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Minnesota: How to Find the Best CPA for Tax Savings

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Why CPAs in Minnesota are better online

If you use a CPA for expert tax advice and to help prepare your taxes, you're probably used to searching your home office for all your receipts and tax records and dragging yourself across town to a brick and mortar CPA's office. If you've kept good records like spreadsheets and other recorded data, your CPA would spend several hours (also if you're lucky) going over everything with you. Then you would emerge into the daylight with a big bill for your CPA's services, and the CPA would file your taxes. You would spend the next couple weeks hoping that you would get a refund that would be at least enough to cover the CPA's bill. But times have changed, and it doesn't have to be that way anymore. Thanks to digital technology and just about everything being done online, you can find tax services in Minnesota online and have an even better experience with an expert who is well-versed in Minnesota CPA services. This is probably no surprise, since we can now order just about anything on the internet, talk to our loved ones 1,000 miles away, and start a small business online with almost no start-up cash. But it may not yet be common knowledge that you don't have to keep records manually using spreadsheets or keep your receipts for every single business purchase. In fact, there's an app that uses a powerful A.I. to track your expenses and catch every possible tax write-off. When tax time comes, all of your information is stored in the app, so there's no need to keep records manually. FlyFin's CPA team has your back with unlimited tax advice in the app, instead of costly consultations with CPA firms in Minnesota. Their 100+ combined years of tax knowledge on the system in Minnesota is combined with CPA services in Minnesota that pertain to the needs of self-employed individuals of all types, plus knowledge about LLCs, S-Corporations, sole proprietorships and other business structures.

Facts and figures about
taxes in Minnesota

11,204

CPAs across the state

minnesota
population

5,706,494

Residents as of 2022

population

329,930

People claiming self- employment tax deductions

population

179,580

S-Corps statewide

population

277,280

People taking itemized deductions

population

465,050

People claiming the QBI deduction

😵‍💫 Smart CPAs are accessible and affordable, but there's only 1 Minnesota CPA for every 300 residents.

😓 19 million taxpayers filed late last year. Smart CPAs can help taxpayers be prepared.

😨 Smart CPAs can help the 30 million Americans who miss tax deductions each year.

😣 Smart CPAs can put an end to the overpaying on taxes that half of Americans do every year.

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How to set up an LLC in Minnesota

Minnesota State Income Tax Rates & Brackets for 2023

The following tables represents Minnesota's income tax rates and tax brackets:

SINGLE FILER

Brackets

Rates

$0 - $28,080

5.35%

$28,080 - $92,230

6.80%

$92,230 - $ 1,71,220

7.85%

$ 1,71,220+

9.85%

MARRIED FILING JOINTLY

Brackets

Rates

$0 - $41,050

5.35%

$41,050 - $ 1,63,060

6.80%

$ 1,63,060 - $ 2,84,810

7.85%

$ 2,84,810+

9.85%

Filing Status

Standard Deduction Amt.

