Services

Our firm offers a wide range of services to our individual and business clients. Our clients benefit by getting personalized, quality service that is beyond comparison. Below we have listed the services that we offer to our clients along with a brief description.


As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to a qualified professional.

 

 


Other Services

Other Services

Due to our diverse client base, we encounter a wide array of financial and tax issues. As a result, we have gained valuable experience over the years in numerous specialized areas, many of which are listed below. We feel our ability to provide such a variety of services reflects our versatility and competency, as well as our dedication to quality client service.

*Mergers & acquisitions

*Asset protection

*Investment review

*Bankruptcies

*Litigation support

*Cash flow forecasting

*Employee benefit plans

*Expert witness services

Accounting Services

Accounting Services

Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:

*General ledger & financial statement preparation

*Bookkeeping (Monthly/Quarterly/Annual)

*Accounting system setup for new businesses

*Business tax return preparation (Sales & Use/Business Property)

*Personal financial statements

*Litigation support

Audits, Reviews and Compilations of financial statements

We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting on all three levels of assurance:

*Audit- an intensive examination with the highest level of assurance

*Review - some analytical procedures conducted with limited assurance

*Compilation - based upon client information provided and used primarily for internal use.

Bookkeeping/Write-Up

Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.

Financial Forecasts & Projections

Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals.

Cash Flow & Budgeting Analysis

A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses.

Tax Services

Tax Services

We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include but are not limited to:

*Tax planning & return preparation

- Individuals

- Corporations

- Partnerships

- LLCs/LLPs

- Estates, trusts & gift

- Not-for-profit organizations

*Taxing authority representation

*Divorce and support issues

*Tax effects of buying/selling a business

Tax Planning & Preparation

Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation.

IRS Representation

During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies.

Estate & Trust Tax Preparation

Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.

Consulting Services

Consulting Services

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following is just a few of the areas in which we provide consulting services:

*Accounting software selection and implementation

*Type of entity selection

*Business valuations

*Buying/selling a business

*Computer systems

*Financial & retirement decisions

*Estate, trust & gift planning

Business Succession Planning

Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company's day to day operations. With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.

Estate Planning

Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.

Business Consulting

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.

Business Entity Selection

Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.

Buying & Selling a Business

Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our competent staff has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.

Management Advisory Services

Even the most qualified managers can benefit from competent, objective feedback. We can help your company's management team develop long-term objectives and specific strategies to facilitate your business' future growth and success.

Miscellaneous

Certified QuickBooks Pro Advisor ®

We are a Certified QuickBooks Pro Advisor ®. We can assist you in QuickBooks ® Setup, Training, and Reporting.

Quickbooks® Data File Analysis Services

We provide a thorough, systematic analysis of your Quickbooks® data, designed to detect both computer-based data entry errors and problems with your setup. From our analysis we will recommend areas where you need to make improvements. A separate engagement will be necessary to make bookkeeping adjustments to your general ledger. Maintaining accurate Quickbooks® data will give you reliable management reports and will potentially reduce your year-end tax and accounting fees. We offer this service starting as low as $395. Contact quickbooks@mucr.com or call (651)227-6695.

Quickbooks® Training Materials

Mahoney,Ulbrich,Christiansen & Russ P.A. works with The Sleeter Group to bring you the finest Quickbooks® materials and to provide you with a local reseller to recommend the best products for your business' training goals. Contact quickbooks@mucr.com or call (651)227-6695.

Quickbooks® Telephone Support

You can't be expected to know everything about Quickbooks®...but we can. Your time is valuable. Having quick access to solutions for your Quickbooks® problems is essential to running your business effectively. We invoice in 15-minute increments or can set-up a support package tailored to your specific needs. Contact quickbooks@mucr.com or call (651)227-6695.

Quickbooks® Onsite Training

Many small businesses need additional training that applies the content of a Quickbooks® seminar to their industry specific needs. During an onsite training engagement we can custom design hands on instruction to meet your specific learning objectives. Contact quickbooks@mucr.com or call (651)227-6695.

Quickbooks® Install and Setup

Whether you are a new QuickBooks® user wanting to get started on the right foot or an experienced user needing to start over, our consultants will provide you with professional data file setup tailored to your company's industry specific needs. We offer setup packages starting as low as $495. Contact quickbooks@mucr.com or call (651)227-6695.

Real Estate

MUCR provides accounting, tax and consulting services to real estate investors, financial institutions, developers, service providers and other lenders. Among the services we provide are:

-Audit, review or compiled financial statements (Including HUD, MHFA,other)

-Tax Research

-Partnership/LLC/LLP tax returns

-Form of ownership recommendations

-Housing and Rehabilitation tax credits

-Forecasts and projections

-Tax-exempt bond financing

-Syndication consulting

-Cost certifications

-HUD reporting

Non-Profit Organizations

MUCR has a group of professionals committed to providing timely and responsive audit, accounting and tax services to nonprofit organizations. We work with public charities, private foundations, and all forms of tax-exempt organizations.

Our services include the following:

Audits of:

- Nonprofit organizations

- Lawful gaming activities

- United Way agencies

- Governmental grants and programs

- A-133 Compliance Audits

Tax planning and preparation:

- Form 990, 990-T, 990-PF

- Minnesota (or other state's) requirements

Management Consulting

Our nonprofit practice includes social service providers, civic and trade associations, religious and fraternal organizations, schools, community centers, neighborhood groups, youth athletic associations, arts and theatre groups and nonprofit real estate developers.

We have participated in Section 501(c)(3) bond offerings, housing tax credit projects, and public-private partnership transactions.

We pledge our continued support to this vital sector of our economy.

Housing Tax Credit Services

MUCR provides a comprehensive range of services to the affordable housing industry. Our success in tax credit projects is based on our ability to work with your development team which includes attorneys, property managers, investors, asset managers, consultants, lenders, underwriters, contractors and you, the developer. Our success is based on your success.

We represent a variety of participants in the affordable housing industry including local development companies, non-profit housing providers, property managers, corporate and individual investors, local housing agencies and Indian housing authorities.

We have been involved in over 300 housing tax credit projects in 10 different states. Our involvement has included some or all of the following:

- Application for tax credits

- 10% carryover basis certifications

- Analysis of eligible basis

- Deal structuring i.e. pricing, pay-ins, IRR, developer fees, etc.

- Analysis of Partners' Capital Accounts under Section 704(b) of the Internal Revenue Code

- Preparation of financial forecasts and projections

- Tax Research

- Cost certifications

- Assistance in expediting the issuance of Form 8609's

- Compliance monitoring assistance

- Annual project audits (HUD, MHFA, other)

- Partnership/LLC/LLP tax returns

- Year 15 Disposition Options Analysis

- Exit Tax Projections

- Qualified Contract Computations

- Debt Forgiveness and Original Issue Discount (OID)Computations

- IRS and State Tax Audit Assistance

- Resyndication Planning

Please contact Donna Stevermer or John Ries at (651)227-6695 for an initial consultation.

Construction/Contractors

Manufacturing and Distribution

Other industries we serve

We regularly serve clients in these areas:  technology, retail, restaurants, professional services, medical practices, advertising agencies and communications firms.