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Looking for a Small Business Accountant Minneapolis, Minnesota (MN) - Save $10k to $250k This Year!

Our world class tax planning and accounting services are unmatched in the industry, saving you now and looking ahead for a bright future.
Serving clients in the greater Minneapolis area’s 429,954 residents and 97,579 businesses spanning Linden Hills, Whittier, and Powderhorn, and beyond for all of your Minneapolis small business accounting needs.
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Case Study

How We Helped a Couple Save $160,000 in Taxes After a Big Whoopsie!

Does this sound like your
current tax situation?

I'm so TIRED of seeing all this money going to the IRS!!
But I see how "the rich" are protecting their assets.
tax-situation
My accountant says "it's just how it is."
AND I KNOW there's something better we can be doing!

We’re the Minneapolis Small Business Accountant
for You, If You Want…

Tax Savings Icon
More Tax Savings
We’ll ensure you are saving as much as you possibly can on taxes. Never wonder again if you’re leaving money on the table.
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Extended Guidance
Our tax planning services are extraordinary because we are here to guide you and help you manage your money so that it works hard for you.
Legacy
A Tax-Free Legacy
Our estate and trust tax services ensure the legacy you leave behind is as free as possible from the government eating up 40% of your estate.
«Our tax planning services go far beyond what most Minneapolis small business accountants offer ensuring your money is working hard for you now and for generations.»
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Trusted by Minneapolis Business Owners



“They were quick to get back to us and set up an in person appointment to discuss final taxes on an estate. The office was professional and in a great easy to get location.”

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Doddie Dunbar



“We have had our taxes done here for many years. They have always been professional and provided excellent customer service.”

Rhiannon O'Brien



“Tim is wonderful. Easy to work with and very thorough, saving me money on my business taxes. I wouldn't use anyone else.”

Tessie Adams

CPAs Who Go Beyond Tax Planning

Established in 1964 in Portland’s Hollywood district, this firm already offered extraordinary tax planning services. Since then, I have evolved our company beyond the typical Minneapolis accounting firm to include estate planning and wealth advisory because I wanted to take care of my family’s legacy wealth and help others do the same.

That’s why I show up for my clients, not just from January through April, but ALL year long. I’ve seen the disaster that is created as a result of poor tax planning. And I want better for you and your family.

I enjoy connecting with my clients to understand what’s most important to them so I can help them make their dreams a reality, in this life and for the legacy they leave behind.

On behalf of my family and our amazing team at Downing & Co, I look forward to working with you so you can save in taxes today and ensure your legacy for the future.

Tim Downing
Tim Downing Signature
Tim Downing, CPA, Oregon | Downing & Co. Managing Principal

Proactive & Holistic
Tax Planning Services

Action Plan Icon
Customized Action Plan
We’ll take you through our proprietary client interview process to review your unique situation in detail and come up with a customized action plan that ensures your money is working for you and your family now and in the future.
Minimal Tax Liability
Minimal Tax Liability
Our tax planning solutions ensure your tax liability is as low as possible so you don’t have to worry if you left money on the table. You’ll be able to keep more of your hard earned money.
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Long Term Strategy
Our relationship goes beyond taxes. We have 70+ professionals as part of our holistic family office services to help you manage your wealth long term and create a legacy.

Your World-Class Minneapolis
CPA Firm

24 hours

Response Within 24 Hours

10x

3-10x ROI

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No Surprises Guarantee

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Proactive CPAs

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Holistic Strategy

Friendly Advisors

Friendly Advisors

Secure Client Portal

Secure Client Portal

4 Reasons to Work With Us for Your Minneapolis Accounting Needs

1

Results Icon

Results-Focused

Your results are our success; that’s why it’s our number one priority. We design our work to generate at least a 3x ROI, and in most cases, we hit 10x. You can count on us to work hard for you and your money.

2

Innovative

Proactive Advisors

Most accountants wait for you to come to them when you need something. Instead, we will proactively guide you to ensure your net worth is protected today and in the future for your family.

3

Holistic

Work Holistically

Our comprehensive range of small business accounting services ensures you get convenient access to all the experts you need, including tax planning, risk mitigation, wealth management, legal services, and business advisory.We’ll start your journey through our proprietary client interview process to review your unique situation and develop actionable recommendations that meet or exceed your tax, bookkeeping, or estate planning needs quickly and convenien

4

Care

CPAs Who Care

We’ve replaced stale formalities and technical jargon with down-to-earth, conversational relations. Our clients become friends. Many of our friends (clients) work with us for decades and become family. Our close friendly relationship is what we love most about our work.

