Ramsay & Associates, Ltd.

Ramsay & Associates, Ltd. Ramsay & Associates, Ltd. Founded in 1976, Ramsay & Associates, Ltd. As a client of ours, your financial success is our primary aim. At Ramsay & Assoicates, Ltd.

is a premier planning and consulting CPA firm specializing in high quality business consulting processes and individual financial support is a premier planning and consulting CPA firm specializing in high quality business consulting processes and individual financial support. You can expect a high level of service along with mutual trust and respect from our team members. Our goal is to educate yo

u on how to maximize your wealth, and to help you gain confidence in making decisions about your business & personal financial future. We strive to know you well enough to champion your cause. Our team of experienced certified public accounts is committed to helping you build a solid foundation for your financial future. We offer a large range of business and personal financial services including tax planning and preparation, accounting, software installation and training, as well as business consulting. Our team is also equipped to assist in IRS and state audit help, research and development credit, business valuation, benefit plan consulting, and succession planning. our goal is to provide quality business, personal, and financial planning advice. Our experienced team works hard to help you in every financial planning, retirement, and investment planning opportunity possible to help you maximize your wealth and gain confidence making wise financial decisions. To learn more about us and the services we offer, please visit our website or give us a call at 651-429-9111 today!

Donor-advised funds (DAFs) have become increasingly popular among those who want to simplify their charitable giving whi...
06/16/2026

Donor-advised funds (DAFs) have become increasingly popular among those who want to simplify their charitable giving while maximizing tax efficiency.

A DAF is a charitable investment account typically managed by a financial institution or an independent sponsoring organization. Contributions are generally deductible in the year they’re made, even if the funds are distributed to charities in future years. Assets you contribute to a DAF are removed from your taxable estate. Plus, in your estate plan, you can designate your DAF as a beneficiary to receive assets upon your death, ensuring continued charitable giving in your name.

Contact us to discuss how a DAF might fit into your estate plan.

Growing small businesses may trigger the Affordable Care Act’s play-or-pay provisions. These rules apply to applicable l...
06/11/2026

Growing small businesses may trigger the Affordable Care Act’s play-or-pay provisions. These rules apply to applicable large employers (ALEs), which are those with 50 or more full-time employees, including full-time equivalents (FTEs).

ALEs must offer full-time employees and their dependents minimum essential coverage that’s affordable and provides certain minimum value. For 2026, the penalties for noncompliance generally are

1) $3,340 per full-time employee, excluding the first 30, for not offering coverage, and
2) $5,010 per full-time employee who receives a premium tax credit, for offering coverage that doesn’t meet the affordability and minimum value requirements.

Contact us to discuss your obligations.

Here are a few key, tax-related deadlines for individuals for the rest of 2026. • JUNE 15: Pay the second installment of...
06/09/2026

Here are a few key, tax-related deadlines for individuals for the rest of 2026.

• JUNE 15: Pay the second installment of 2026 estimated taxes, if applicable.
• SEPT. 15: Pay the third installment of 2026 estimated taxes, if applicable.
• OCT. 15: File a 2025 income tax return and pay any tax, interest, and penalties due if an automatic six-month extension was filed.
• DEC. 31: Incur various expenses that potentially can be deducted on your 2026 tax return.

Contact us for more information about the filing requirements and to help ensure you meet all deadlines that apply to you.

06/04/2026

A comprehensive estate plan does more than distribute your assets after your death. It also protects your voice, your values, and your loved ones during a difficult moment. One critical yet often overlooked component of an estate plan is a living will. Does your estate plan include one?

Our blog outlines what you should know. Follow the link in the comments to learn more.

In today’s digital world, estate planning goes beyond physical property and financial accounts. It must also address you...
06/02/2026

In today’s digital world, estate planning goes beyond physical property and financial accounts. It must also address your digital assets.

From online financial accounts to social media profiles, cloud storage, and cryptocurrency, these assets can hold both financial and sentimental value. Without proper planning, your loved ones may face significant legal and logistical challenges in managing them. One option is to designate a trusted family member or friend as a “digital executor.” His or her role is to carry out your instructions, access accounts, and ensure digital property is handled appropriately.

Contact us to learn more about how to address your digital assets in your estate plan.

Companies that engage in research and development activities may qualify for a federal tax credit for some of those expe...
05/27/2026

Companies that engage in research and development activities may qualify for a federal tax credit for some of those expenses.

The research credit is complicated to calculate, and not all research activities are eligible. But the tax savings can be significant. Certain taxpayers may even be able to use the credit to offset employer-paid payroll taxes or the owners’ alternative minimum tax obligations.

We can help you navigate the complexities of claiming this credit, including how it works, which costs may qualify, and how it interacts with the deduction for research and experimentation costs.

Contact us to discuss your business’s eligibility and quantify the potential benefits.

Today, we remember and honor the legacy of those who made the ultimate sacrifice for our freedoms.Our office is closed i...
05/25/2026

Today, we remember and honor the legacy of those who made the ultimate sacrifice for our freedoms.

Our office is closed in observance of the Memorial Day holiday.

A family limited partnership (FLP) allows you to manage and protect your wealth while gradually transferring ownership i...
05/21/2026

A family limited partnership (FLP) allows you to manage and protect your wealth while gradually transferring ownership interests to your children or other heirs. You can fund the FLP with a family business, real estate, investments, or other assets.

Transferring FLP interests to family members removes the value of the underlying assets from your taxable estate. Although interests that are gifted rather than sold (or sold for less than fair market value) are taxable gifts, they can be shielded (in whole or in part) from federal gift tax by your gift and estate tax exemption. Additional benefits include potential income tax savings and protection from creditors.

Contact us for details.

How you capitalize your C corporation isn’t just an accounting matter—it’s a tax-saving opportunity. You can set up fund...
05/19/2026

How you capitalize your C corporation isn’t just an accounting matter—it’s a tax-saving opportunity. You can set up funds supplied by shareholders as either capital contributions (equity) or loans (debt).

Future withdrawals by equity investors may result in double taxation. Conversely, repayments of shareholder loans are generally tax-free, while interest payments are taxable to the shareholder and deductible by the corporation. This setup provides a more tax-efficient way to get money out of your company. However, the IRS may reclassify shareholder loans as equity if not properly structured and documented.

Contact us to evaluate your options and determine what’s right for your situation.

Whether intellectual property (IP), such as patents and copyrights, is a significant source of wealth or only a small fr...
05/14/2026

Whether intellectual property (IP), such as patents and copyrights, is a significant source of wealth or only a small fraction of your estate, it’s critical that you properly address it in your estate plan. Careful planning helps ensure that IP assets are preserved, accurately valued, and transferred according to your wishes.

Often, a professional appraiser is needed to determine fair market value. Then you can decide whether to transfer the IP to family members, charities, or others through lifetime gifts or bequests after your death. The gift and estate tax consequences will likely affect your decision. But you should also consider your income needs.

Contact us to help plan for your IP.

Address

1620 Mahtomedi Avenue
Mahtomedi, MN
55115

Opening Hours

Monday 8:30am - 4:30pm
Tuesday 8:30am - 4:30pm
Wednesday 8:30am - 4:30pm
Thursday 8:30am - 4:30pm
Friday 8:30am - 4:30pm

Telephone

+16514299111

Website

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