Minneapolis Wealth Management is No Longer Exclusive to Billionaires

Most Minneapolis wealth management focuses solely on brokerage, but completely misses at least 29 other areas. Our comprehensive family office services give you convenient access to 70+ professionals usually only afforded by billionaires.

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.

Case Study

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

Break Into the Top 2%

According to a recent Spectrum study, 78% of high-networth clients expect “wealth transfer advice” and “trust services” from their advisors, but only 2% receive it.

Making Billionaire Family Office Services Attainable for Everyone

To grow and retain your wealth today and for generations to come, you’ll need a team of experts comprised of attorneys, accountants, financial advisors, risk mitigation specialists, and business advisors.

The full-time in-house employment of all of these professionals for wealth management is known as a “family office,” and it’s usually reserved for billionaires because hiring all of these services individually could break your bank.

Plus, do you have the time and know-how to assemble this team?

That’s why we’ve done it for you!

Our Wealth Management
Solutions Are for You if You Want…

Your Wealth to Be Protected

We go beyond expectations, helping you structure and preserve your wealth in this lifetime and beyond.

Access to a Team of Professionals

Our family office services give you convenient access to all the accountants, lawyers, and advisors you need.

To Ward Off Issues Before They Happen

With our proactive and holistic guidance, we’ll plan ahead so you and your family always end up on top.

«We’ve assembled 70+ professionals in our family office so you have all the wealth guidance and support you need to ensure your legacy wealth is secured for you and your family.»

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 Family Office Services

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

We’re Not Your Average Minneapolis Wealth Management Firm. Here’s What You’ll Get When You Hire Us…

Close to 0% Tax Liability

Our family office wealth management services will ensure your tax payments are as close to $0 as possible, so you can keep more of what you worked so hard for.

Up to 10x ROI

Your results are our success, so we design our wealth management solutions to generate at least a 3x return on investment, and in most cases, we hit a 10x ROI.

Streamlined & Convenient

Our comprehensive team of 70+ experts provide a holistic strategy that includes: legal services, wealth management, tax planning, risk mitigation, and business advisory.

Our 5 Phases of
Proactive Planning

Proprietary Client Interview

Customized Proactive Action Plan

Wide Access to Experts

Implementation

Regular
Check Ins

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

Your Comprehensive Family Office
Wealth Management Services

Personal Planning Focus

Financial Planning

✓ Investments
✓ Retirement
✓ Social Security
✓ College Expenses
✓ Safe Money Options

Advanced Planning

✓ Personal Tax Reduction
✓ Asset Protection Planning
✓ Wealth Transfer Advisory
✓ Tax Advantaged Wealth

Legacy Planning

✓ Trust Planning
✓ Estate Planning
✓ Charitable Planning

Insurance/Risk Management

✓ Risk Management
✓ Life Insurance
✓ Personal Health Insurance
✓ Long Term Care
✓ Disability Insurance

Business Planning Focus

Business Strategy

✓ Business Direction/Vision
✓ Business Growth
✓ Leadership Skills
✓ Culture & Accountability
✓ Succession Planning

Business Finance/Costs

✓ Financing Options
✓ Reducing Operational Costs
✓ Business Tax Strategies

Business Protection/Risk Management

✓ Buy-Sell Agreements
✓ Key Man Coverage
✓ Property & Casualty Insurance

Employee Benefits

✓ Reducing Health Costs
✓ Employee Retention
✓ Employee Retirement Plans

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 family office and wealth management services. That way, there are never any surprises!

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.