Vehicles & Equipment
Keep vans, trucks, trailers, tools, and machinery properly reflected in the books, and evaluate relevant depreciation or deduction strategies before decisions are final.
Owner-operated contractors · CPA-led firm
Accounting & Tax Services for Minneapolis–St. Paul Contractors
Spend less time wondering whether your books and taxes are right—and more time running your business.
Passageway Financial helps Twin Cities contractors keep their accounting tax-ready, plan for upcoming tax bills, stay ahead of filing deadlines, and take advantage of legitimate tax-saving opportunities.
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2-minute questionnaire · No obligation
Serving contractors throughout Minneapolis, St. Paul and the Twin Cities · Local office presence + convenient virtual service
5.0 Google rating
CPA-led accounting & tax teamQuickBooks Online + Gusto
Established locally. Convenient online.
Local Accounting Expertise Without Another Trip Across Town
Passageway maintains a physical office presence in Minneapolis and serves contractors across the Minneapolis–St. Paul market. You have a firm established in the Twin Cities, with a primarily virtual way of working together.
A video meeting fits between service calls or after a crew check-in without adding a cross-metro drive. From your jobsite, office, shop, or home, you can send documents securely and keep the tax work moving.
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Meet by video
Talk with your accounting team without driving across town.
- 02
Send documents securely
Use our secure client portal instead of delivering paperwork.
- 03
We handle the accounting and taxes
We maintain the books, prepare returns, and handle included filings throughout the year.
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Plan ahead
When planning is included, meet during the year to review taxes and prepare for what’s coming.
You still get an accounting firm serving your local market—you just don’t need to cross the Twin Cities to deliver paperwork. We do not offer unscheduled walk-in service.
Our Minneapolis office and service areasLocal presence, convenient virtual service, and the ability to serve businesses nationwide.
You Probably Didn’t Start Your Business to Do This
You built a business around your trade, your customers, and the people who depend on you. You probably didn’t plan to become the person reconciling QuickBooks after a full day of installations or repairs.
- You’ve entered transactions, but you’re not confident the books are accurate.
- A full service schedule leaves the monthly accounting weeks behind.
- You’re unsure which purchases are deductible or how a vehicle should be treated.
- The business is earning money, but nobody has explained the next tax bill.
- Employee payroll and your own S corporation pay need better coordination.
- A state or IRS notice arrives, and you’re not sure what needs attention.
- Deadlines pile up while your accountant is hard to reach outside tax season.
Your accounting should give you confidence—not become another job after you get home.
The details behind your trade
Accounting Built Around How Contractors Actually Operate
A plumbing company, remodeling crew, and landscaping business each have different day-to-day work—but all need purchases, payroll, subcontractor payments, and owner taxes handled properly. Our focus is the tax-ready accounting behind your trade, not sophisticated project accounting.
S Corporation Planning
Connect owner compensation, payroll, distributions, and tax considerations instead of treating the S corporation return as a separate annual task.
Payroll & Employees
Coordinate Gusto payroll where included, with organized records and attention to the Minnesota payroll considerations in your agreed scope.
Subcontractors & 1099s
Keep subcontractor payment records organized throughout the year so reporting is based on clear information rather than a last-minute search.
Tax Planning
Use current accounting to estimate federal and Minnesota income taxes, where included, so upcoming payment deadlines are easier to prepare for.
Tax-Ready Bookkeeping
Keep QuickBooks Online current each month, giving your team a dependable basis for returns, projections, and Minnesota business tax considerations.
Sales & Use Tax
Help keep applicable Minnesota sales/use tax records and agreed filings organized when those services are part of your engagement.
Business + Personal Returns
Consider the business and its owner together, coordinating the business return with your personal taxes rather than leaving you to connect the pieces.
Electrical, plumbing and HVAC companies; remodelers and home builders; roofing, concrete and excavation businesses; landscaping, painting and flooring contractors; cabinet and millwork shops; and other owner-operated construction and home-service trades.
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2-minute questionnaire · No obligation
Don’t Wait Until Tax Season to Find Out What You Owe
Knowing last year’s tax result doesn’t tell you what to set aside for this year. When your package includes planning, we work from current books to review where you stand, consider legitimate options, and prepare for federal and Minnesota tax obligations before the return is filed.
- Review your current business and owner tax picture
- Project federal and Minnesota liabilities during the year
- Evaluate deductions and planning options relevant to your trade
- Discuss equipment and vehicle purchases when appropriate
- Consider S corporation compensation and estimated payments
- Keep year-end decisions from becoming tax-season discoveries
The goal isn’t just to file your return. It’s to know what is coming before the return is filed.
We work to identify legitimate opportunities—not aggressive positions or guaranteed savings. What makes sense depends on your business and circumstances.
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2-minute questionnaire · No obligation
One Accounting Team for the Business and the Owner
One team can see how the company’s accounting flows into the business return and your personal taxes. That connection makes tax planning more useful—and reduces the back-and-forth of explaining the same business to separate providers.
