About Lance
Lance Campbell is the Partner-in-Charge of the Rochester, MN office. Lance is responsible for providing tax services to individuals, businesses and agricultural clients. He also provides compilation services.
Areas of Focus
Business Tax
Individual Tax
Farm Tax
Compilation
Education
Bachelor of Arts, Public Accounting, Augsburg College
Certified Public Accountant
Professional Affiliations
American Institute of Certified Public Accountants
Minnesota Society of Certified Public Accountants
Community Organizations
Stewartville United Methodist Church, Finance Chair
Stewartville Library, Past Board Member
Sons of the American Legion, Member
Recent Articles by Lance
Intangible Assets: How Must the Costs Incurred Be Capitalized?
These days, most businesses have some intangible assets. The tax treatment of these assets can be complex. What Makes Intangibles
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R&D Payroll Tax Credit Expanded
When President Biden signed the Inflation Reduction Act (IRA) into law in August, most of the headlines covered the law’s
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Inflation Reduction Act Provisions of Interest to Small Businesses
The Inflation Reduction Act (IRA), signed into law by President Biden on August 16, contains many provisions related to climate,
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The Tax Mechanics Involved in the Sale of Trade or Business Property
There are many rules that can potentially apply to the sale of business property. Thus, to simplify discussion, let’s assume
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Entrepreneurs and Taxes: How Expenses Are Claimed on Tax Returns
While some businesses have closed since the start of the COVID-19 crisis, many new ventures have launched. Entrepreneurs have cited
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Being Prepared for an IRS Audit
The IRS recently announced it intends to hire thousands of new employees as part of a tax-enforcement push. This could
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A Tax Quirk of Being a Business Partner
If you’re a partner in a business, you may have encountered a situation that gave you pause. In any given
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Raising Financially Responsible Kids
If you help your kids understand money when they’re young, they’re more likely to develop sound financial habits when they’re
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Cost Segregation Studies Can Benefit Business Owners
Any business owner who’s acquired, constructed or substantially improved a building this year — or even in previous years —
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