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Thomas Karnowski

Thomas Karnowski

Principal

Phone: 952-224-1636
Email: tkarnowski@lbcarlson.com

Education

  • BS in Accounting, St. Cloud State University

Professional Credentials

  • Certified Public Accountant (CPA) (Inactive)
  • Member of the American Institute of Certified Public Accountants (AICPA)
  • Member of the Minnesota Society of Certified Public Accountants (MNCPA)
  • Member of the Associated General Contractors of America (AGC)
  • Member of the Minnesota Association of Public Accountants (MAPA)
  • Member of the Minnesota Taxpayers Association (MTA)

Responsibilities

Thomas Karnowski is a co-founding partner of Malloy, Montague, Karnowski, Radosevich & Co., P.A. Since 1978, Tom experienced the intricacies of tax and accounting and has developed a keen expertise in overall tax minimization, business development and operations, and reporting-related issues of the nonprofit industry. Tom approaches each of his clients knowing that various avenues exist to meet their objectives, at which time, he consults with clients on each option’s implications, considering both the organization’s current needs and long-term goals. With his wealth of experience as an accountant and as the partner in charge of a national accounting firm’s Minneapolis tax department, Tom was instrumental in the development of the tax, closely held business, and nonprofit departments of Malloy, Montague, Karnowski, Radosevich & Co., P.A.

Business Experience

  • Extensive tax and accounting experience for a wide range of commercial and individual clients, with an emphasis on retail, manufacturing industries, and construction companies.
  • Tax planning, consulting, auditing, and accounting for various nonprofit organizations, including churches, nursing homes, homes and schools for the mentally impaired.
  • Tax, audit, and accounting for pension and profit-sharing plans.
  • Management Consulting services, including analysis of computer software, internal control and accounting systems review and design, cash flow analyses and management, tax and estate planning, and business valuation.
  • Responsible for quality control of all tax matters arising in the firm.

Professional History

  • Previous: Principal-in-charge of the Tax Department – Malloy, Montague, Karnowski, Radosevich & Co., P.A., Minneapolis, Minnesota (1991-2024)
  • Previous: Partner-in-charge of the Tax Department – Pannell Kerr Forster, Minneapolis, Minnesota (1990–1991)

Location: Minneapolis
Services: Assurance & Attest, Business Planning, Management Consulting, Tax
Industries: Closely Held Businesses, Construction Companies, Nonprofits Organizations