accounting

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.

GOVERNMENT NOTICES & Audit SUPPORT

We understand that government notices can be confusing and hard to grasp. Audits can be just has stressful. Excel Accounting & Consulting can step in to assist, bring understanding and respond accordingly.

Notice versus Audit

Notices - these are to simply let you know the Internal Revenue Service or your State Agency has made an adjustment to the tax return based on information they had on file that differs from what was submitted to them. You should review the notice and if you have questions or believe there could be a mistake, we are here to assist.

Audits - when you receive an audit, you will be given specific information you will need to gather, the years you are being audited for and the agency that is auditing you. We are always more than happy to assist in any audit situations whether its preparing the documentations, letters, abating penalties and interest or assisting you before the agent.

BOOKKEEPING

With over 20 years of bookkeeping experience, training, knowledge and QuickBooks ProAdvisor Certification, Excel Accounting & Consulting can assist your business with your bookkeeping QuickBook needs. Our experts can take the burden and frustration of bookkeeping off your shoulders.

Should you not have the time or maybe you simply want to focus on where you time matters most, we will take your bank statements, credit card statements and other financial documents and enter them into your preferred bookkeeping software or ours.

This service can be done on monthly, quarterly, semi-annual or annual basis. We let you decided and can accommodate you as needed.

Tax preparation & Planning

Tax preparation is a large portion of Excel Accountings workload. We focus on providing Individual Tax Services which include: Federal, State and Property Tax Returns.
Business Tax Services including: S-Corporation, C-Corporation, Partnership, Sole-Proprietorship and Single-Member LLC returns. Returns would included Federal and State if required.

We assist clients in getting caught up in their filing of missed tax years and also amending returns when necessary.

BUSINESS CONSULTING

Excel Accounting & Consulting can help get your new company off to the right start and/or keep your established company moving forward in an effective direction.

Our consulting services offer a wide variety of business opportunities:

Business startup, planning, retirement plan options* (working along side a financial planner), maximizing your efficiency in the work place, potential office reorganization, debt consolidation and more.

*Excel Accounting is not a financial planning institution, nor do we promote or advertise to be financial planners. We go within our scope of tax practice and beyond that we consult financial planners.

payroll, sales tax & MN Care Tax

Payroll - We can assist your company in processing payroll, filing your monthly payroll liabilities, processing and filing your quarterly payroll reports and setting up payroll when you get that first employee.

Sales Tax - Don’t be caught not collecting and paying your fair share. Let us help you know if you should be collecting and paying sales tax. We can help you get your MN tax id number and we can file your sales tax reports whether it be monthly, quarterly or annually.

MN Care Tax - If you are in the medical field, you may owe MN Care Tax. Please let us help you decipher if this tax applies to you and if so, we will help you obtain a MN tax id number and we can file the estimated payments quarterly on your behalf and the annual return.