Audit Partner, Client Manager, Commercial Team Leader
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Tom Hodnefield, CPA, is an audit partner, client manager, commercial team leader, and board chair at Redpath and Company. He works with closely-held businesses and specializes in providing accounting services to a variety of companies in the technology industry including software-as-a-service (SaaS), computer hardware, networking solutions, e-commerce, and IT management.
Tom is passionate about working with technology companies and helping them take advantage of opportunities in a very dynamic and fast-paced industry. His approach is to deliver value beyond compliance work and help his clients reach their goals through a deep understanding of their unique business and operational characteristics. Tom’s client portfolio includes companies with revenues ranging from pre-revenue to upwards of $100 million.
Tom understands the nuances and unique needs of businesses that provide technology services or products—or use technology as a competitive advantage. Areas of expertise include revenue recognition, GAAP readiness, M&A, funding, state and local tax/nexus, and entity structuring.
Tom began his public accounting career with Redpath and Company and has been with the firm since 1988.
Tom Hodnefield, CPA
American Institute of Certified Public Accountants
Minnesota Society of Certified Public Accountants
Nonprofit Financial Group
Gustavus Adolphus College Audit Committee
Como Friends, board member and treasurer
White Bear Lake Area Educational Foundation, member of the founding board and former treasurer
We know you have many options when it comes to accounting firms in St. Paul or the Twin Cities area, and we know we’re not the right fit for everyone—but when you’re ready to start a conversation, we’ll be ready to listen.
55 East Fifth Street, Suite 1400 St. Paul, MN 55101
June 15, 2021 - Cash is king for most – if not all – companies, and the ability to defer income taxes frees up cash and makes it available for reinvestment in the business. Moreover, maintaining a healthy reserve can sometimes mean the difference between surviving and thriving. So why pay the government early?
June 4, 2021 - If your company does any research and development (R&D), the R&D tax credit can minimize your tax liability. But it's not just for manufacturers and engineers. In fact, you probably do more qualifying R&D work than you think, regardless of your industry.
May 20, 2021 - Minnesota State leaders in the Legislature and Governor Tim Walz have announced their intent to allow both $10,200 of unemployment benefits and all proceeds from forgiven PPP loan applications to be excluded from income in determining the taxpayer’s tax obligation to the State as part of their latest state budget deal.