Filter Results
Faribault
Filter Results
Faribault
Showing 21 to 23 of 23 CPAs in Faribault, Minnesota
EC
Eric C. Craig
Certified Public Accountant
Verified Licensed
Location Faribault, Minnesota 55021
Located in Faribault, Minnesota, Eric C. Craig is a seasoned public accountant providing a range of financial services. With over 18 years of experience in tax and accounting, he offers expertise in financial planning, business tax services, and basic accounting for individuals, families, and entrepreneurs. Eric's services include comprehensive retirement account tax reporting and IRS representation, ensuring accurate and compliant financial management.
KR
Kim R. Schmidt
Certified Public Accountant
Verified Licensed
Location Faribault, Minnesota 55021
Kim R. Schmidt is a Certified Public Accountant (CPA) based in Faribault, Minnesota. With over 15 years of experience in public accounting, Schmidt provides expert bookkeeping and financial statement compilation services to individuals and families, as well as small and medium-sized businesses. Her specialization in tax compliance and individual tax services allows her to address a range of clients' financial needs, from basic accounting services to complex tax planning.
TA
Thomas A. Hanson
Certified Public Accountant
Verified Licensed
Location Faribault, Minnesota 55021
Based in Faribault, Minnesota, Thomas A. Hanson provides accounting services to small and medium-sized businesses, including various business structures such as S-Corps, partnerships, and LLCs. With over a decade of experience in finance and accounting, Hanson specializes in basic accounting services, financial planning, and individual tax services, helping clients navigate complex tax regulations and financial decisions. Notably, Hanson also provides sales tax compliance and retirement account tax reporting services, ensuring clients are in compliance with state and federal regulations.

Minnesota's robust CPA market serves a diverse economy with numerous Fortune 500 headquarters and strong financial services sector. The Minnesota State Board of Accountancy requires 150 semester hours for licensure. CPAs must complete 120 hours of continuing professional education every three years, including 8 hours of ethics and minimum technical hour requirements.

Key Tax Considerations: Minnesota has graduated individual income tax up to 9.85% (among the highest in the nation) and a flat 9.8% corporate rate. CPAs commonly handle complex state tax compliance, sales tax, and estate tax (Minnesota is one of few states with its own). The high tax rates create strong demand for tax planning and residency strategies, particularly for snowbirds. Cross-border issues with Wisconsin and North Dakota are common for businesses and individuals.

Industry Specializations: Healthcare systems and medical devices, financial services and insurance, food processing and agriculture, retail headquarters, technology, manufacturing, and professional services are primary focus areas. Minneapolis-St. Paul CPAs often serve Fortune 500 corporate headquarters, while Greater Minnesota focuses on agriculture, healthcare, and regional businesses.

For CPA Professionals: The Minnesota Society of CPAs provides excellent resources and networking. The Twin Cities dominate the market with sophisticated corporate and high-net-worth client base, creating strong competition but abundant opportunities. Rochester (Mayo Clinic), Duluth, St. Cloud, and Mankato offer secondary markets with lower cost of living. The state provides strong quality of life, excellent education, and diverse practice opportunities, though high taxes and cold winters are considerations for practitioners and clients alike.