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
Education
- Bachelor of Science
Accounting - 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
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
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
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
The MN Department of Revenue will begin adjusting 45,000 individual income tax returns on April 25, 2022 for changes to
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 and Transitions
Business life cycles can closely mirror our own progression through life, with one difference. If a succession plan is in