Single

$12,900

Couple

$19,350

Minnesota State Sales Tax Rates for 2023

County

Tax Rate

Aitkin County

8.38%

Anoka County

7.38%

Becker County

7.88%

Beltrami County

7.88%

Benton County

7.88%

Big Stone County

6.88%

Blue Earth County

7.88%

Brown County

7.88%

Carlton County

7.88%

Carver County

7.53%

Cass County

8.88%

Chippewa County

7.38%

Chisago County

7.38%

Clay County

7.38%

Clearwater County

7.38%

Cook County

8.38%

Cottonwood County

6.88%

Crow Wing County

8.38%

Dakota County

7.63%

Dodge County

7.38%

Douglas County

7.38%

Faribault County

7.38%

Fillmore County

7.88%

Freeborn County

7.88%

Goodhue County

7.38%

Grant County

7.38%

Hennepin County

8.03%

Houston County

7.38%

Hubbard County

8.88%

Isanti County

7.88%

Itasca County

7.38%

Jackson County

7.38%

Kanabec County

7.38%

Kandiyohi County

7.88%

Kittson County

7.38%

Koochiching County

8.38%

Lac Qui Parle County

6.88%

Lake County

8.38%

Lake Of The Woods County

7.38%

Le Sueur County

7.88%

Lincoln County

6.88%

Lyon County

7.38%

Mahnomen County

7.38%

Marshall County

7.13%

Martin County

7.38%

Mcleod County

7.88%

Meeker County

7.38%

Mille Lacs County

8.38%

Morrison County

7.38%

Mower County

7.88%

Murray County

7.38%

Nicollet County

7.88%

Nobles County

7.88%

Norman County

7.38%

Olmsted County

8.13%

Otter Tail County

7.88%

Pennington County

7.13%

Pine County

7.38%

Pipestone County

7.38%

Polk County

7.38%

Pope County

7.38%

Ramsey County

8.03%

Red Lake County

7.13%

Redwood County

7.38%

Renville County

7.38%

Rice County

7.38%

Rock County

7.38%

Roseau County

7.38%

Scott County

7.38%

Sherburne County

7.88%

Sibley County

7.38%

St Louis County

8.88%

Stearns County

7.88%

Steele County

7.88%

Stevens County

6.88%

Swift County

7.38%

Todd County

7.38%

Traverse County

6.88%

Wabasha County

7.38%

Wadena County

7.38%

Waseca County

7.38%

Washington County

7.38%

Watonwan County

7.38%

Wilkin County

7.38%

Winona County

7.38%

Wright County

7.78%

Yellow Medicine County

7.38%

Minnesota State IRS Statistics of Income for 2020

Size of adjusted gross income

Item
(All amounts are in 1000s of dollars)

Number of returns

Number of single returns

Number of joint returns

Number of head of household returns

Number of individuals

Adjusted gross income (AGI)

