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Time is Money in Business

Time is money in business, and many small businesses really need more of both! Accounting is a necessary requirement for any size business, However, if it is improperly managed, it can easily spell disaster for your business. There are certain processes, that when put together, can form the foundation on which you can build a successful … Read More

What should be in your Shoe Box!

What you should have in your Shoe Box! Use this handy checklist to help ensure your tax preparer will have all the documents needed to complete your tax return accurately and quickly. Personal Data Social Security Numbers (including spouse and children) Child care provider tax I.D. or Social Security Number and Address Income Data W-2 … Read More

Why Entrepeneurs should hire an Accountant

According to a recent survey, the owners of startup businesses are more likely than the owners of established businesses to enlist mentors or coaches. On the other hand, established business owners were more likely to rely on the services of accountants, bankers, and lawyers as opposed to their younger counterparts. Considering the number of new … Read More

EFFECTIVE JANUARY 1, 2014/RESTAURANTS

The IRS has implemented a ruling for automatic gratuities, or service charges that are automatically added on the bill as “regular wages” rather than “tips. see links http://www.irs.gov/irb/2012-26_IRB/ar07.html http://www.irs.gov/irb/2012-52_IRB/ar20.html http://www.dol.gov/whd/regs/compliance/whdfs15.htm

Many Tax Provisions Set To Expire at Year End

Small Business Expensing: Sec. 179 Expense Sec. 179 allows businesses to write off some or all of the acquisition costs of qualifying properties, as opposed to depreciating them over the life of the asset. The annual limitation was $500,000 in 2011 but dropped to $125,000 in 2012. It was expected to drop to $25,000 in … Read More

Accounting methods for small businesses

Accounting methods can be complex and burdensome for many small business taxpayers. Check out this link for help in simplifying yours. http://www.aicpa.org/publications/taxadviser/2013/june/pages/clinic-story-11.html.aspx  

Tax Tips for Small Business Owners

Owning a small business can be confusing when it comes to taxes. Check out this article with tax tips from the American Institute of CPA’s. http://www.aicpa.org/press/pressreleases/2012/pages/tax-tips-for-small-business-owners.aspx

Should I Incorporate My Business?

This is a question many people ask of their business accounting firms. There are both advantages and drawbacks in incorporating your business. Before deciding to incorporate, you should seek legal and tax advice.


 

more than an accounting firm featuring top minneapolis accountants

We are Proud to Be Your Minneapolis Accountants

W.A. Campion Co., P.C. is more than the typical accounting firm. While we do provide traditional tax preparation and accounting services in Minneapolis, we also offer other business advisory and financial services to our clients helping them with the financial decisions crucial to the success of their businesses.

Testimonials

Liman Post & Beam’s owner, Leo Kill’s relationship with W.A. Campion started 29 years ago with founder, Joe Campion. Liman Post & Beam is a custom build construction company with a lumberyard serving residential, commercial and agriculture customers across the upper Midwest. “The business keeps me and the guys busy full time estimating and building. W.A. Campion does all of our business accounting, including payroll and bill pay making sure that expenses are assigned to the right job.” Mr. Kill says. “Bill Campion is my financial advisor as well. If I do something financial I run it by him. Bill definitely keeps me out of trouble.”
Zirc Company, Linda Robasse, VP Finance, says, “W.A. Campion takes care of all of our accounting and financial needs – payroll, corporate and personal taxes, financial statements, and even estate planning. They consult with us on our overall business as well. Bill and his team are straight-forward yet easy-to-work with which helps me concentrate on managing the Zirc Company’s finances.” Zirc is a manufacturer and distributor of dental products located in Buffalo Minnesota and has worked with W.A. Campion for 19 years.
Cliff Lake, Principal of a local music retailer has known Bill Campion for over 20 years and has employed him as his C.P.A. for the past 12 years. “As a retailer, I require a monthly review of financials to include P&L statements, and balance sheets, plus I have Campion file the monthly payroll taxes. Operating a retail business keeps me busy and there is no one on staff to handle the financials, which Campion does at a reasonable cost. Campion and his entire staff are very responsive. They get back to me same day, and often within the hour,” Lake said.