CPA Services in Minnesota for S-Corps & Small Businesses

Looking for a CPA in Minnesota? SDO CPA provides virtual tax preparation, bookkeeping, payroll, and fractional CFO services to Minnesota businesses specializing in S-Corps and partnerships. We provide upfront estimates — if scope changes, we discuss it first. Schedule a free consultation.
Serena Do, CPA — Managing Partner of SDO CPA

Serena Do, CPA

Managing Partner | Duncanville, TX (Serving Minnesota Virtually)

18+ Years Experience | AICPA Member

Licensed CPA — Texas State Board of Public Accountancy

With 18+ years of experience helping business owners across the country, I bring specialized expertise to Minnesota’s Healthcare, Corporate Headquarters, Financial Services economy. Whether you’re managing complex corporate structures and high state income tax rates or capitalizing on Minnesota’s concentration of Fortune 500 headquarters and R&D tax credit opportunities, SDO CPA provides the virtual accounting support your business needs.

We offer cloud-based tax preparation, bookkeeping, payroll, and fractional CFO services designed for Minnesota business owners who want proactive guidance — not just annual tax filing.

Key Takeaways: Minnesota CPA Services

  • Virtual CPA services — Full tax, bookkeeping, and advisory support without geographic limitations
  • Minnesota tax expertise — Minnesota has a progressive state income tax (5.35% to 9.85%) requiring strategic planning and multi-state compliance
  • Industry focus — Specialized experience with Healthcare, Corporate Headquarters, Financial Services
  • Transparent pricing — Upfront estimates starting at $300/month; if scope changes, we discuss it first
  • Responsive support — Direct CPA access, same-day responses

Accounting & Tax Services in Minnesota

Minnesota is home to more Fortune 500 companies per capita than any other state, with 17 headquarters including UnitedHealth Group, Target, 3M, General Mills, and Best Buy. The state leads the nation in medical technology innovation, with companies like Medtronic pioneering the industry and the healthcare sector employing over 500,000 people statewide. Cargill, the largest privately held company in the United States, also calls Minnesota home.

Minnesota’s progressive income tax reaches 9.85% at the top bracket, making proactive tax planning essential for business owners. S-Corp owners must carefully analyze reasonable compensation to balance self-employment tax savings against state income tax exposure. The state also requires pass-through entity owners to file composite returns for nonresident partners, adding compliance complexity for multi-state operations along the Minneapolis-St. Paul metro corridor and beyond.

SDO CPA works with Minnesota business owners across healthcare, financial services, food manufacturing, and professional services to structure entities, optimize QBI deductions, and coordinate federal and state tax strategies. Whether your business operates from the Twin Cities metro, Rochester’s Mayo Clinic corridor, or Duluth’s port economy, we provide monthly bookkeeping and fractional CFO services scaled to your growth stage.

Minnesota Tax Planning Tip

Minnesota’s top individual income tax rate of 9.85% is among the highest in the nation. S-Corp owners should carefully calibrate reasonable compensation since every dollar of W-2 salary is subject to both federal payroll taxes and Minnesota income tax. Timing estimated tax payments, maximizing retirement contributions, and evaluating the pass-through entity tax election can reduce your effective state tax burden significantly.

Minnesota is home to over 540,000 small businesses and a population of 5,707,390. From Healthcare, Corporate Headquarters, Financial Services to professional services, Minnesota business owners need CPAs who understand complex corporate structures and high state income tax rates and can provide year-round tax planning — not just compliance.

CPA Services for Minnesota Businesses

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Business Tax Preparation

Federal and Minnesota business tax returns for LLCs, S-Corps, partnerships, and sole proprietors.
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Bookkeeping & Accounting

Monthly bookkeeping, bank reconciliation, and financial statements using QuickBooks or Xero.
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Payroll Services

Full-service payroll processing, tax deposits, and quarterly filings through Gusto integration.
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Tax Planning & Strategy

Proactive tax planning to minimize liability through entity selection, retirement contributions, and timing strategies.
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Fractional CFO

Cash flow forecasting, budgeting, and financial strategy for growing Minnesota businesses.
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S-Corp Tax Services

Reasonable compensation analysis, QBI optimization, and S-Corp election guidance for Minnesota business owners.

Common Challenges for Minnesota Business Owners

Challenge

Minnesota businesses often face complex corporate structures and high state income tax rates, making tax planning and cash flow management more complex than standard approaches allow.

Our Approach

We provide proactive tax planning and fractional CFO services tailored to Minnesota’s business environment, helping you handle complex corporate structures and high state income tax rates with confidence.

Challenge

Many Minnesota business owners struggle to get timely responses from their CPA, especially during busy seasons when questions are most urgent.

Our Approach

SDO CPA provides direct access to your CPA team with same-day response times. No call centers, no waiting weeks for answers.

Challenge

Tax preparation alone doesn’t help Minnesota business owners understand their financial position or make informed decisions throughout the year.