- Current monthly, tax-ready books
- Business income tax preparation
- Coordinated personal tax preparation
- Quarterly projections/planning, where included
- Gusto payroll, where included
- Applicable sales tax filings, where included
- Ongoing accounting questions and support
- Ordinary IRS/Minnesota notice assistance, where applicable
Services depend on your package and agreed scope. Notice assistance concerns ordinary matters related to supported accounting and tax work; we are not a tax-debt-relief firm.
Real client experiences
Business Owners Trust Passageway With More Than a Tax Return
“I've been with Passageway for 8 months and could not be happier. The communication is top notch, and I always feel heard. Such a relief.”
“Extremely knowledgeable and always quick to respond. Their attention to detail and proactive approach give us complete confidence in our books.”
“Fast, efficient, and knowledgeable — best in the biz. The Passageway team is always quick to respond in the client portal when questions come up.”
A real team behind the online experience
Trevor Haug, CPA
Founder, Passageway Financial
Passageway focuses on helping owner-operated businesses keep accounting organized and stay ahead of taxes. Trevor leads the firm; your accounting team keeps the books, returns, and ongoing work connected.
Working virtually should make the relationship easier—not less personal. You have people who understand your business and help make the next step clear.
Why Passageway
Thorough
Reliable filings start with reliable information. We work carefully to keep the monthly accounting and tax preparation connected and accurate.
Responsive
A question about your business shouldn’t sit unanswered for weeks. We focus on clear communication and keeping you informed as work progresses.
Proactive
With planning in your package, we review the tax picture before year-end so there is time to consider the options that fit.
We Actually Care
We know uncertainty about taxes creates real stress. Our team works to make the issues understandable and the accounting easier to keep in order.
Built for Owner-Operated Contracting Businesses
We’re built for the owner who is still close to the work: an established small or midsized trade business, generally below approximately $5 million in annual revenue, seeking one ongoing accounting and tax team.
- Want bookkeeping and taxes handled together
- Use—or are willing to use—QuickBooks Online
- Are comfortable with video meetings and a secure portal
- Want ongoing, proactive planning rather than annual filing alone
- Value accurate, timely work and responsive communication
- Want a long-term relationship, not a one-time return
If you need only tax preparation, only bookkeeping, a walk-in office, daily phone/text communication, or specialized job costing or CFO services, another model may suit you better. We clarify expectations and scope before you commit.
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2-minute questionnaire · No obligation
Serving Contractors Across the Twin Cities
We work with contracting businesses across Greater Minneapolis–St. Paul, including Hennepin County, Ramsey County, and surrounding Twin Cities communities. Our Minneapolis office presence provides local reassurance; our online service keeps distance from becoming another scheduling problem.
Whether you run a home-service business in Bloomington, Edina, or Eden Prairie, a trade crew in Minnetonka, Plymouth, or Maple Grove, or serve customers around Woodbury, Eagan, Lakeville, or Blaine, your accounting can move forward without a trip across the metro.
View our established office locationsSmall Accounting Problems Can Become Expensive Problems
Unreliable accounting can hide deductions, lead to incorrect returns or late-filing penalties, and leave you with notices or unexpected tax liabilities. It can also make the business harder to understand and create avoidable cleanup work later.
The goal is simple: keep things accurate, organized and handled before they become bigger problems.
Questions from contractors
What Twin Cities Contractors Want to Know
Do you serve contractors in both Minneapolis and St. Paul?
Yes. We serve owner-operated contractors throughout Minneapolis, St. Paul, and the surrounding Twin Cities. Our physical office presence is in Minneapolis, and our primarily virtual service makes it convenient to work together across the metro.
Can I work with you without visiting the Minneapolis office?
Yes. Clients typically meet by video, send documents through a secure client portal, and communicate electronically. You do not need to visit the office for routine work. It is not a walk-in accounting office.
Why do you keep bookkeeping and contractor tax preparation together?
Current books provide the information needed for accurate business and personal returns. Handling both together also supports more informed projections and planning, rather than rebuilding your accounting at tax time.
Can you estimate my Minnesota and federal taxes during the year?
Yes, where included in your service package. We use current financial information for quarterly projections, estimated-payment planning, and evaluation of legitimate tax-saving opportunities. Outcomes depend on your circumstances; savings are not guaranteed.
Can your team help with my contracting business’s S corporation?
Yes. We coordinate business and owner tax considerations for S corporations, including payroll and distributions within the agreed scope. Planning and compensation review depend on the package and engagement.
What accounting software do you use for Twin Cities contractors?
QuickBooks Online is our standard accounting system. Setup or transition support is included. If your existing books need cleanup, we’ll review what is needed and explain the scope before you commit.
Do you manage job costing or project profitability for construction businesses?
Detailed job costing, project profitability analysis, WIP schedules, and CFO services are not part of standard bookkeeping. Our focus is accurate, tax-ready financials. Job-level tracking requires correct transaction coding by the client or a specifically agreed scope; we discuss those expectations before starting.
Less uncertainty about the numbers. More focus on your business.
Tell us about your Twin Cities contracting business. We’ll review what you need and help you decide whether Passageway’s ongoing accounting and tax approach fits.
Let's Connect
2-minute questionnaire · No obligation
Start with the questionnaire. If it looks like a fit, you can choose a time to talk.