Your Comprehensive
Tax Planning Services

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Tax Accountant for Businesses

✓  Minimize Tax Liability

✓  Tax Preparation and Filing

✓  State and Federal Payroll Tax

✓  Financial Statements (P&L, Balance Sheets, etc.)

✓  Mergers and Acquisitions

✓  Entity Selection and Structure

✓  Financial Planning

✓  Audits, Reviews & Compilation

✓  Litigation Support

✓  Forensic Accounting

✓  International Taxation

Tax Planning Services

✓  Keep More of Your Money

✓  Take Every Tax Credit and Deduction You Deserve

✓  Set Up a Recordkeeping System

✓  Year Long Tax Planning Strategies to Reduce Taxes

✓  Paycheck Withholding Guidance

✓  Deferred Tax Liability Direction

✓  Pension Plans and Retirement Contributions

✓  Tax-Exempt Income Advice for Investments

✓  Exit & Capital Gains

✓  Retirement Planning

Estate and Trust Tax Services

✓  Estate planning and Trust Tax Guidance

✓  Ensure Your Future Financial Goals Are Met

✓  Allocated Assets

✓  Gift Tax Returns and Strategies

✓  Business Succession Planning

✓  Trust Income Tax Returns

✓  Estate Tax Returns

Vector

Tax Relief

✓  Audit Representation

✓  Non-Filed Tax Returns

✓  Back Taxes Owed

✓  Payroll Tax Problems

✓  IRS Representation

✓  IRS Liens

✓  IRS Levies

✓  IRS Payment Plan

✓  Offer in Compromise

✓  Innocent Spouse Relief

Meet Your CPA-Led Advisory Team for Clients in Minneapolis

Tim Downing, CPA

Tim Downing, CPA, Oregon

Managing Principal
Jeannie Ryall, EA

Jeannie Ryall, EA

Tax Manager
Dachelle Hattan

Dachelle Hattan

Tax Accountant
Lee Schwartz

Lee Schwartz

Advanced Planning Team Lead
Shirley McArthur

Shirley McArthur

Office Manager

Book a Free
Consultation

We’ll start your journey through our proprietary client interview process to review your unique situation and develop actionable recommendations that meet or exceed your tax, bookkeeping, estate, or wealth planning needs quickly and conveniently.

Switching CPA Firms is Easier Than You Think

Switching from your current Minneapolis tax accountant seems like a major pain in the butt…
But in reality, all it requires is a brief email with your current accountant/bookkeeper:
“It’s time for a new direction. Please send my books over to Downing & Company, LLC. Thank you for your services.”
Your accountant is professionally mandated to provide your books to whomever you request they go to. It’s really that easy.

We'll Integrate with Your Accounting Software

Yes, We Offer Small Business Accounting in Minneapolis, Minnesota

Saint Paul, MN
Bloomington, MN
Edina, MN
Minnetonka, MN
Eden Prairie, MN
Maple Grove, MN
Brooklyn Park, MN
Richfield, MN
Burnsville, MN
Eagan, MN
Plymouth, MN
Hopkins, MN
Golden Valley, MN
Roseville, MN
Saint Louis Park, MN
Inver Grove Heights, MN
Fridley, MN
Crystal, MN
New Hope, MN
Robbinsdale, MN
Columbia Heights, MN
Shoreview, MN
Apple Valley, MN
Woodbury, MN
Coon Rapids, MN
Savage, MN
White Bear Lake, MN
Champlin, MN
Maplewood, MN
Lakeville, MN

Multnomah
Washington
Clackamas
Columbia
Yamhill
Marion
Polk
Tillamook
Hood River
Clatsop
Lincoln
Linn
Benton
Wasco
Jefferson
Lane
Skamania (WA)
Klickitat (WA)
Cowlitz (WA)
Clark (WA)
Pacific (WA)
Wahkiakum (WA)
Sherman
Morrow
Gilliam
Crook
Deschutes
King (WA)
Pierce (WA)
Thurston (WA)

Minneapolis Small Business Accountants is near The Armory which is close to Linden Hills, North Loop, Loring Park, and Downtown West. Minneapolis Institute of Art, U.S. Bank Stadium, and Target Field are also nearby.

