2025 Minnesota Tax Update: What the OBBBA Means for Your Business

Significant tax law changes are now in effect for 2025. On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, creating wide-ranging updates for individuals and businesses.

Join Smith Schafer tax professionals for a practical, Minnesota-focused briefing on the key provisions, implications, and action items to help you plan confidently for the year ahead.

Our experienced tax and payroll advisors will share timely insights to help you understand how the OBBBA and the new Minnesota Paid Family and Medical Leave Act could affect your business strategy, payroll process, and tax planning.

• Key OBBBA provisions that extend or make permanent select 2017 Tax Cuts and Jobs Act (TCJA) business items
• Changes to deductions and credits impacting individuals and business owners
• Removal of clean energy incentives and what that means for Minnesota businesses
• Minnesota-specific tax implications you should prepare for
• Payroll considerations under the Minnesota Paid Family and Medical Leave Act

• Gain clarity on the new federal tax law and its impact on Minnesota taxpayers
• Learn practical strategies for compliance and planning
• Get payroll insights to prepare your team for new state requirements
• Network with other Minnesota business leaders and professionals

• Business owners
• Controllers, CFOs, and finance leaders
• Payroll managers
• Anyone responsible for tax and financial decisions within their organization

There is no cost to attend, but space is limited. Please register in advance to reserve your seat.

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