Total income: Number

Amount

Salaries and wages in AGI: Number

Amount

Business or profession net income (less loss): Number

Amount

Partnership/S-corp net income (less loss): Number

Amount

Self-employed health insurance deduction: Number

Amount

Student loan interest deduction: Number

Amount

Charitable contributions if took standard deduction: Number

Amount

Total itemized deductions: Number

Amount

State and local income taxes: Number

Amount

State and local general sales taxes: Number

Amount

Qualified business income deduction: Number

Amount

Child and dependent care credit: Number

Amount

Child and other dependent tax credit: Number

Amount

Self-employment tax: Number

Amount

Earned income credit: Number

Amount

Refundable education credit: Number

Amount

Recovery rebate credit: Number

Amount

Total tax liability: Number

Amount

Total additional Medicare tax: Number

Amount

Net investment income tax: Number

Amount

Tax due at time of filing: Number

Amount

Total overpayments: Number

Amount

All returns

2,890,450

1,500,240

1,070,950

269,610

5,271,750

230,020,286

2,849,120

232,983,605

2,354,570

158,544,274

406,070

5,582,057

179,580

14,396,512

87,370

694,872

276,750

206,005

878,050

223,994

277,280

9,504,039

255,020

4,399,367

19,590

30,205

465,050

3,695,280

127,260

64,436

681,330

1,738,791

329,930

1,108,584

308,970

631,326

116,050

105,546

483,850

670,620

2,197,700

30,817,541

90,000

165,633

97,610

365,965

642,560

3,548,307

2,135,290

6,825,559

Under $1

69,970

51,230

13,260

4,110

97,320

0

28,660

0

11,060

410,668

10,730

0

7,060

0

2,620

18,480

1,710

1,555

11,990

3,006

0

0

0

0

0

0

0

0

0

0

20

26

4,590

13,048

4,990

6,846

1,330

1,209

33,090

47,943

5,230

15,149

250

370

0

0

2,720

6,997

45,980

144,370

$1 under $10,000

337,120

295,980

22,820

15,170

282,030

1,624,033

337,100

1,682,641

237,670

1,276,006

37,250

87,609

3,810

0

3,070

9,816

5,790

4,074

41,700

9,065

3,080

80,664

1,090

4,404

1,590

881

1,060

157

0

0

60

24

30,260

19,352

73,690

68,242

11,570

10,180

68,150

100,962

41,160

22,339

0

0

0

0

21,070

9,258

255,110

273,562

$10,000 under $25,000

431,080

325,400

48,720

50,810

558,750

7,461,503

431,080

7,595,540

327,530

4,898,009

58,900

403,549

8,530

0

6,820

23,039

20,020

14,043

84,030

19,979

8,310

216,971

3,930

10,120

3,710

2,665

31,560

20,939

3,080

979

31,140

12,391

49,490

75,444

103,120

278,718

24,780

21,224

90,760

139,732

250,050

204,250

30

14

0

0

45,610

42,732

364,080

836,283

$25,000 under $50,000

667,350

427,470

114,280

109,850

1,077,410

24,693,234

667,350

25,014,472

570,280

18,698,007

74,820

691,526

16,620

59,995

12,910

53,550

74,950

54,147

160,700

39,226

22,390

552,113

17,320

42,985

4,490

5,200

76,420

114,314

18,290

9,795

156,430

222,924

59,090

140,008

121,490

274,292

24,450

20,582

92,460

129,594

552,940

1,346,833

70

130

0

0

109,480

139,487

552,870

1,389,386

$50,000 under $75,000

440,290

231,970

145,980

50,330

799,490

27,085,512

440,290

27,424,067

375,960

20,331,327

56,280

624,232

18,790

159,538

11,300

60,821

65,490

49,827

146,020

37,107

41,820

936,216

38,680

136,951

2,790

4,403

71,360

163,102

14,530

7,438

113,240

285,765

44,570

130,791

5,680

3,228

13,120

12,038

60,310

76,113

413,000

2,096,315

60

55

20

8

101,550

192,094

337,430

852,681

$75,000 under $100,000

291,180

89,430

175,910

20,500

651,480

25,266,321

291,180

25,558,909

248,500

18,339,149

45,730

583,879

18,900

233,040

9,450

61,521

38,150

27,406

120,000

31,396

41,990

996,527

40,220

195,597

1,560

2,972

62,290

181,263

18,260

10,013

95,770

296,383

36,400

119,042

0

0

11,380

10,765

48,800

51,095

284,070

2,195,958

70

54

0

0

80,830

198,776

209,650

630,096

$100,000 under $200,000

479,770

64,150

395,430

15,200

1,290,890

65,265,596

479,770

66,038,939

425,650

49,201,087

84,970

1,479,687

52,310

1,340,527

20,450

176,938

70,640

54,953

239,530

63,770

85,840

2,537,135

83,140

691,069

2,410

5,783

134,450

636,679

52,700

26,914

212,560

687,812

68,930

295,181

0

0

29,420

29,548

88,140

124,222

477,610

7,292,088

4,090

1,227

1,280

367

185,930

730,361

292,690

1,144,596

$200,000 under $500,000

143,510

11,660

128,220

2,940

425,380

40,718,395

143,510

41,321,253

131,210

28,973,949

29,870

1,225,218

36,810

3,135,584

13,670

173,923

0

0

65,470

18,020

54,790

2,077,217

52,580

1,083,828

2,090

5,457

67,730

795,558

18,010

8,112

71,850

233,085

27,710

200,321

0

0

0

0

2,160

959

143,450

6,919,153

64,630

48,704

69,450

65,558

79,300

866,916

63,570

568,636

$500,000 under $1,000,000

21,120

2,030

18,470

500

63,070

14,221,792

21,120

14,448,069

18,850

8,349,025

5,160

368,013

10,370

2,653,343

4,140

65,532

0

0

6,610

1,861

12,610

704,897

11,850

688,288

720

2,052

13,220

382,943

1,930

933

250

381

5,810

60,959

0

0

0

0

0

0

21,120

3,439,552

14,870

48,991

18,510

64,865

11,720

491,023

9,270

275,954

$1,000,000 or more

9,070

930

7,850

210

25,940

27,133,760

9,070

27,297,822

7,870

8,067,047

2,360

309,040

6,380

8,104,482

2,960

51,252

0

0

2,010

564

6,470

1,402,299

6,210

1,546,125

240

792

6,970

1,400,325

450

252

0

0

3,100

54,438

0

0

0

0

0

0

9,060

7,285,904

5,940

66,088

8,360

235,167

4,350

870,663

4,640

709,995

Frequently Asked Questions

How does Minnesota tax filing work online?

Exactly what is a Minnesota CPA?

What does an online Minnesota Certified Public Accountant do?

How does a FlyFin Smart CPAs work online?

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How do FlyFin CPAs save freelance taxpayers time and money?

Unlike employees, who have taxes automatically deducted from their paychecks, freelancers, sole proprietors, gig workers and independent contractors have to be responsible for everything tax-related. FlyFin was designed to meet all of their unique tax needs in one place. The A.I.-powered tax app automatically tracks business expenses to find every write-off and lets taxpayers of all kinds file their taxes. FlyFin CPAs answer any tax question at no cost and take 95% of the effort of doing taxes out of taxpayers' hands by filing 100%-accurate state and federal tax returns and saving taxpayers $3,500 on average.
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