Lance Campbell

Lance Campbell

CPA, Partner

Phone: 507.252.6674
Email Me
LinkedIn

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.

“As someone who grew up in a family of small business owners, I find great satisfaction in being a trusted advisor to our clients, be it small businesses or individuals. This firsthand experience helped me better understand their challenges.”

Lance Campbell

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

Minnesota Tax

Minnesota Paid Leave

Paid Leave is a new program launching for Minnesotans in 2026. It provides paid time off when a serious health
Minnesota Standard Deduction Change

Minnesota Earned Sick and Safe Time: How It Work and Important Updates

Effective January 1, 2024, Minnesota is implementing an earned sick and safe time law, which mandates employers to offer paid
Medical Expense Deductions

The Deductibility of Medical Expenses

Individual taxpayers may be able to claim medical expense deductions on their tax returns. However, the rules can be challenging,
Intangible Assets

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
R&d Payroll Tax

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
Inflation Reduction Act Small Businesses

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,
Sale Of Trade Or Business Property

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
Entrepreneurs and Taxes

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
Prepared for IRS Audit

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