We offer a broad range of tax preparation and accounting services for business owners, executives and independent professionals. We're experienced in all matters of accounting and taxation, IRS issues, estates and trusts, business formation, financial planning and investment, real estate and business sales. Our longevity in the Twin Cities area, high standards and responsive personalized service are our difference.
Services
Individual taxpayers can be confident in our ability to prepare your taxes to limit your tax liability and get them filed on time.
Once you are a client of Thomas Lewis and Associates, we'll keep you up to date with the ever-changing tax laws and how they affect you and your money.
We believe nobody needs to pay more than legally obligated.
We often save our clients more than their fees for our services.
Once you are a client of Thomas Lewis and Associates, we'll keep you up to date with the ever-changing tax laws and how they affect you and your money.
We believe nobody needs to pay more than legally obligated.
We often save our clients more than their fees for our services.
We have been serving as independent CPAs for businesses and individual tax payers in the Twin Cities area since 1973.
Our goal is not to be the biggest firm, but to serve a few clients better than anyone else.
Thomas Lewis is President and majority shareholder.
He has been a CPA since 1971, has a Bachelors Degree with a major in accounting and a Masters Degree in taxation.
He does all planning and review of audits, business taxation and handles Internal Revenue Service matters.
Patrick Lewis is CFO and minority shareholder.
Our goal is not to be the biggest firm, but to serve a few clients better than anyone else.
Thomas Lewis is President and majority shareholder.
He has been a CPA since 1971, has a Bachelors Degree with a major in accounting and a Masters Degree in taxation.
He does all planning and review of audits, business taxation and handles Internal Revenue Service matters.
Patrick Lewis is CFO and minority shareholder.
Preparing your own income tax return can be a task that leaves you with more questions than answers.
According to a study released by the US Government's General Accounting Office, most taxpayers believe they benefit from using a professional tax preparer.
Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing.
It is just too easy to overlook deductions and credits to which you are entitled.
Even if you use off the shelf software, there's no substitute for the assistance of an experienced tax professional.
According to a study released by the US Government's General Accounting Office, most taxpayers believe they benefit from using a professional tax preparer.
Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing.
It is just too easy to overlook deductions and credits to which you are entitled.
Even if you use off the shelf software, there's no substitute for the assistance of an experienced tax professional.
As a small business owner, you have a lot on your plate.
Let us take the hassle and headaches out of your taxes.
We can help you set up your books properly, answer any ongoing questions and prepare your taxes at the end of the year.
Behind every successful small business there is someone providing sound financial advice.
Let us be that resource for you.
Let us take the hassle and headaches out of your taxes.
We can help you set up your books properly, answer any ongoing questions and prepare your taxes at the end of the year.
Behind every successful small business there is someone providing sound financial advice.
Let us be that resource for you.
During the housing bust, a client was going to sell their residence.
In this case, no loss is allowed if it was a personal loss.
We had the client rent the home out to a friend for a year and thus the $100k loss became a tax deductible loss.
Savings to the client: $25k in taxes.
One client had moved several times and lost their records proving expenses.
The IRS wanted $14k in additional taxes for three years because of no records.
Two other CPA firms told him to pay the tax because he had no receipts and no records to prove deductions.
In this case, no loss is allowed if it was a personal loss.
We had the client rent the home out to a friend for a year and thus the $100k loss became a tax deductible loss.
Savings to the client: $25k in taxes.
One client had moved several times and lost their records proving expenses.
The IRS wanted $14k in additional taxes for three years because of no records.
Two other CPA firms told him to pay the tax because he had no receipts and no records to prove deductions.
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