Frank E. Nute Certified Public Accountant

Frank E. Nute Certified Public Accountant Frank E. Nute, CPA PC offering tax controversy, forensic accounting, and virtual CFO services. I can be reached at 952-405-2082.

Nute CPA PC is a Minneapolis forensic accounting firm specializing in tax resolution and preparation and forensic accounting. My forensic practice is focused on the financial impact of divorce and my tax resolution and preparation work helps clients resolve their tax issues prior to or after their divorce. I help non-filers and delinquent filers get into compliance and stay there, I negotiate offe

rs in compromise and set up payment plans, and I work on penalty abatements. If you have received a letter from the IRS, have concerns about your taxes or need help understanding your finances in anticipation of a divorce I am here to help!

As our nation pauses to celebrate July 4, we are sending each of you our warmest wishes for a memorable holiday. Whether...
07/04/2024

As our nation pauses to celebrate July 4, we are sending each of you our warmest wishes for a memorable holiday.

Whether you are planning to enjoy a barbecue, marvel at the fireworks, or spend quality time with loved ones, we hope your day is full of fun, rest, and reflection.

Please note that our office will be closed in observance of Independence Day. Enjoy the holiday, and stay safe.

We made it through another tax season, but that doesn’t mean our work is done! In fact, now is the perfect time to refle...
06/26/2024

We made it through another tax season, but that doesn’t mean our work is done! In fact, now is the perfect time to reflect not only on the past year but also to look ahead, as the actions you take now can significantly impact your future tax situation.

With that in mind, we’re sharing today some essential strategies and best practices for the tax “off-season.” Swipe through to discover steps you can take now to potentially reduce tax liability down the road ➡️

Have questions or need personalized advice? Reach out to us anytime! We’re here to help.

Important reminder for all the parents and caregivers in our network: the deadline to file your child's FAFSA for the 20...
06/20/2024

Important reminder for all the parents and caregivers in our network: the deadline to file your child's FAFSA for the 2024-2025 academic year is just around the corner. Make sure to submit applications by June 30, 2024!

As a reminder, the form has been updated this year, making the financial aid application process much easier. 🎉

Have any questions or need assistance with your FAFSA application? Feel free to reach out. We’re happy to be a resource.

From strategic financial planning to budgeting, forecasting, and performance analysis, a part-time CFO offers invaluable...
03/27/2024

From strategic financial planning to budgeting, forecasting, and performance analysis, a part-time CFO offers invaluable insights and support tailored to your startup's unique needs. With my expertise in your corner, you can make informed decisions, optimize financial resources, and steer your startup towards sustainable growth and profitability.

Call today: 952-405-2082

Although I am in the midst of the chaos that we all refer to as "tax season" - I am here to answer any of your questions...
03/25/2024

Although I am in the midst of the chaos that we all refer to as "tax season" - I am here to answer any of your questions or concerns.

If you find yourself lost in the maze of deductions or tangled in the web of tax codes, don't hesitate to reach out!

Navigating the financial complexities of divorce can feel like an overwhelming journey, especially for women facing the ...
03/23/2024

Navigating the financial complexities of divorce can feel like an overwhelming journey, especially for women facing the transition alone. If you find yourself in this situation, know that you're not alone, and there is support available to help you navigate this challenging time.

As you work to untangle your financial affairs and secure your future post-divorce, consider enlisting the expertise of a qualified CPA or financial advisor specializing in divorce planning. With their guidance, you can gain clarity on your financial situation, understand your rights and obligations, and make informed decisions that prioritize your long-term financial well-being.

From assessing the value of marital assets and determining equitable distribution to understanding tax implications and planning for future financial goals, a knowledgeable advisor can provide valuable insights and strategic guidance tailored to your unique circumstances.

Remember, your financial security is paramount as you embark on this new chapter of your life. By seeking professional support and taking proactive steps to safeguard your financial future, you can navigate the complexities of divorce with confidence and empower yourself to move forward on solid financial footing.

Have you fallen behind on payroll taxes over the past few years? Here's the best process for tackling unpaid payroll tax...
03/21/2024

Have you fallen behind on payroll taxes over the past few years? Here's the best process for tackling unpaid payroll taxes:

Assess the Situation: Start by gathering all relevant financial records and assessing the extent of your unpaid payroll tax liabilities. Understanding the full scope of the problem will help you develop a clear plan of action moving forward.

