Best Side Hustles for Accountants in Minneapolis
A Accountant in Minneapolis earns an average of $80,000/year, but many professionals in this field supplement their income with side hustles that leverage their existing skills and expertise. Here are the best options for 2026.
1. Tax Preparation
Monthly income potential: $3,000–$10,000
Prepare individual and small business tax returns during tax season.
2. Bookkeeping Services
Monthly income potential: $2,000–$6,000
Manage monthly books for 3–5 small businesses at $500–1500/month each.
3. Financial Consulting
Monthly income potential: $3,000–$8,000
Advise small businesses on cash flow, budgeting, and financial planning.
4. CFO-as-a-Service
Monthly income potential: $5,000–$15,000
Serve as fractional CFO for startups and growing businesses.
5. QuickBooks Setup & Training
Monthly income potential: $1,000–$3,000
Help small businesses set up and learn accounting software.
How Much Can a Accountant Make From a Side Hustle in Minneapolis?
Depending on the hustle and hours invested, Accountants in Minneapolis commonly earn an additional $3,000–$10,000 per month from a primary side hustle. That’s an extra $36,000–$120,000 per year on top of your $80,000 base salary.
| Side Hustle | Monthly Potential | Hours/Week Required |
|---|---|---|
| Tax Preparation | $3,000–$10,000 | 5–15 hrs |
| Bookkeeping Services | $2,000–$6,000 | 5–15 hrs |
| Financial Consulting | $3,000–$8,000 | 5–15 hrs |
| CFO-as-a-Service | $5,000–$15,000 | 5–15 hrs |
| QuickBooks Setup & Training | $1,000–$3,000 | 5–15 hrs |
Getting Started: Side Hustle Checklist for Accountants in Minneapolis
- Check your employment contract for any non-compete or moonlighting clauses
- Set up a separate business bank account and track income carefully
- Register as a sole proprietor or LLC in MN for legal protection
- Set aside 25–30% of side income for quarterly estimated tax payments
- Start with one hustle and master it before adding more income streams
Side Hustles and Tax Implications in MN
Side hustle income is taxable. In MN, you’ll pay federal income tax plus applicable state and self-employment taxes on your net side income. Keep receipts for business expenses — home office, equipment, software subscriptions, and professional development costs are commonly deductible.
Frequently Asked Questions
What are the best side hustles for Accountants in Minneapolis?
The top options are Tax Preparation, Bookkeeping Services, and Financial Consulting. These leverage your existing skills and can generate $3,000–$10,000/month part-time.
How much can a Accountant make from a side hustle?
Most Accountants who pursue side hustles consistently earn an additional $36,000–$120,000 per year. The ceiling is much higher for those who build scalable offerings.
Is it legal for a Accountant to have a side hustle in Minneapolis?
Generally yes, but check your employment agreement for non-compete clauses. Healthcare and licensed professionals may have additional regulatory considerations.