CPA, Tax and Accounting Services in Edina, Minnesota
Located in Edina and serving Minneapolis and the Twin Cities.
Rapacki + Co. is dedicated to being your trusted resource for Big Picture tax planning and accounting services. We provide tax preparation, bookkeeping, QuickBooks training, small-business consulting, and assistance with IRS tax matters. Through our partnership with 360 Financial, clients can also access professional guidance related to investing, insurance, and retirement planning.
Our Big Picture approach is designed to make managing your financial life simpler, more organized, and less stressful. We continually strengthen our services and resources to better support each client’s immediate needs and long-term goals. From tax planning and business accounting to retirement and financial strategy, we help you understand your options and plan confidently.
Rapacki + Co. is a member of the AICPA’s Private Companies Practice Section, reflecting our commitment to professional standards and quality control. Our work is regularly reviewed by experienced accounting professionals, reinforcing the trust our clients place in us. We measure our value not by time spent processing returns, but by our positive impact on your finances and peace of mind.
Tax Preparation and Compliance
Rapacki + Co. prepares accurate federal and state tax returns for individuals, families and businesses. We carefully review each client’s financial situation, identify applicable deductions and credits, and help ensure that filing requirements are completed correctly and on time. When tax questions arise throughout the year, our team is available to provide clear, responsive guidance.
Proactive Tax Planning
Effective tax planning takes place throughout the year—not just before a return is due. We work with clients to anticipate tax obligations, evaluate opportunities and make informed decisions before deadlines arrive. Our proactive approach can help individuals and business owners manage taxable income, plan major financial decisions and avoid unexpected tax consequences.
Small-Business Accounting
Rapacki + Co. provides small-business accounting services designed to give owners a clearer understanding of their finances. We assist with bookkeeping, financial statements, payroll accounting and ongoing financial organization, helping clients monitor cash flow, evaluate performance and make sound business decisions.
New Business Formation and Entity Selection
Choosing the appropriate business structure can affect taxation, liability, administration, and future growth. We help entrepreneurs evaluate entity options, establish reliable accounting practices, and understand the financial responsibilities associated with starting a business in Minnesota.
QuickBooks Setup and Training
Properly configured accounting software can save time and provide more reliable financial information. We help businesses set up QuickBooks, organize accounts, and develop practical bookkeeping procedures. Personalized training helps owners and employees use the system correctly and maintain more accurate records.
IRS Tax Issues and Representation
Receiving a notice from the IRS or Minnesota Department of Revenue can be stressful and confusing. We help clients understand tax notices, gather the required documentation, and determine the appropriate response. Our team works to resolve tax problems efficiently while keeping clients informed throughout the process.
Small Business Solutions
Today is the best preparation for what tomorrow may bring.
Whether you are starting a business or have an established business, Rapacki + Co. has the knowledge and resources to help you create or improve a successful enterprise.
We’ll help you make decisions important for a sound business strategy. Your strategy might include:
● Entity selection and support in starting a new business.
● QuickBooks setup and training.
● Accounting for businesses. This includes bookkeeping, assistance with payroll, payroll taxes, and support in preparing financial statements.
● Comprehensive tax services. We’ll make sure you take advantage of all of the deductions to minimize your taxes.
● Retirement plan selection.
Every penny counts when you’re building a business on your own or even if you have a team of employees. You need to know what your expenses are, including what’s going out, what’s coming in, and what you should prepare for in the future. That’s a lot of work for a business owner to take on by themselves, and in most cases, an in-house accountant isn’t fiscally feasible.
Ensure you get the accounting assistance you need by working with our firm. Rapacki + Co. can handle the numbers, so you can get back to focusing on providing your customers with the best products and services you have to offer.
Retirement and Long-Term Tax Strategy
Retirement decisions can create significant short- and long-term tax consequences.
Retirement requires careful planning, a clear understanding of your options, and a strategy that balances current needs with long-term goals. Rapacki + Co. helps individuals and small-business owners evaluate retirement contributions, plan future distributions, and make informed decisions with greater confidence.
Retirement decisions can create significant short- and long-term tax consequences. We help clients understand the tax implications of individual retirement accounts, employer-sponsored plans, and business retirement plans. Thoughtful planning can help clients manage taxable income, avoid unexpected consequences, and preserve more of their retirement savings.
Our Big Picture approach connects retirement planning with each client’s overall tax and financial situation. Whether you are building savings, approaching retirement, or managing retirement income, we provide personalized guidance. When you need additional investment or financial-planning expertise, we coordinate with qualified professionals to support your broader strategy.
