Whatever the growth phase, size, or complexity of your organization, Torkelson CPAs Tax Consultant are available to consult with you on all your business management needs.

Your business may be growing quickly or you may be just starting up. Your company may be organizationally complex, or family-owned. We will tailor our roles to meet your business objectives. We will call you back. We will roll up our sleeves and work closely with you when you’re building, managing, or selling your business. And we provide the accounting information and advice you need to make informed, strategic decisions for your established business.

Our CPA professionals help you manage risk and advise you on tax-saving strategies, business management improvements, and entity selection and implementation. You will get local, personalized, responsive service by dedicated professionals from a local office, while benefiting from the expertise and resources of a firmly established accounting firm in your community.

We have the tax preparer expertise to provide proper management planning and tax consultation in the following areas:

By maintaining good, careful cash management you can improve your company’s liquidity, reduce costs, and increase profitability. Torkelson & Associates CPAs, LLP can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly.

To a business entity, cash flow is something that can make or break the business’ ability to survive. We can help you analyze your spending, rebalance your budget and/or debts for an optimal cash flow to support your business’ success. With our help and guidance, you will always be on top of your finances and your business will be ready for the future.

Whether your needs are corporate or personal, Torkelson & Associates CPAs, LLP’s professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments and/or reduce the total amount of interest paid. Re-balancing your debts can also result in tax deduction savings. Even if you are able to handle the payments and the amounts of your current debts, our expertise may be able to save you money and/or lower your payments.

Choosing and administering benefit plans for your employees is often a complex process.

Torkelson & Associates CPAs, LLP can help you develop, implement, and administer your benefit, retirement, and profit-sharing plans with an eye toward rewarding your employees and reaching your company’s financial and business goals. We can also help maximize tax advantages in implementing these plans.

As your business grows, your business and your employees will be rewarded for the hard work that contributed to the success of your business.

When you are ready to purchase an existing business or you’re thinking about a new company you’d like to start, you first have to decide which type of organization (or “business entity”) is the right one for your business. There are advantages and disadvantages to each business type, whether you’re considering a C corporation, an S corporation, or an LLC.

At Torkelson & Associates CPAs, LLP our accountants will consult with you on which type of business is most beneficial to your particular situation before you make a final decision. Your business entity has a large impact on your taxes and other liabilities. From your company’s inception through its growth and development, Torkelson & Associates can advise you on choosing an entity type and later restructuring if doing so presents an advantageous situation.

No one can predict the future perfectly, but we can all benefit from planning for its possibilities. Torkelson & Associates CPAs, LLP combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company’s success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detailed financial models.

The road to retirement is a long one and we can help you to take the proper steps to reach your goals. Ever-changing economic concerns, coupled with a heightened desire to find safe alternate retirement savings avenues are driving all of us to make more thoughtful decisions in the management of our individual portfolios. We partner with your financial advisor to plan for your retirement through budgeting, tax planning and social security planning.

At Torkelson & Associates CPAs, LLP we are passionate about building long-term relationships with our clients and developing actionable strategies for their business. Our clients trust in our ability to help them manage growth and focus on future goals. We are here to serve your business, its owners, and its executive team.