Our Approach

We deliver monthly financial reports with actionable insights, helping you understand cash flow, profitability, and tax liability before year-end.

“As a medical device company in the Twin Cities, we needed a CPA who understood R&D credits and healthcare industry accounting. SDO CPA delivered, helping us claim significant credits and keeping our books investor-ready.”
— Sarah K., Medical device company owner in Minnesota

How to Get Started With SDO CPA

1

Schedule Your Free Consultation

Book a call to discuss your Minnesota business, current financial setup, and goals.

2

Get Your Custom Proposal

Receive a clear proposal with upfront estimates — if scope changes, we discuss it first.

3

Seamless Onboarding

We connect to your QuickBooks or Xero and organize your books within 30 days.

4

Ongoing Partnership

Monthly reports, proactive tax planning, and year-round CPA access.

Why Minnesota Business Owners Choose SDO CPA

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Minnesota Tax Expertise

We understand Minnesota has a progressive state income tax (5.35% to 9.85%) requiring strategic planning and help Minnesota businesses maximize tax advantages while managing federal obligations and multi-state complexity.

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Transparent Pricing

Clear monthly estimates for standard services. We scope your needs upfront and communicate before any additional work. See our pricing.

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Cloud-Based & Virtual

Access your financials anywhere. We work with QuickBooks Online, Xero, Gusto, and Ramp to keep your Minnesota business running smoothly.

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S-Corp & Partnership Specialists

Our clients are pass-through entity owners. We handle reasonable compensation analysis, K-1 preparation, QBI optimization, and entity selection.

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Responsive Communication

Get answers when you need them. Our team responds within one business day, and you’ll have direct access to your CPA.

Frequently Asked Questions

How much does a CPA cost for a small business in Minnesota?
At SDO CPA, bookkeeping starts at $300-$500 per month for a single entity. Full-service packages including bookkeeping, tax planning, and advisory range from $1,000-$2,000 per month with upfront estimates — if scope changes, we discuss it first. View our pricing.
Can a virtual CPA serve my Minnesota business?
Yes. CPAs can prepare tax returns and provide accounting services for clients in any state. SDO CPA serves Minnesota businesses through secure cloud-based tools including QuickBooks Online, Gusto, and encrypted document sharing with the same quality as a local firm.
Do you specialize in Healthcare businesses?
Yes. Minnesota’s Healthcare sector has unique accounting needs including R&D tax credits for medical devices, physician compensation structures, and regulatory compliance requirements that we address with tailored solutions.
What is the difference between a bookkeeper and a CPA?
A bookkeeper records transactions and maintains financial records. A CPA is a state-licensed professional who can prepare and sign tax returns, provide tax planning advice, represent you before the IRS, and offer strategic financial guidance that bookkeepers cannot.
Can you help with Minnesota state income tax planning?
Absolutely. Minnesota has one of the highest state income tax rates in the country at up to 9.85%. We optimize your entity structure, time income and deductions strategically, and coordinate state and federal planning to minimize your overall burden.
Should my Minnesota business be an S-Corp or LLC?
It depends on your net income. Generally, businesses earning over $60,000 in net profit may save on self-employment taxes by electing S-Corp status. Use our S-Corp tax calculator to estimate savings, then schedule a consultation for personalized analysis.
How quickly does SDO CPA respond to questions?
We respond to all client inquiries within one business day. For urgent tax matters, we prioritize same-day responses. You’ll have direct access to your CPA — no call centers or gatekeepers.
What accounting software do you work with?
We work with QuickBooks Online, Xero, Gusto for payroll, and Ramp for expense management. We’ll recommend the best setup for your Minnesota business during your free consultation. Learn about our bookkeeping services.

Resources for Minnesota Business Owners

→ LLC vs. S-Corp: Tax Comparison → How Much Does a CPA Cost? → All SDO CPA Locations → S-Corp Tax Calculator → SDO CPA Pricing → S-Corp Reasonable Compensation Guide

Serving Businesses Across Minnesota

Minneapolis St. Paul Bloomington Duluth Rochester All Locations

SDO CPA provides virtual CPA services to businesses throughout Minnesota.

Ready to Work With a CPA Who Understands Minnesota Businesses?

Schedule your free consultation today. We’ll analyze your tax situation and provide an upfront estimate with no obligation.

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Licensing & Service Disclaimer: SDO CPA LLC is a Texas-licensed CPA firm serving clients in Minnesota under CPA practice mobility provisions. SDO CPA is not a Minnesota-licensed firm and does not hold a Minnesota firm permit. We do not maintain a physical office in Minnesota — all services are delivered remotely via secure video, phone, and digital collaboration tools. We will not perform attest services (audits, reviews, or compilations) for Minnesota entities. Services requiring CPA licensure are performed by Texas-licensed CPAs. Per Texas State Board of Public Accountancy regulations (22 TAC §501.82).