At Froehling Anderson, we prefer to take a proactive versus reactive approach to our tax services. By keeping current on new tax laws and legislation, we put you in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide both our individual and business clients with taxation expertise and knowledge they deserve throughout the year.

Our Minneapolis Tax Compliance Services include:

Life and business transition can affect your tax obligations. Understanding your business and goals is the first step we take in tax planning. Proactive tax planning with your goals in mind can provide significant tax savings. Froehling Anderson’s fundamental strength is tax knowledge and assistance and unforeseen tax circumstances need objective and knowledgeable answers that we can provide.

From a basic individual tax return to a complex tax preparation, Froehling Anderson has the knowledge to help manage all aspects of federal and state tax compliance. From local tax obligations, to multi-state taxation issues to understanding sales tax, our tax expertise can make sure you aren’t paying more taxes than required.

2017 Tax Pocket Guide – Froehling Anderson

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From a basic individual tax return to a complex tax preparation, Froehling Anderson has the knowledge to help manage all aspects of federal and state tax compliance. From local tax obligations, to multi-state taxation issues to understanding sales tax, our tax expertise can make sure you aren’t paying more taxes than required.

Did you know that many taxpayers overpay sales tax, especially manufacturers? Companies inadvertently overpay because of conservative vendor payment policies or other management oversights. Let our Minnesota Sales and Use Tax Services analyze your sales tax history, possibly finding significant overpayment and a refund that’s worth your time and investment.

Our Minneapolis Tax Consulting Services include:

The work doesn’t end once the merger or acquisition is announced. Froehling Anderson is experienced in both the technical tax matters to maximize transaction value and the identification of soft issues such as cultural fit, key employee matters, sales mix and other financial synergies to ensure the proper corporate match. Many of our team members have been in private industry and negotiated and executed successful M&A transactions and can help you:

  • Conduct formal projections
  • Perform due diligence engagements
  • Advise you on financing options

Froehling Anderson’s mergers and acquisitions services will provide you with quick turnaround on the numbers. We aren’t afraid to advise you when the transaction doesn’t look like a good fit. Whatever you decide, we will support you through the process and assist with post-transactional issues.

The R&D tax credit is a dollar for dollar tax savings benefit for companies that create things or improve processes though innovation; the credit is meant to stimulate economic growth.

Companies that make new products, or improvements to the process by which their products are made, are good candidates for the R&D Tax Credit. There is no need for a product to be new to the world; it need only be new to the company making it. Manufacturers, architects, and software programmers are great candidates, especially companies with contract work. R&D activities must rely on principles of science, technology or engineering while a product or service is being designed.

Froehling Anderson’s Minneapolis R&D Tax Services can help you with your R&D credit.

We have saved some of our clients thousands of dollars in this area. Read about how we found significant credits for these clients.

Find out more about the Froehling Anderson’s R&D Tax Credit Services below.

Watch as Jeff Holmberg, CPA describes the R&D Process

Are you a commercial property (office, retail, warehouse) owner with a construction cost or purchase price of $1 million or more? Our Minneapolis Cost Segregation Study will help to determine if you are eligible for accelerated depreciation. To qualify, the property must be:

  • New construction
  • Remodel/rehabilitation performed after 1986
  • Existing facility purchased after 1986
  • Leasehold with significant improvements

Read about how one of our clients improved cash flow from income tax savings by the thousands by having Froehling Anderson as their cost segregation advisor.

Imagine maximizing the value of all you’ve worked for in your life and career. Froehling Anderson’s Minneapolis estate and trust services are designed to minimize tax exposure long before you decide to retire or leave a legacy. Our services can help you to:

  • Minimize both Federal and Minnesota estate taxes
  • Capitalize on tax efficiency when you decide to pass on your family business to the next generation
  • Reduce the impact on your business for estate tax with funding options
  • Provide a business partner who will help with follow-up and see that the plan is implemented
  • Leverage our firm history and intimate knowledge of your business to help facilitate business succession
  • Help educate and work with the next generation on planning for succession
  • Work closely with your attorney

Froehling Anderson Ltd. has performed services and has extensive experience in administrating corporate trusts and acting as trustees according to state law and exercising fiduciary responsibility of loyalty, impartiality and skill in preserving the trust property. Froehling Anderson has been a trustee with fiduciary responsibilities in a variety of trustee roles including:

  • Revocable Trusts
  • Irrevocable Trusts
  • Corporate Trusts
  • Life Insurance Trusts
  • Operational Trusts
  • Asset Protection Trusts

Froehling Anderson excels in these roles in large part due to our extensive experience as absentee CFO and Controllers. Members of our leadership that have been CFOs in both public and private companies. In these roles, we understand the importance of making strategic business decisions to achieve corporate financial goals.

Rather than expecting your firm to fit our idea of the best corporate structure, Froehling Anderson will offer you the pros and cons of each option and help you make an informed decision about your new venture. We have assisted in the formation of LLCs, S and C Corporations, tenant in common and other partnerships. Our Minneapolis Entity Formation Services will help you in the process of:

  • Determining the right structure
  • Projections and business plans
  • Financing options
  • Valuation and ownership stakes

Are you sourcing or expanding on an international scale? Froehling Anderson can point you to the right resource for filing and compliance. We are affiliated with several partners who deal specifically with international tax structure as well as tax planning or conflict resolution that will help you avoid common pitfalls and minimize tax impact.

Our Minneapolis Tax Controversy Services include:

Are you faced with an IRS audit or other conflict with the IRS? Froehling Anderson can provide you with Minneapolis Tax Controversy Services. Our recommendations will help you resolve your tax controversy like filing back taxes or foreign bank account reporting requirements as quickly and cost-effectively as possible. Our firm can act on your behalf to assess the situation, coordinate the necessary paperwork and negotiate an appropriate solution so you are able to focus on life and work.