Lance Campbell

Lance Campbell

CPA, Partner

Phone: 507.252.6674
Email Me

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



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

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

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 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,
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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
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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
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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
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Business Partner

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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financially responsible kids

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

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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