Minnesota · MN

Find CPAs & accounting professionals in Minneapolis

Minneapolis CPAs serve Fortune 500 headquarters, medical devices, agribusiness, and finance.

Minneapolis directory

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Local hiring guide

Common CPA services in Minneapolis

The work Minneapolis residents and small businesses most often hire a CPA to handle.

  • Annual business and individual tax preparation
  • Tax planning and quarterly estimates
  • Bookkeeping and monthly close
  • Entity selection and formation (LLC, S-corp, C-corp)
  • Payroll setup and filings
  • IRS notice response and audit representation
  • Financial statement preparation (compilation / review)

Average CPA pricing

What CPAs typically cost in Minneapolis

Typical fee ranges across common engagement types. Final pricing depends on complexity, deadlines, and any cleanup work required.

Individual return

W-2 households, equity comp, multi-state professionals

$350 – $1,000

Small business return

Medical-device suppliers, food brands, professional S-corps

$1,200 – $4,000

Monthly bookkeeping + tax

Healthcare, food, and retail brands

$800 – $3,000 / mo

Fractional CFO

Medical-device and food-CPG scaleups

$3,000 – $9,000 / mo

Illustrative ranges only — request quotes from listed CPAs for exact pricing.

Local business requirements

What Minneapolis businesses need to file and renew

State and local filings most often missed by out-of-state or newly formed businesses.

Minnesota PTE tax

Optional entity-level tax for partnerships and S-corps at 9.85%, with owners receiving a refundable credit — preserves the federal SALT-cap workaround.

Minneapolis minimum wage

Minneapolis sets its own minimum wage ($15.57/hr large employers, indexed annually) and paid sick & safe time ordinance — payroll providers must track separately.

Minnesota sales tax

6.875% state + 0.5% Hennepin County transit + 0.5% Minneapolis local + 3% Minneapolis entertainment/lodging = up to ~10.875% combined.

Industries

Small-business industries shaping Minneapolis

The local economy your Minneapolis CPA should already know how to serve.

Medical devices (Medtronic ecosystem)

Fortune 500 HQs (Target, Best Buy, 3M, UnitedHealth)

Agribusiness & food

Financial services

Retail & advertising

Decision guide

When to hire a CPA vs. a bookkeeper

A bookkeeper records the past. A CPA shapes the future — taxes, structure, strategy.

Hire a bookkeeper when…

  • You need day-to-day transaction categorization and bank reconciliations
  • You want monthly financials but no tax filings or planning
  • Revenue is under ~$500K and your structure is simple (sole prop / single-member LLC)
  • You already have a CPA for taxes and just need clean books

Hire a CPA when…

  • You're filing business taxes (S-corp, C-corp, partnership)
  • You need tax planning, entity restructuring, or multi-state filings
  • You received an IRS or state tax notice or are facing an audit
  • You're raising capital, selling a business, or doing equity comp planning
  • Your books are a mess and you need cleanup plus a long-term advisor

Before you sign

Questions to ask any Minneapolis CPA before hiring

Use this checklist on your first call. Strong CPAs welcome these questions.

  1. Are you a licensed CPA in this state? What's your license number?
  2. What industries do you specialize in, and how many clients like me do you serve?
  3. Who actually does the work — you, a staff accountant, or an offshore team?
  4. How do you bill — hourly, fixed-fee, or monthly retainer? What's typical for my size?
  5. What software do you use (QuickBooks, Xero, NetSuite), and do I get access to my files?
  6. How do you handle IRS notices or audits if they come up later?
  7. What's your response-time expectation during and outside of tax season?
  8. Can you provide references from clients in my industry?

Stay compliant

Tax deadlines and Minnesota notes

Federal deadlines plus the state and local filings that catch most filers off guard.

Apr 15

Minnesota individual income tax due — graduated to 9.85% top rate.

Apr 15

Minnesota corporate franchise tax due — 9.8% (one of the highest in the country).

Mar 15

Minnesota PTE election filed with the entity return (Form M3 / M8).

May 15

Hennepin County personal property tax statements due.

Jan 31

W-2s and 1099-NEC due to recipients and the IRS.

Mar 15

S-corp (1120-S) and partnership (1065) returns or 6-month extension.

Apr 15

Individual (1040) and C-corp (1120) returns; Q1 estimated taxes due.

Jun 16

Q2 estimated taxes due.

Sep 15

Q3 estimates; extended S-corp and partnership returns due.

Oct 15

Extended individual and C-corp returns due.

Informational only — not tax advice. Confirm current deadlines with your CPA or the relevant authority.

Nearby

Nearby cities to Minneapolis

Major metros our directory also serves.

FAQ

Frequently asked questions about CPAs in Minneapolis

How much does a CPA cost in Minneapolis?

Minneapolis CPAs typically charge $225–$475/hour, individual returns $350–$1,000, and small-business returns $1,200–$4,000. Medical-device, food-CPG, and equity-comp specialists charge a premium for ASC 606, ASC 842, and RSU planning.

How does Minnesota tax stock options and RSUs?

Minnesota sources equity compensation based on workdays in Minnesota between grant and vest. Employees who moved during the vesting period owe a partial-year apportionment — a Minneapolis CPA familiar with M1NR and the Schedule M1NR calculation is essential for clean filings.

What's the Minneapolis paid sick & safe time ordinance?

Minneapolis (and St. Paul) require 1 hour of paid sick & safe time per 30 hours worked, capped at 48 hours/year accrual and 80 hours total carryover. Payroll providers must track separately even for remote employees who occasionally work in the city.

Compare your options

Hiring a verified Minneapolis CPA vs. DIY

FactorVerified Minneapolis CPADIY / generalist
Local tax knowledgeMinneapolis state + local filingsFederal only
Audit defenseRepresents you to the IRSYou handle correspondence
Year-round planning
Typical fee$200–$3,500 / engagement$0 software + your hours
Specialty matchIndustry-experiencedGeneral-purpose

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2026 CPA Pricing Guide

Real fee benchmarks for tax prep, bookkeeping, payroll, and advisory — by service and business type.

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