Phil Thompson & Associates - East Grand Forks, Minnesota

Phil Thompson & Associates: Your Partner in Financial Success

Phil Thompson & Associates is a well-regarded accounting firm located in East Grand Forks, Minnesota. They provide a range of financial services designed to support individuals and businesses alike. Conveniently situated at 140 Gateway Dr NE #2, East Grand Forks, MN 56721, United States, the firm is easily accessible and dedicated to delivering personalized and professional accounting solutions.

Location and Accessibility

The firm's location in East Grand Forks makes it a valuable resource for the local community and surrounding areas. The address, 140 Gateway Dr NE #2, is easily recognizable, and the firm prioritizes client convenience. Furthermore, Phil Thompson & Associates demonstrates a commitment to inclusivity by offering a wheelchair-accessible car park, wheelchair-accessible entrance, and a wheelchair-accessible toilet, ensuring that all clients can access their services comfortably. Planning ahead is beneficial; appointments are recommended to ensure dedicated time and personalized attention.

Contact Information

For inquiries or to schedule an appointment, clients can reach Phil Thompson & Associates via phone at 2182072296. Detailed information about their services and expertise can be found on their website: philthompsonandassociates.com. The website serves as a central hub for understanding the firm’s offerings and contacting the team.

Services Offered: A Detailed Overview

Phil Thompson & Associates specializes in a variety of accounting services, catering to a broad range of financial needs. Their core specialties include:

• Accountant Services: Providing comprehensive accounting support, including financial statement preparation, analysis, and reporting. They help clients understand their financial performance and make informed decisions.
• Accounting Firm Services: Offering a full suite of accounting services, from basic bookkeeping to complex tax planning, ensuring accuracy and compliance.
• Bookkeeping Service: Maintaining accurate and up-to-date financial records, streamlining financial processes, and freeing up clients' time to focus on their core business activities.
• Tax Preparation: Expertly preparing and filing tax returns for individuals and businesses, minimizing tax liabilities and ensuring compliance with all applicable regulations. This includes individual, business, and payroll tax preparation.
• Tax Preparation Service: A dedicated service focused solely on accurate and timely tax filing, leveraging expertise to maximize refunds and minimize risks.

Why Choose Phil Thompson & Associates

Several factors distinguish Phil Thompson & Associates from other accounting firms. Their dedication to personalized service is a key differentiator. They believe in building strong relationships with their clients, taking the time to understand their unique circumstances and goals. This allows them to provide tailored solutions that address specific needs. The firm’s expertise extends beyond basic compliance; they offer proactive financial planning and advice to help clients achieve long-term financial success. The high average opinion of 5/5 on Google My Business speaks volumes about their commitment to client satisfaction. This rating, based on 1 review, highlights the positive experiences clients have had with their services.

Detailed Breakdown of Key Services

Let's delve deeper into some of their core offerings:

Tax Preparation Expertise

Tax preparation is a cornerstone of Phil Thompson & Associates. They handle a wide range of tax situations, including:

• Individual Tax Returns: Assistance with filing individual income tax returns, including deductions and credits to minimize tax liability.
• Business Tax Returns: Preparation of various business tax returns (e.g., Schedule C, 1065, 1120) for sole proprietorships, partnerships, and corporations.
• Payroll Tax Filing: Accurate and timely filing of payroll taxes, ensuring compliance with federal and state regulations.
• Tax Planning: Proactive strategies to minimize taxes throughout the year, leveraging legal and ethical methods.

Accounting and Bookkeeping Solutions

For businesses, Phil Thompson & Associates offers comprehensive accounting and bookkeeping services:

• General Ledger Maintenance: Maintaining accurate and organized general ledger records.
• Accounts Payable and Receivable: Managing invoices, payments, and collections.
• Bank Reconciliations: Ensuring accuracy and identifying discrepancies in bank statements.
• Financial Statement Preparation: Generating income statements, balance sheets, and cash flow statements.
• Budgeting and Forecasting: Assisting with budgeting and financial forecasting to guide business decisions.

Client Testimonials and Reputation

While currently boasting only one Google My Business review, the 5/5 rating underscores the immediate positive experience of that client. This single review suggests a high level of satisfaction with the professionalism, accuracy, and personalized service provided by Phil Thompson & Associates. The firm actively encourages clients to leave reviews, as feedback is invaluable for continuous improvement and demonstrating their commitment to excellence.

Future Outlook

Phil Thompson & Associates is positioned for continued growth and success. Their focus on personalized service, combined with their expertise in accounting and tax preparation, makes them a valuable asset to the East Grand Forks community. As they expand their client base, they remain dedicated to maintaining the highest standards of professionalism and integrity. The accessibility features further demonstrate their commitment to serving a diverse clientele. They are actively working to build a strong online presence and expand their service offerings to meet the evolving needs of their clients.

👍 Reviews of Phil Thompson & Associates