Sandra R Lucier CPA

Sandra R Lucier CPA Sandra R Lucier CPA offers a broad range of services for business owners, executives, and independent Responsiveness
My firm is responsive.

My firm provides outstanding service to my clients because of my dedication to the three underlying principles of professionalism, responsiveness and quality. Professionalism
My firm is one of the leading firms in the area. By combining my expertise, experience and enthusiasm for my profession, each client receives close personal and professional attention. High standards, service and specializati

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

Your tax, retirement and estate planning shouldn’t be done separately. Decisions in one area can affect the others, espe...
07/08/2026

Your tax, retirement and estate planning shouldn’t be done separately. Decisions in one area can affect the others, especially as tax laws, financial circumstances and long-term goals evolve. We can help keep these important drivers of financial security in sync by providing coordinated strategies for managing taxes, supporting retirement objectives and preserving wealth for future generations. Contact us at (651) 983-2655 to get started.

Your business can show a profit on paper and still face cash shortages because profit and cash flow measure different th...
07/07/2026

Your business can show a profit on paper and still face cash shortages because profit and cash flow measure different things. Profit reflects revenue minus expenses, while cash flow tracks the movement of cash in and out of your business. Cash shortfalls are especially common for growing businesses. That’s because you typically must pay suppliers, vendors and lenders upfront, and then wait for customers to pay you. Understanding the difference between profit and cash flow — and how to account for each — can help you make smarter financial decisions. Contact us at (651) 983-2655 to learn strategies for improving cash flow management.

As a small business owner, it’s easy to think of a succession plan as involving only two people: you and your successor....
07/06/2026

As a small business owner, it’s easy to think of a succession plan as involving only two people: you and your successor. But a smooth transition may also require support from managers and other key employees. Communicating thoughtfully about your intentions and progress can help build confidence, reduce uncertainty and keep the business moving forward. Contact us at (651) 983-2655 for help addressing the tax, financial and strategic aspects of your plan.

The ultimate success of a business often comes back to decisions made at its inception. If you’re planning to start a bu...
07/03/2026

The ultimate success of a business often comes back to decisions made at its inception. If you’re planning to start a business, one key decision is choosing its structure, commonly sole proprietorship, C corporation, S corporation, partnership or limited liability company. In addition to owner liability variations, all have different tax requirements that can affect everything from hiring to cash flow to owner income. Another critical decision is choosing a tax year — either a calendar year or a fiscal year (12 consecutive months ending on the last day of any month except December). Call us at (651) 983-2655. We can help you make the best decisions for your current situation and your business’s future.

If your estate might exceed the federal estate tax exemption ($15 million for 2026), you’re probably concerned about fut...
07/01/2026

If your estate might exceed the federal estate tax exemption ($15 million for 2026), you’re probably concerned about future estate tax liability. A spousal lifetime access trust (SLAT) may help. A SLAT can allow you to remove wealth from your estate tax-free while providing a safety net if your needs change in the future. Essentially, a SLAT is an irrevocable trust you establish for the benefit of your spouse plus your children or other relatives. Your spouse is granted limited access to the trust’s funds during his or her lifetime, giving you indirect access. Call us at (651) 983-2655 to discuss whether a SLAT makes sense for you.

Do your employees pay out of pocket for business travel, meals or supplies? With a properly structured “accountable plan...
07/01/2026

Do your employees pay out of pocket for business travel, meals or supplies? With a properly structured “accountable plan,” reimbursements are tax-free to employees and deductible for your business. (Remember, meals are generally only 50% deductible.) Without an accountable plan, reimbursements count as taxable wages and trigger income taxes for the employee and payroll taxes for both the employee and your business. Contact us at (651) 983-2655 to help ensure your reimbursement practices comply with the tax rules and minimize unintended tax consequences.

If you’d like to arrange for a transfer of wealth through multiple generations, consider a dynasty trust. Assets are tax...
06/30/2026

If you’d like to arrange for a transfer of wealth through multiple generations, consider a dynasty trust. Assets are taxed just once, when they’re initially transferred to the trust. There’s no estate or generation-skipping transfer tax due on any subsequent appreciation in value. A drawback is that the trust is irrevocable. This means it generally can never be revised. Call us at (651) 983-2655 for more details.

An IRS levy is a legal action that allows the agency to seize your property to pay a tax debt. This can include taking f...
06/29/2026

An IRS levy is a legal action that allows the agency to seize your property to pay a tax debt. This can include taking funds from your bank accounts, garnishing your wages or claiming other assets, such as your car or house, to cover your tax balance. Levies don’t happen without warning. They generally happen after multiple notices and missed deadlines. Additionally, the IRS must send you a Final Notice of Intent to Levy and give you the right to request a hearing. If you receive notice of a levy, don’t ignore it! Acting quickly may help you prevent or release a levy. We’re here to help. Call us at (651) 983-2655.

Final regulations released by the IRS stipulate that partnerships no longer need to provide detailed gain and loss infor...
06/26/2026

Final regulations released by the IRS stipulate that partnerships no longer need to provide detailed gain and loss information to selling partners by January 31. This deadline had become a contentious issue. The tax code requires that any portion of a partnership’s sale proceeds attributable to the partner’s share of unrealized receivables and inventory items be reported as ordinary income. Other sale proceeds are generally taxed as capital gains. But partnerships complained that the reporting deadline was hard to meet. Now, partnerships can provide such information to partners according to their natural end-of-year tax compliance cycle, on or with Schedule K-1. Contact us at (651) 983-2655 to discuss this and other tax filing requirements for partnerships.

Trying to catch up? Employees age 50 and older are allowed to make extra, “catch-up” contributions to their 401(k) and s...
06/24/2026

Trying to catch up? Employees age 50 and older are allowed to make extra, “catch-up” contributions to their 401(k) and similar plans. In 2026, you can generally contribute an additional $8,000, for an annual maximum of $32,500. And, if you turn age 60, 61, 62 or 63 this year, you can contribute up to $35,750! However, there’s a catch. Recent tax law changes require certain high earners to invest catch-up contributions in a post-tax Roth account, such as a Roth 401(k). This may require additional planning. Call us at (651) 983-2655 to discuss how to reach your retirement savings goals.

Address

Rosemount, MN
55068

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 9am - 3pm

Telephone

+16519832655

Website

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