FAQs

How much does hiring an accountant in Minneapolis cost for a small business?
In Minneapolis, hiring an accountant for a small business typically costs between $150 and $350 per hour, depending on their experience and services. Monthly bookkeeping packages may range from $300 to $1,200, while tax preparation fees can cost anywhere from $500 to $2,000 annually.
Is having an accountant worth it?
Yes, having an accountant is usually worth it for small businesses. They help with tax savings, compliance, accurate financial tracking, and business growth strategies. The time and money saved—along with reduced risk of errors or penalties—often outweigh the cost of professional accounting services.
How much does a small company accountant charge?
A small company accountant may charge between $150 and $400 per hour, or offer flat monthly rates ranging from $300 to $1,500 depending on workload and service complexity. Factors like industry, location, and the accountant’s expertise can influence the final pricing structure.
What is the difference between an accountant and a CPA?
An accountant can handle bookkeeping and basic financial tasks, but a CPA (Certified Public Accountant) has passed a rigorous exam, met licensing requirements, and can represent clients before the IRS. CPAs offer deeper expertise, especially in tax planning, audits, and financial strategy.

1 Fun And 1 Interesting Fact About Minneapolis!

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Minneapolis, MN is home to the first fully enclosed, climate-controlled shopping mall in the United States—Southdale Center, which opened in 1956 in nearby Edina. This revolutionary retail concept set the stage for the modern mall experience, influencing shopping centers around the world. In addition to its retail innovation, Minneapolis boasts more than 20 lakes within city limits, giving it the nickname “City of Lakes.” These bodies of water are not just scenic—they are deeply woven into the city’s culture, offering year-round recreation from kayaking and paddleboarding in the summer to ice skating in the winter. Minneapolis also has an extensive park system connected by over 100 miles of biking and walking trails, making it one of the most bike-friendly cities in the country.

Minneapolis Small Business Accounting Resources

Oregon Society of CPAs

 
10206 SW Laurel St
Beaverton, OR 97005

 
(503) 641-7200

Oregon Association of Tax Consultants

3075 S.E. Century Blvd.
Suite 110
Hillsboro, OR 97123

(503) 726-0100

Portland Accounting Office

 
1120 SW 5th Ave #1250
Portland, OR 97204

 
(503) 823-5288

What is the Minnesota Association of Public Accountants?
The Minnesota Association of Public Accountants (MAPA) is a nonprofit professional organization that supports independent accounting practitioners across Minnesota. It offers education, advocacy, and community for accountants, tax professionals, and small firm owners. MAPA focuses on helping its members stay current with tax laws, regulations, and best practices through continuing professional education (CPE) courses, seminars, and conferences.
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What is the Minnesota Board of Accountancy?

The Minnesota Board of Accountancy is the state regulatory agency responsible for overseeing the practice of public accountancy in Minnesota. Its primary role is to protect the public by ensuring that individuals and firms offering accounting services meet established professional and ethical standards.

The Board handles the licensing and renewal of Certified Public Accountants (CPAs), CPA firms, and Registered Accounting Practitioners. It also enforces compliance with state laws and rules governing the profession, investigates complaints, and disciplines licensees when necessary. Additionally, the Board approves continuing professional education (CPE) requirements to ensure that licensed professionals remain up-to-date on current practices.

Minneapolis, MN Local Resources

Small Business Accountant Minneapolis

Minneapolis Regional Chamber

 
81 S 9th St Suite 200
Minneapolis, MN 55402

(612) 370-9100

Minneapolis Finance and Property Services Department

250 S 4th St
Minneapolis, MN 55415

(612) 673-2079

Minneapolis IRS Taxpayer Assistance Center

1550 American Blvd E
Bloomington, MN 55425

 
(844) 545-5640

Minneapolis Police Department

350 Fifth St
S., Room 130
Minneapolis, MN 55415

(612) 673-3000

City of Minneapolis

350 S 5th St
Minneapolis, MN 55415

 
(612) 673-3000

Top Companies in Minneapolis, MN

Target Corporation

1000 Nicollet Mall
Minneapolis, MN 55403

(612) 304-6073

U.S. Bancorp

800 Nicollet Mall
Minneapolis, MN 55402

(612) 659-2000

Xcel Energy

414 Nicollet Mall
Minneapolis, MN 55401

(612) 330-5500

Ameriprise Financial

707 2nd Avenue South
Minneapolis, MN 55402

(612) 671-3131

Thrivent

625 4th Avenue S
Minneapolis, MN 55415

(800) 847-4836

Graco Inc

88 11th Avenue Northeast
Minneapolis, MN 55413

(612) 623-6000

More About Small Business Accounting in Minneapolis, Minnesota

Minneapolis is the largest city in Minnesota, with a population of around 425,000 and over 3.6 million in the greater Twin Cities metro area. It’s a diverse and vibrant community, where about 60% of residents identify as White, 19% as Black or African American, 10% as Hispanic or Latino, and 6% as Asian. The city is known for its progressive values, active lifestyle, and strong arts and music scene—most famously as the hometown of Prince.

