Firm Profile

Who we are:

Franke Tax Advisors is a full service accounting firm serving clients throughout the Red River Valley. Our primary goal is to provide our clients with professional, personalized services and guidance to meet the wide range of financial and business needs. With nearly 40 years of experience, we offer trusted and insightful advice to our clients enabling them to make informed financial decisions. We recognize that our individual and business clients have differing needs. These needs are best satisfied with a tailored approach which requires an in-depth knowledge and understanding of each specific situation. We obtain this understanding by developing a partnership with our clients based on trust and open lines of communication. Whether you are looking for personal income tax preparation, wish to start a business, or own a successful company, we are here for you. Because we get new business from the people who know us best, client referrals have fueled our growth in the recent years. To see a listing of our services, please take a moment and look at our services page.

We look forward to serving you in all your accounting needs!


Tax Preparation and Tax Planning

Our team of tax experts works closely with each client to develop a proactive tax plan that encompasses both business and personal financial circumstances. We have the research resources and expertise to help clients with intricate tax planning issues. Our objective is to provide our clients with not only traditional tax compliance practices, but also a process to identify potential tax savings and generate future planning opportunities. Whether you meet with one of our tax advisors personally or chose to take advantage of our drop off service, we will ensure you the highest level of service possible.

Types of Returns Prepared
     •     Individual Income Tax Returns
     •     C Corporation Returns
     •     S Corporation Returns
     •     Partnership, Limited Partnership, LLP, and LLC
     •     Trust/Estate Returns
     •     Gift Tax Returns
     •     Single State/Multi-state Returns
     •     Tax Elections (Individual and Business)
     •     Nonprofit Returns

Tax Planning Opportunities – Business

     •     Year-end planning to minimize tax
     •     Sale of a business
     •     Business Entity Choice or Entity Conversion
     •     Like-kind Exchanges
     •     Business Acquisition
     •     Cash/Property Distribution Options
     •     Business Succession

Tax Planning Opportunities – Individuals

     •     Year-end planning to minimize tax
     •     Alternative Minimum Tax Planning
     •     Gifting Strategies
     •     Trusts/Family Partnerships
     •     Stock Options/ESPP Sales
     •     Sole Proprietorships
     •     Divorce Tax Issues
     •     Estate/Income shifting Strategies
     •     Investment Tax Planning
     •     Maximization of Itemized Deductions
     •     Individual Retirement Tax Strategies
     •     College Planning

Industries Served

     •     Agriculture
     •     Arts/Entertainment
     •     Auto Dealerships
     •     Child/Day Care
     •     Health Clinics
     •     Construction
     •     Distribution
     •     Engineering
     •     Governmental
     •     Individual Tax
     •     Investment Groups
     •     Landscape
     •     Manufacturing/Fabrication
     •     Nonprofit
     •     Real Estate
     •     Restaurants
     •     Retail
     •     Self Employed
     •     Service
     •     Townhome/Condo Associations
     •     Trucking

Accounting, Bookkeeping, and Consulting Services

Having accurate and timely financial information is a key to the success of any business. Franke & Associates is committed to providing our clients with meaningful, well-organized financial records which enable clients to make informed financial decisions. We strive to develop an understanding of your business and its need for solutions.

The following is a list of services provided:

     •     Weekly Payroll
     •     Quarterly/Annual Payroll Reports
     •     Payroll Audits
     •     Bookkeeping
     •     Quickbooks consulting
     •     Year-end Business Planning
     •     Business Plan Creation
     •     Business Start-up Consulting