Sundberg Tax & Consulting

05/28/2026

Good news out of the Minnesota Government (for small businesses, but especially people who don't like paying taxes):

Pass-through Entity Tax has been renewed!

(it is a key small business deduction that expired in MN on 12/31/25)

Plus, Federal Conformity (a lot at least).

Here:

https://www.mncpa.org/resources/publications/perspectives/may-2026/gov-walz-signs-tax-bill-ptet-extension-included/

On May 27, 2026, Gov. Tim Walz signed HF 2438 — the tax bill — into law. The good news is that after months of emails, calls and conversations from MNCPA members, a pass-through entity tax election extension was included in the bill. The unwelcome news is the extension is only for two years — ...

04/30/2026

needs to learn before it can even think about raising .
Start designing social programs with auditors.
We are passionate about reducing taxes for , and a new tax bracket would hit business owners hard. Even if the business owner never takes money from the business, they still have to pay tax on it.

https://www.house.mn.gov/sessiondaily/Story/19132

04/24/2026

Happy Friday!
Let's end the week by looking at what MN the Governor wants to pass.
Most are to match the Federal changes, repealing the end of PTE, and fixing issues in sales tax language, all of which I like, but I'm concerned with the expansion of to and services ( and I'm sure ) and the creation of a new small business auditing unit.

https://www.house.mn.gov/sessiondaily/Story/19116

03/04/2026

What do you think of this?
Good? Bad? Opening the US to undo risk?
Banking Groups Slam Crypto Bank Kraken’s Fed Approval as Improper, Dangerous

Kraken became the first crypto bank to receive a Fed master account on Wednesday. The banking industry is not pleased.

07/24/2025

Oh look! QuickBooks is changing... *again*!
I just saw this email from Intuit to tell us of the net stage on 08/04.
Was this a "Coming Soon" email or a "Warning" email - what do you think?

04/22/2025

11 ways introverted leaders can strengthen remote work relations https://buff.ly/1iSkH3U

Building bridges behind your screen is easier than you think.

01/15/2025

Playbook for 2025: 10 high-stakes factors that could affect your business - Minneapolis / St. Paul Business Journal

Will hybrid work take more steps back in 2025? It's one of the top questions that could shape the business world in the new year.

04/19/2024

To be clear, the new law actually streamlines the ability to add many sales taxes to the ballot without state approval. It is "limited" only that non-qualified purposes aren't streamlined. (Misleading headline)

Cities may face new limits on sales taxes

04/07/2024

Where do you think Minnesota is on the Top Ten Most Taxes States?
I was surprised! (It includes other taxes)

Here are the 10 states where the middle class pays the most in taxes — and the 9 states where they pay no state income tax at all

Hawaii, New York, and Illinois are among the top 10 states where middle-income earners pay the most in taxes.

04/05/2024

This was a solid article (editorial) from the Star Tribune.
With lots of opposition to this law, I wonder how it was passed in the first place.
It's as if Minneapolis politicians are out of touch with the people & just voting with special interests or with their emotions....

The Minneapolis rideshare driver pay ordinance was clearly a mistake with implications beyond the city. The City Council must revisit it.