Kenneth A Thomas CPA

  • Trusted

  • Professional

  • Smart

  • Available

  • Kenneth A Thomas CPA

Our services include the following:

Tax Planning
From a basic individual tax return to complex business tax planning and preparation, our strength is tax knowledge and assistance. We are here for you to help with IRS representation, life and business transitions that affect your tax obligations, investment and estate consulting and any unforeseen tax circumstances that require objective and knowledgeable answers.

Tax Controversy
When faced with an audit or conflict with the IRS or Minnesota Department of Revenue. We can help you resolve your controversy quickly and with cost effectiveness.

Entity Formation
If you are thinking of starting a new business venture we will give you the pros and cons of each option and help you make a decision that is best for your new business venture. We have assisted in the formation of LLC’s, S & C Corporations, sole proprietorship and tax compliance and planning bookkeeping services. Our services will help you in determining the right structure, business plans, projections and financing options available.

Tax Compliance

Estate and Trust
The services we will provide you for your estate and trust needs can help:

  • Minimize your Federal and Minnesota estate taxes
  • Capitalize on tax efficiency when you pass on your estate
  • Reduce the tax impact on your estate
  • Utilize our knowledge of your business to help with business succession
  • Educate and work with the next generation on planning for succession
  • Closely work with your attorney and financial provider

Sales and Use Tax and Minnesota Care Tax
Help you with understanding the law, to eliminate tax computation errors. We are versed in interstate sales tax issues.

Entrepreneurial Services

  • Bookkeeping and Accounting
  • Succession and Transition Planning
  • Budget, projection, and forecast preparation and analysis
  • New business startups strategic business planning
  • Budgeting and cash management assistance
  • Comprehensive accounting and tax services for family business entities
  • Complications of financial statements
  • Management reporting design and implementation
  • Compensation consulting, including deferred compensation and benefits
  • Attendance at board and/or advisory board meetings

Accounting Services

  • Financial projections and forecast
  • Budget preparation and analysis
  • Payroll and accounting services
  • Examination engagements
  • Outsourcing

Tax Services

  • Preparation of tax returns
  • Income tax planning
  • Tax law compliance
  • Entity structure analysis
  • Representation at tax examinations
  • Tax analysis of proposed business transactions
  • Estate tax planning
  • Trust and gift planning
  • Sales and use tax
  • Care tax