Ramsay & Associates, Ltd.

Ramsay & Associates, Ltd. Ramsay & Associates, Ltd. Founded in 1976, Ramsay & Associates, Ltd. As a client of ours, your financial success is our primary aim. At Ramsay & Assoicates, Ltd.

is a premier planning and consulting CPA firm specializing in high quality business consulting processes and individual financial support is a premier planning and consulting CPA firm specializing in high quality business consulting processes and individual financial support. You can expect a high level of service along with mutual trust and respect from our team members. Our goal is to educate yo

u on how to maximize your wealth, and to help you gain confidence in making decisions about your business & personal financial future. We strive to know you well enough to champion your cause. Our team of experienced certified public accounts is committed to helping you build a solid foundation for your financial future. We offer a large range of business and personal financial services including tax planning and preparation, accounting, software installation and training, as well as business consulting. Our team is also equipped to assist in IRS and state audit help, research and development credit, business valuation, benefit plan consulting, and succession planning. our goal is to provide quality business, personal, and financial planning advice. Our experienced team works hard to help you in every financial planning, retirement, and investment planning opportunity possible to help you maximize your wealth and gain confidence making wise financial decisions. To learn more about us and the services we offer, please visit our website or give us a call at 651-429-9111 today!

Powers of appointment can add valuable flexibility to an estate plan by allowing a trusted individual (the “holder”) to ...
07/16/2026

Powers of appointment can add valuable flexibility to an estate plan by allowing a trusted individual (the “holder”) to adjust how assets are distributed after your death, based on changing circumstances. These might include marriages, births, financial needs, or changing tax law.

Powers of appointment may be general or limited. A general power of appointment allows the holder to distribute assets to anyone and can cause the assets to be included in the holder’s taxable estate — even if the holder doesn’t execute the power. Limited powers have certain restrictions. In most cases, they don’t allow holders to distribute assets for their own benefit.

Contact us for more details.

The 2026 Quad Community/Citizen Readers’ Choice Best of the Press voting is now open! Show your support for Ramsay & Ass...
07/15/2026

The 2026 Quad Community/Citizen Readers’ Choice Best of the Press voting is now open! Show your support for Ramsay & Associates by casting your vote for us as:

• Best Accounting Firm
• Best Tax Preparer
• Best Financial Planner: Richard Ramsay

Simply visit the link in the comments before 5 p.m. on Sunday, August 2, to fill out your online ballot. We take pride in offering our very best to every client and would be honored to have your vote!

C corporation shareholders usually owe tax on gains from selling stock. But qualified small business (QSB) stock sales m...
07/14/2026

C corporation shareholders usually owe tax on gains from selling stock. But qualified small business (QSB) stock sales may qualify for a special gain exclusion. To be eligible for this break, certain requirements must be met.

QSB stock acquired after Sept. 27, 2010, may be eligible for a 100% gain exclusion if it’s held for at least five years. Under recent tax law changes, QSB stock acquired after July 4, 2025, may be eligible for a partial gain exclusion if it’s held for at least three years.

Contact us to learn whether this tax-saving strategy is right for your business. We can help structure your business to unlock the potential tax savings and navigate the complex rules.

Voting is now open for the White Bear Press 2026 Readers’ Choice Best of the Press contest, and we would love to have yo...
07/10/2026

Voting is now open for the White Bear Press 2026 Readers’ Choice Best of the Press contest, and we would love to have your support.

Ramsay & Associates is in the running as this year’s:

• Best Accounting Firm
• Best Tax Preparer
• Best Financial Planner: Richard Ramsay
• Best Financial Planner: Brady Ramsay

We are happy to be your local tax professionals and grateful to be nominated again this year.

Voting runs through 5 p.m. on Sunday, August 2. So, be sure to visit the link in the comments to cast your vote for Ramsay & Associates!

07/09/2026

Hard to believe it’s been half a century since Ramsay & Associates first opened its doors. And while there is a different Ramsay at the helm these days, the firm’s competencies remain solid. Learn more about how this local, family-owned firm got from there to here as Ramsay & Associates celebrates 50 years—and accounting.

Find the link in the comments.

If you’re thinking about relocating, don’t choose a new state based only on climate, cost of living, or proximity to fam...
07/07/2026

If you’re thinking about relocating, don’t choose a new state based only on climate, cost of living, or proximity to family. Also review the tax implications.

For example, some states don’t have a personal income tax. And some that do have one offer tax breaks for pension payments, retirement plan distributions, and Social Security payments. Also be aware that a state with no personal income tax may impose high property, sales, or estate taxes.

Before making a move, contact us to review the potential income, property, sales, and estate tax implications. We can help you minimize potential negative tax consequences and make the most of any tax advantages offered by the new state.

07/03/2026

We hope your weekend is filled with family, fun, fireworks, and freedom. 🎇

Wishing you a safe and happy Fourth of July from all of us at Ramsay & Associates. Please note that our office is closed for the holiday today, July 3.

One of the greatest risks to your estate plan is the chance of incurring substantial long-term care (LTC) costs. These c...
06/30/2026

One of the greatest risks to your estate plan is the chance of incurring substantial long-term care (LTC) costs. These costs can quickly erode the savings you want to pass on to your family after your death.

One solution is to purchase an LTC insurance policy. The policy’s terms dictate the amount of benefits you’ll receive each day or month, up to a defined lifetime maximum or number of years. A policy generally provides benefits when you can’t perform multiple basic activities of daily living or if you experience cognitive impairment.

Carefully compare policy options, costs, and benefits to find the best fit for your needs and goals. Contact us with any questions.

Does your business own commercial real property? A closer look at your building costs could change how quickly you can d...
06/25/2026

Does your business own commercial real property? A closer look at your building costs could change how quickly you can deduct those expenses.

Business buildings generally have a 39-year depreciation period. A cost segregation study separates various building components, such as electrical systems and flooring. It then allows these components to be reclassified and deducted over a much shorter period, deferring taxes and boosting cash flow. Recent tax law changes enhanced these benefits by increasing first-year depreciation write-offs.

Contact us to discuss whether this strategy is right for your business. We can determine reasonable cost allocations to help withstand IRS scrutiny.

Do you hold assets such as overseas real estate, foreign bank accounts, or investments in international markets? Proper ...
06/23/2026

Do you hold assets such as overseas real estate, foreign bank accounts, or investments in international markets? Proper estate planning for foreign assets is essential to avoid unexpected tax consequences, legal complications, and administrative delays for heirs.

To ensure that your foreign assets are distributed according to your wishes, your will must be drafted and executed in a manner that will be accepted in the United States as well as in the country or countries where your assets are located. Often, it’s possible to prepare a single will that meets the requirements of each jurisdiction. But it may be preferable to have separate wills for foreign assets.

Contact us for more details.

Address

1620 Mahtomedi Avenue
Mahtomedi, MN
55115

Opening Hours

Monday 8:30am - 4:30pm
Tuesday 8:30am - 4:30pm
Wednesday 8:30am - 4:30pm
Thursday 8:30am - 4:30pm
Friday 8:30am - 4:30pm

Telephone

+16514299111

Website

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