All CBO Accounting & Advisory Services

Comprehensive Accounting, Tax, and Financial Management Services

At CBO Accounting & Advisory Services, we offer a full range of accounting, payroll, tax, and financial planning services. Our solutions are ideal for small businesses and entrepreneurs in Minneapolis, the Twin Cities, and throughout Minnesota. If you’re located in another state, we also provide our services online.

Accounting & Tax Services

Bookkeeping

We record and organize all your business income and expenses, reconcile bank accounts, and prepare clear financial reports so you know exactly how your business is performing each month.

Personal & Business Tax Preparation

We prepare your personal and business tax returns in Spanish or English, helping you pay only what’s fair while filing accurately and on time.

Payroll Administration

We calculate wages, withholdings, and payroll taxes, generate employee pay statements, and file required payroll forms so you stay compliant without errors.

Tax Compliance

We help you meet all federal and state tax obligations by filing required returns and reports on time, avoiding penalties and issues with the IRS or state agencies.

IRS Audit Help & Tax Notice Assistance

We support you with IRS or state letters, reviews, and audits by analyzing your case, correcting errors, and negotiating payment plans when necessary.

Sales Tax

We handle the calculation and filing of sales tax, reviewing taxable sales and applicable rates in your state to ensure accurate and timely reporting.

Bookkeeping Cleanup & Catch-Up

We organize and rebuild your accounting when it’s behind or disorganized, correcting records so your financial statements and tax filings reflect the true state of your business.

Strategic Tax Planning

We analyze your tax situation throughout the year and design legal strategies to reduce your tax burden by taking advantage of deductions and credits available for your type of business.

Other Specialized Services

We complement our accounting services with specialized solutions to support your day-to-day operations.

Internal Controls & Process Improvement

  1. Design and implementation of internal controls
  2. Fraud risk assessments
  3. Cash handling controls
  4. Inventory control systems
  5. Operational process optimization
  6. Implementation of segregation of duties
  7. Controller-style oversight services

Fractional CFO & Controller Services

  1. Monthly financial reviews with the owner or CEO
  2. Cash flow forecasting
  3. Financial dashboards (KPIs)
  4. Budget vs. actual analysis
  5. Financial scenario modeling
  6. Preparation of financial packages for banks or SBA

Accounting Technology & Automation

  1. Automation of accounting processes
  2. App integrations (POS, payroll, CRM, e-commerce)
  3. Financial dashboard setup
  4. Workflow and task automation

Advanced Advisory Services

  1. Profit optimization
  2. Pricing strategies and menu analysis (restaurants/retail)
  3. Expansion feasibility analysis
  4. Burn rate and liquidity analysis
  5. Debt reduction and restructuring strategies
  6. Exit planning and business valuation support

Business Formation & Legal Structuring (Entity Selection)

  1. Guidance on choosing the right structure (LLC, S-Corp, C-Corp)
  2. Entity formation and registration
  3. EIN and state registrations
  4. Guidance on Operating Agreements and Corporate Bylaws
  5. QuickBooks setup and customized chart of accounts

Notary Services

Notary services to validate legal documents, contracts, and forms required by banks, government agencies, and other institutions.

Renewals

Annual renewal of business registrations with the Secretary of State.

Translations

Certified translation of financial and legal documents (Spanish/English).

Experience in Your Industry

We support businesses across multiple industries with specialized accounting and tax advisory services.

Restaurants

Construction

Retail

Professional Services

Healthcare

Logistics

Cleaning Services

Real Estate

And more…

Reviews

What our clients say

Find a Professional Accountant Near You

If you still have questions or need something more specific, contact us and we’ll review together which service best fits your business.

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