Minneapolis offers a high quality of life with abundant parks, over 20 lakes, and extensive bike trails, making it one of the most bike-friendly cities in the U.S. Residents enjoy a mix of urban energy and natural beauty, along with a strong sense of civic engagement. The city also has a large population of young professionals and students, driven by nearby universities, including the University of Minnesota. Despite cold winters, the community is warm, welcoming, and socially active, often gathering around local coffee shops, live music venues, and cultural events. Minneapolis continues to grow as a dynamic, inclusive city known for innovation, resilience, and a deep-rooted commitment to social justice and equity.

Small business accounting in Minneapolis, MN is a vital service for entrepreneurs seeking financial clarity, tax compliance, and growth support. The city’s diverse economy—ranging from tech startups to creative agencies and health services—creates demand for flexible, industry-specific accounting solutions. Many local firms offer bookkeeping, payroll, tax planning, and advisory services tailored to small businesses.

With Minnesota’s evolving tax laws and business regulations, professional accounting helps reduce errors, maximize deductions, and ensure accurate financial reporting. Accountants in Minneapolis often offer affordable packages and cloud-based tools like QuickBooks and Xero, making it easy for business owners to stay organized and make data-driven decisions. Whether you’re launching a startup in North Loop or running a family business in Uptown, having a trusted accountant can save time, reduce risk, and support long-term success.

Downing & Co works with businesses and high-networth individuals to minimize their taxes and grow their bottom line, while building and preserving their legacy. Offering tax planning, accounting services, estate planning, and wealth management services to clients in the greater Minneapolis area, we work holistically and proactively for you. Our clients love our quick response time, fixed fees, friendly advisors, and our creative, results-focused approach.

Your Next Steps

Book a Free Consult
We’ll start your journey through our proprietary client interview process to review your unique situation and develop actionable recommendations that meet or exceed your tax, bookkeeping, or estate planning needs quickly and conveniently.
Read the Case Study
See how we helped a couple save $160,000 in taxes after a big whoopsie!

Small Business Accounting in Your Area & Beyond

Small Business Accountant Portland
Serving Portland-area business owners by scheduled consultation

5933 NE Win Sivers Dr
Portland, OR 97220

Map for Scheduled Consultations

(503) 445-3578

Small Business Accountant Honolulu
Serving Honolulu-area business owners by scheduled consultation

(808) 466-1313

Small Business Accountant Salt Lake City
Serving Salt Lake City-area business owners by scheduled consultation

(385) 519-0666

Small Business Accountant Seattle
Serving Seattle-area business owners by scheduled consultation

(206) 203-0555

Small Business Accountant Spokane
Serving Spokane-area business owners by scheduled consultation

(509) 255-7466

Small Business Accountant Bend
Serving Bend-area business owners by scheduled consultation

(541) 797-2695

Small Business Accountant Billings
Serving Billings-area business owners by scheduled consultation

(406) 606-4949

Small Business Accountant Bozeman
Serving Bozeman-area business owners by scheduled consultation

(406) 602-0666

Small Business Accountant Coeur d’Alene
Serving Coeur d’Alene-area business owners by scheduled consultation

(208) 500-5255

Small Business Accountant Eugene
Serving Eugene-area business owners by scheduled consultation

(541) 214-2232

Small Business Accountant Indianapolis
Serving Indianapolis-area business owners by scheduled consultation

(317) 793-2323

Small Business Accountant Longview-Kelso
Serving Longview-Kelso-area business owners by scheduled consultation

(360) 998-8484

Small Business Accountant Madison
Serving Madison-area business owners by scheduled consultation

(608) 292-4004

Small Business Accountant Maui
Serving Maui-area business owners by scheduled consultation

(808) 727-1818

Small Business Accountant Minneapolis
Serving Minneapolis-area business owners by scheduled consultation

(651) 677-3030

Small Business Accountant Olympia-Lacey-Tumwater
Serving Olympia-Lacey-Tumwater-area business owners by scheduled consultation

(360) 515-4411

Small Business Accountant St. Louis
Serving St. Louis-area business owners by scheduled consultation

(314) 309-3330

Small Business Accountant Tri-Cities
Serving Tri-Cities-area business owners by scheduled consultation

(509) 231-8040

Small Business Accountant Wenatchee MSA
Serving Wenatchee MSA-area business owners by scheduled consultation

(509) 300-5533

Small Business Accountant Wichita
Serving Wichita-area business owners by scheduled consultation

(316) 330-0077

Fixed Fee

No Surprises
Guarantee

We believe in full transparency and respect, which is why we offer a fixed fee for our accounting and estate planning services.
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Your Proactive & Holistic Small Business Accountant

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We’re Proud Members of

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Available to US-based business owners through scheduled consultations and secure online collaboration. Services are subject to applicable state rules and engagement acceptance.