Seek Professional Guidance: Dealing with unpaid payroll taxes can be complex and overwhelming. Enlist the expertise of a qualified CPA or tax professional who specializes in tax resolution. They can provide personalized guidance tailored to your specific circumstances and help you navigate the IRS's requirements and procedures.

Communicate with the IRS: Open communication with the IRS is essential. Contact them promptly to discuss your situation and explore potential solutions. Ignoring IRS notices or failing to respond can escalate the situation and lead to further consequences. Be transparent about your financial challenges and demonstrate your commitment to resolving the issue.

Negotiate Payment Arrangements: If you're unable to pay the full amount of unpaid payroll taxes upfront, negotiate a payment arrangement with the IRS. They may be willing to work with you to set up an installment plan or offer other payment options that fit your financial circumstances. Be prepared to provide detailed financial information to support your request.

Address Compliance Issues: In addition to paying outstanding payroll taxes, ensure that your business is current with all ongoing tax obligations and compliance requirements. This includes filing any delinquent tax returns and staying up to date with future payroll tax payments to prevent further issues from arising.

Explore Tax Relief Options: Depending on your financial situation, you may qualify for various tax relief programs offered by the IRS, such as penalty abatement or an Offer in Compromise. Work with your CPA to explore these options and determine the best course of action for your specific circumstances.

Don't delay – the sooner you address the issue, the sooner you can regain control of your finances and move forward with confidence.

Are you and your partner navigating the challenging process of divorce and struggling to divide your assets amicably? Di...
03/11/2024

Are you and your partner navigating the challenging process of divorce and struggling to divide your assets amicably? Divorce can have significant tax implications, affecting everything from property settlements to alimony and child support payments. A CPA can provide valuable insights into the tax consequences of various settlement options, helping you make informed decisions that minimize tax liabilities and maximize financial benefits for both parties. By addressing tax considerations upfront, a CPA can help prevent future disputes and ensure a smoother transition post-divorce.

In a dynamic business environment, flexibility is key. A part-time CFO provides the flexibility to scale their involveme...
03/08/2024

In a dynamic business environment, flexibility is key. A part-time CFO provides the flexibility to scale their involvement based on your business's evolving needs. Whether you require ongoing strategic guidance or assistance with specific projects or initiatives, a part-time CFO can adapt their services to align with your requirements, ensuring optimal support without unnecessary overhead.

Communication with the IRS is notorious for its complexity and intricacies, often presenting a daunting challenge for in...
03/06/2024

Communication with the IRS is notorious for its complexity and intricacies, often presenting a daunting challenge for individuals and businesses alike. Understanding IRS notices, deciphering their contents, and crafting appropriate responses require a nuanced understanding of tax laws and regulations. Without the right person guiding you through this process, navigating IRS communication can indeed feel nearly impossible. Many individuals find themselves overwhelmed by the sheer volume of paperwork, the technical language used, and the strict deadlines imposed by the IRS. However, with the expertise of a knowledgeable CPA specializing in tax resolution by your side, you can gain a significant advantage. I provide tailored guidance and representation to ensure that your interactions with the IRS are conducted effectively and efficiently. From interpreting IRS notices to formulating comprehensive responses and negotiating favorable outcomes, I alleviate the burden of IRS communication, allowing you to focus on moving forward with confidence.

Have you heard of the new reporting requirement in 2024 called the "FinCEN Identifier”? It was introduced by the Financi...
03/05/2024

Have you heard of the new reporting requirement in 2024 called the "FinCEN Identifier”? It was introduced by the Financial Crimes Enforcement Network (FinCEN) in response to the Corporate Transparency Act. Swipe through to learn more ➡️

We hope this information was helpful. If you haven’t already, be sure to connect with us soon to ensure your business meets these new requirements!

Drive Success without the Full-Time Commitment – Trust Frank E. Nute CPA for Fractional CFO Expertise. With my fractiona...
03/04/2024

Drive Success without the Full-Time Commitment – Trust Frank E. Nute CPA for Fractional CFO Expertise. With my fractional CFO services, you can access high-level financial leadership and guidance tailored to your business needs without the overhead of a full-time CFO. I offer strategic financial planning, budgeting, forecasting, and performance analysis to help you make informed decisions and achieve your business goals. Whether you're a small startup or a growing enterprise, our fractional CFO expertise ensures that you have the financial insights and support necessary to thrive in today's competitive landscape.

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12800 Whitewater Drive # 100
Minnetonka, MN
55343

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Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

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