Artur Raak

Arthur Raak

CPA, Partner

Phone: 507.252.6670
Email Me

About Arthur

Art Raak joined Hawkins Ash CPAs as a partner, following a 2013 merger of the Minnesota based accounting firm , Wolter & Raak. He was a partner of that firm since 1982.

Art’s experience is primarily small business and farm consulting with emphasis on transition planning and implementation, income and estate tax planning and preparation services.

Areas of Focus

  • Small Business Consulting
  • Corporate Tax
  • Farm Tax
  • Individual Tax
  • Estate Tax


  • Bachelor of Science
  • Winona State University
    Certified Public Accountant

Professional Affiliations

  • American Institute of Certified Public Accountants
  • Minnesota Society of Certified Public Accountants

Community Organizations

  • Rochester Estate Planning Council
  • Rochester and St. Charles Chambers of Commerce

Articles by Art

S Corporation Advantages

Choosing an Entity for Your Business? How About an S Corporation?

If you’re starting a business with some partners and wondering what type of entity to form, an S corporation may
Businesses Hsas

2023 Limits for Businesses That Have HSAs – or Want to Establish Them

No one needs to remind business owners that the cost of employee health care benefits keeps going up. One way
Three Tax Breaks For Small Businesses

Three Tax Breaks for Small Businesses

Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to
Minnesota Standard Deduction Change

Minnesota Standard Deduction Change

The MN Department of Revenue will begin adjusting 45,000 individual income tax returns on April 25, 2022 for changes to
tax inflation

Numerous Tax Limits Affecting Businesses Have Increased for 2022

Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022.
Business life cycles

Business Life Cycles and Transitions

Business life cycles can closely mirror our own progression through life, with one difference. If a succession plan is in