain a schedule of your fixed assets, both present and past, which are vital to your company.

• Loan/Lease Maintenance: We can help you decipher if you have a loan or a lease prior to purchasing an asset and also maintaining this accurately in your companies books.

• Depreciation/Amortization Schedules: Based on your assets, we will accurately depreciate and record these figures and help you better understand a potential gain/loss on sale of an asset.

• Chart of Accounts: For all new clients, we will review your chart of accounts to make sure they are correct and help you simplify the look of the accounts. Overwhelming accounts make for daunting financials.

With over 20 years of bookkeeping experience, extensive training, and QuickBooks ProAdvisor Certification, Excel Accounting & Consulting is equipped to handle all your bookkeeping and QuickBooks needs. Our experts can relieve you of the burden and frustration that often comes with managing your business's books.

Whether you lack the time or prefer to focus on other priorities, we will handle your bank statements, credit card statements, and other financial documents, entering them into your preferred bookkeeping software—or ours.

This service is available on a monthly, quarterly, semi-annual, or annual basis, depending on your needs. We offer flexible options to accommodate your unique needs.

Excel Accounting & Consulting can help launch your new company on the right path or ensure your established business continues to move forward effectively.

Our consulting services cover a wide range of business opportunities, including:

• Business startups and planning

• Retirement plan options* (in collaboration with a financial planner)

• Workplace efficiency optimization

• Office reorganization

• Debt consolidation, and more

*Please note: Excel Accounting is not a financial planning institution, nor do we claim to be financial planners. We operate within the scope of tax practices and consult with financial planners as needed.

Chartered Retirement Planning Counselor® (CRPC®)

Retirement planning is more than simply saving enough money—it’s about creating a clear strategy for how your income, taxes, retirement accounts, Social Security, and business interests work together.

As a Chartered Retirement Planning Counselor® (CRPC®), we help clients develop practical retirement strategies designed around their individual goals and financial circumstances.

Our retirement planning services may include:

• Retirement income and cash-flow planning

• Social Security timing considerations

• Retirement plan and contribution strategies

• Traditional IRA, Roth IRA, 401(k), and rollover considerations

• Tax-efficient retirement planning

• Business-owner retirement planning

• Legacy and beneficiary planning considerations

• Coordination with your financial, investment, and legal professionals

Our goal is to help you understand your options, identify potential tax and planning opportunities, and enter retirement with a clear, coordinated strategy.

We can do this service stand alone or with your fall tax planning service.

Government notices and audits can often be confusing and stressful. Excel Accounting & Consulting is here to help you understand and respond appropriately to both situations.

Notice vs. Audit

Notices – These are issued when the IRS or your state agency adjusts your tax return based on information they have that differs from what was submitted. You should review the notice carefully, and if you have questions or believe there’s been an error, we are here to assist.

Audits – If you receive an audit, you will be informed of the specific documents you need to gather, the years being audited, and the agency conducting the audit. We are always available to assist with audits, whether it’s preparing documentation, drafting letters, requesting abatement of penalties and interest, or representing you before the agent

Tax preparation is a primary focus of Excel Accounting. We specialize in providing comprehensive tax services for both individuals and businesses.

Individual Tax Services include:

• Federal, State, and Property Tax Returns

Business Tax Services include:

• S-Corporation, C-Corporation, Partnership, Sole Proprietorship, and Single-Member LLC returns, covering both Federal and State filings as required.

We also assist clients in catching up on missed tax filings and amending returns when necessary.

Tax Advising and Tax Planning are just as essential as preparing and filing your tax returns. While both aim to reduce taxable income and maximize savings through strategies like credits and deductions, Advising takes a deeper approach. It collaborates with financial and wealth advisors to evaluate current and future savings opportunities, making it especially valuable during life changes like business growth, new family additions, or inheritance. Think of it as putting your money to work for your future.

Sales Tax – Ensure you're compliant with sales tax regulations by collecting and paying your fair share. We can help determine if you're required to collect and remit sales tax. If needed, we’ll assist in obtaining your MN tax ID number and file your sales tax reports—whether monthly, quarterly, or annually.

MN Care Tax – If you work in the medical field, you may be subject to MN Care Tax. Let us help you determine if this tax applies to you. If it does, we’ll assist in obtaining your MN tax ID number, file your quarterly estimated payments, and handle your annual return.

Let us guide you or your family through understanding how estates and trusts may impact your financial situation. Not only can we assist in preparing the necessary tax returns, but we also provide valuable knowledge and support. Through our network of trusted associates, including wealth advisors and legal professionals, we can help create the essential documents to protect your assets now and for future generations.