What’s Better Than Just a Minneapolis Estate Planning Attorney?

CPAs Who Can Save You Up to 39.9% of Your Entire Net Worth

We marry our CPA firm in Minneapolis with estate planning attorneys to ensure a simple transition for your family and a legacy of wealth.

Serving 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.

Avoid Giving 40% of Your Net Worth to the Government

We get it…

It may not feel comfortable to talk about things that could go wrong in our lives. And since it’s “not important today,” it’s easy to push it off. But poor/no estate planning could cost your family up to 40% in taxes when your wealth transfers to them after you pass on.

Our CPA firm works with Minneapolis estate planning attorneys to help you plan for:

Death
Divorce
Retirement
Partnership Dissolvement
Special Needs

That’s why we specialize in estate planning, wealth transfer advisory and tax planning, helping you and your family to retain the maximum amount of your net worth.

We’re the Perfect Estate Planning Financial Advisors
for You, If You…

Need a Plan

If you don’t have an estate plan (or your plan is outdated), 40% of your money/assets will likely end up in the government’s hands.

Want Peace of Mind

You want to know that your assets, business, and family will be taken care of if anything should happen to you.

Aspire to Leave a Legacy

You want to preserve your assets and set things up for your heirs so everything you’ve worked for is sustained for generations.

«For a small investment today in estate planning services, we could save you up to 39.9% in tax liability when your assets transfer to your loved ones, ensuring an abundant future for your family and giving you peace of mind and a legacy-driven purpose today.»

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.”

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 With a Passion for Estate 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.

Over the years, clients have passed away and I’ve seen the disaster it creates for those who don’t have a plan in place. I truly want better for you and your family.

I know what good estate planning looks like for a bereaved family. It takes unnecessary stress off their plate and leaves them in a very good situation for decades.

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, CPA, Oregon | Downing & Co. Managing Principal

Our 5 Phases of
Proactive Planning

Proprietary Client Interview

Customized Proactive Action Plan

Wide Access to Experts

Implementation

Regular
Check Ins

Your Comprehensive
Estate Planning Services

Meet Your Minneapolis CPA Team

Tim Downing, CPA, Oregon

Managing Principal

Jeannie Ryall, EA

Tax Manager

Dachelle Hattan

Tax Accountant

Lee Schwartz

Advanced Planning Team Lead

Shirley McArthur

Office Manager

4 Reasons to Work With Our Minneapolis Estate Planning

1 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 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 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.

4 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.

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.

Fixed Fee

No Surprises
Guarantee

We believe in full transparency and respect, which is why we offer a fixed fee for our accounting and bookkeeping services.

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!

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

Institute of Management Accountants

ima.pdx@gmail.com

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.

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 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.