Elite Tax and Consulting

Elite Tax and Consulting No annoying advisory and financial lingo. Just straight, authoritative and friendly advice. We are professional, experienced, and affordable.

Elite Tax and Consulting is licensed in ND and specializes in Bookkeeping. We offer a broad range of services for business owners, executives, and independent professionals. Our firm provides outstanding service to our clients because of our dedication to the three underlying principles of professionalism, responsiveness and quality. Professionalism
Our firm is one of the leading firms in the area

. By combining our expertise, experience and the energy of our staff, each client receives close personal and professional attention. Our high standards, service and specialized staff spell the difference between our outstanding performance, and other firms. We make sure that every client is served by the expertise of our whole firm. Responsiveness
Our firm is responsive. Companies who choose our firm rely on competent advice and fast, accurate personnel. We provide total financial services to individuals, large and small businesses and other agencies. Through hard work, we have earned the respect of the business and financial communities. This respect illustrates our diverse talents, dedication and ability to respond quickly. Quality
An accounting firm is known for the quality of its service. Our firm's reputation reflects the high standards we demand of ourselves. Our primary goal as a trusted advisor is to be available and to provide insightful advice to enable our clients to make informed financial decisions. We do not accept anything less from ourselves and this is what we deliver to you. We feel it is extremely important to continually professionally educate ourselves to improve our technical expertise, financial knowledge and service to our clients. Our high service quality and "raving fan" clients are the result of our commitment to excellence. We will answer all of your questions, as they impact both your tax and financial situations. We welcome you to contact us anytime.

New week, new opportunities! 🚀As a business owner, every single day brings a fresh chance to grow, innovate, and move cl...
06/01/2026

New week, new opportunities! 🚀

As a business owner, every single day brings a fresh chance to grow, innovate, and move closer to your goals. But there’s something special about Monday: it’s the perfect day to set the tone for the week and seize every opportunity that comes your way.

Whether you're looking to streamline your accounting, optimize your tax strategy, or get a clearer picture of your financial future, we’re here to help you make the most of it. Don't let the financial complexities hold you back from focusing on the big picture and growing your business.

Let’s make this week your most productive one yet! If you’re ready to take your business to the next level with a trusted partner by your side, give us a call at 701-594-7000 or visit us at elitetaxandconsulting.com to schedule your discovery meeting.

Your trusted financial partner,
The Elite Tax and Consulting Team 🧡

Running a small business is a balancing act: keeping your eyes on the financial "gauges" is what keeps you in the race! ...
05/29/2026

Running a small business is a balancing act: keeping your eyes on the financial "gauges" is what keeps you in the race! 🏎️

To help you stay on track, here are our Top 4 Accounting Tips:

✅ Track your expenses: Every receipt matters! Staying organized maximizes deductions and keeps cash flow clear.

✅ Plan for taxes: Don’t wait until April. Proactive planning helps you keep more of what you earn and avoids surprises.

✅ Streamline invoicing: A solid system ensures you get paid on time and keeps your records accurate.

✅ Hire a professional: You don’t have to do it alone. Partnering with an accountant lets you focus on growth while we handle the complexities.

At Elite Tax and Consulting, we’re proud to be your trusted financial partner in Fargo and beyond. Ready to take control of your numbers? 🧡

Book your Discovery Meeting today!
📞 701-594-7000
🌐 elitetaxandconsulting.com

This Memorial Day, we pause to honor and remember the brave men and women who made the ultimate sacrifice in service to ...
05/23/2026

This Memorial Day, we pause to honor and remember the brave men and women who made the ultimate sacrifice in service to our country. Their courage and dedication are the foundation of the freedoms we enjoy every day.

As we spend time with our families and friends this weekend, the team at Elite Tax and Consulting joins our Fargo-Moorhead community in deep gratitude. We hope you have a safe, peaceful, and meaningful weekend reflecting on the true meaning of this day.

Our office will be closed on Monday, May 25th, in observance of the holiday. We look forward to serving you when we return on Tuesday.

With respect and gratitude,

The Elite Tax and Consulting Team 🧡🇺🇸

“It doesn’t take you a long time to build a successful business. It takes you a long time to become the person who is wi...
05/07/2026

“It doesn’t take you a long time to build a successful business. It takes you a long time to become the person who is willing to do it.”

Entrepreneurship is 20% strategy and 80% mindset. While many founders focus purely on technical skills or marketing tactics, the real transformation happens internally.

It’s the process of becoming someone who can navigate uncertainty, lead with confidence, and stay the course when the initial excitement fades. Your business often grows only as fast as you do as a leader.

At Elite Tax and Consulting, we see this journey firsthand with the business owners we serve. We believe our job isn't just to manage your numbers, but to clear the path for your personal and professional growth. By handling the complex tax strategies and financial oversight, we give you the mental space to focus on the big picture.

Keep pushing, keep growing, and know that you have a dedicated team in your corner. 🧡

Think your real estate losses are automatically lowering your tax bill? Think again. 🏠Most rental losses are considered ...
05/07/2026

Think your real estate losses are automatically lowering your tax bill? Think again. 🏠

Most rental losses are considered "passive" under Section 469. This means they can't offset your W-2 or business income: they just sit there, trapped on your tax return.

But there are ways around the rules. Here are three big ones:

1️⃣ The STR Loophole: Average stays of 7 days or less + material participation can turn passive losses into active ones.

2️⃣ Real Estate Professional Status (REPS): If you spend 750+ hours in real estate and it’s more than half of your working time, your losses can offset your other income directly.

3️⃣ The $25k Allowance: If your income is under $100k, you might deduct up to $25k in losses (this phases out completely at $150k).

🔥 Pro Tip: Selling the property unlocks all suspended losses immediately! You can use them to offset active income at rates up to 37%, rather than just the lower capital gains rate.

Stop guessing and start planning. Whether you're holding or selling, the right strategy saves thousands.

Book your Discovery Meeting today and let’s keep more of what you earn! 🧡

Holy guacamole, it’s Cinco de Mayo! 🌮🎉At Elite Tax and Consulting, we know you’ve got enough on your plate (literally) t...
05/05/2026

Holy guacamole, it’s Cinco de Mayo! 🌮🎉

At Elite Tax and Consulting, we know you’ve got enough on your plate (literally) today. Between running your business and celebrating with the team, the last thing you want to do is crunch numbers.

We’re nacho average tax experts! 🧀 Whether you need help with your business accounting or you want to taco 'bout your tax strategy for 2026, our team in Fargo-Moorhead is here to take the stress off your hands.

Running a business can be a little salty sometimes, but we handle the salt (and the paperwork) so you can enjoy the celebration. 🧂🍋 From QuickBooks setup to high-level CFO consulting, we provide the backbone for your business success year-round.

Don't wait until you're in a crunch. Let's make sure your finances are as organized as a perfect taco bar.

Book your Discovery Meeting today at elitetaxandconsulting.com or give us a call. We're ready to help your business spice things up! 🧡

Happy Cinco de Mayo, everyone! 💃🕺

72.5 cents per mile adds up fast! 🚗The IRS has officially set the 2026 business mileage rate at 72.5 cents per mile, and...
05/05/2026

72.5 cents per mile adds up fast! 🚗

The IRS has officially set the 2026 business mileage rate at 72.5 cents per mile, and for our local business owners in Fargo, West Fargo, and Moorhead, this is a big win for your bottom line.

Whether you're heading across town for a client meeting or making a quick supply run, those miles are more valuable than ever this year. But here’s the catch: the IRS is big on documentation. To maximize this deduction and stay audit-ready, you need to maintain a solid mileage log. Whether you prefer a classic notebook or a tracking app, consistency is the key.

Don’t leave money on the table! Keep those logs updated so we can help you keep more of what you earn when tax season rolls around.

Got questions about what counts as a business mile or how to best track them? Drop a comment or shoot us a message. We’re here to help you navigate the financial details so you can focus on growing your business. 🧡

The IRS is not okay right now, and unfortunately, it might be landing in your mailbox. 😬Lately, we’ve been seeing a mass...
04/30/2026

The IRS is not okay right now, and unfortunately, it might be landing in your mailbox. 😬

Lately, we’ve been seeing a massive flood of incorrect notices being sent to our clients. Here is the reality: if our firm is seeing this many errors, there are likely tens of thousands of business owners getting hit with incorrect demands right now.

We are seeing everything from automated matching mistakes to the confusing CP53E notices (claiming bank info is missing when it isn’t). It’s causing a lot of unnecessary chaos and stress for local business owners.

If you receive a letter from the IRS this month, here is the game plan:

🧡 Don’t panic. Most of the time, it is an automated glitch.
🧡 Don’t pay it immediately. You might not actually owe anything.
🧡 Don’t ignore it. That is how small errors turn into big headaches.

The best move? Bring it to us first. We are here to be your protective shield and get these things cleared up so you can get back to focusing on your business.

Getting a massive tax refund feels like winning the lottery, right? 💸Actually, it’s more like giving the government an i...
04/20/2026

Getting a massive tax refund feels like winning the lottery, right? 💸

Actually, it’s more like giving the government an interest-free loan for an entire year. 😬

Think about what that money could have done for your business in real-time. Instead of sitting in a government account, it could have been:

✅ Hiring that new team member you need.
✅ Upgrading your equipment.
✅ Investing in marketing to scale your reach.

At Elite Tax and Consulting, we’re all about keeping your cash flow where it belongs: in your pocket and working for your business. We help you optimize your withholdings so you aren't overpaying throughout the year, ensuring you have the capital to grow when you need it most. 🧡

Don't wait for tax season to find out where your money went. Let’s look at your strategy today!

Book your Discovery Meeting at elitetaxandconsulting.com or give us a call. ⏰

Is your business finance starting to sound like a broken record? 🎶 Let’s change the tune.For those in music or audio pro...
04/18/2026

Is your business finance starting to sound like a broken record? 🎶 Let’s change the tune.

For those in music or audio production, the 2026 HITS Act is a major chart-topper. 🎸🎧 This isn't just industry noise: it’s a financial game-changer that allows you to deduct recording costs immediately instead of over several years.

Think of it as a "remix" for your tax strategy. Instead of a long play, you keep more cash now to reinvest in new gear, studio upgrades, or your next big project.

At Elite Tax and Consulting, we’re all about finding "Financial Harmony." Like a seasoned sound engineer, we fine-tune your books to ensure you never miss a beat (or a deduction). We keep your business in tune with the latest laws so you can stay focused on the creative process.

Ready to turn up the volume on your success? Let’s get your strategy on the right track.

🧡 Book your Discovery Meeting today!
📍 Serving Fargo, West Fargo, Moorhead, and surrounding areas.
🔗 elitetaxandconsulting.com

Address

3217 FIECHTNER Drive S SUITE A1
Fargo, ND
58103

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+17015947000

Website

Alerts

Be the first to know and let us send you an email when Elite Tax and Consulting posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category