Key Takeaways from Froehling Anderson’s October BOSS Event

On October 28, 2025, Froehling Anderson co-hosted another successful BOSS (Business Owner Seminar Series) event, alongside co-sponsors; Highland Bank, Segal, Duffek, and Moen, and CAISSA Wealth Strategies. These events bring together business owners, finance leaders and advisors from across Minnesota. This session focused on one of the most talked-about legislative updates of the year — the One Big Beautiful Bill (OBBBA) — and what it means for businesses heading into 2026.

After an afternoon of networking and refreshments, attendees joined Steve Wagner, retired partner from Froehling Anderson, for an in-depth discussion on how the new tax laws impact planning, compliance and long-term growth. With over 35 years of experience and national recognition as an AICPA Outstanding Discussion Leader, Steve broke down complex updates into actionable insights for business owners and financial professionals alike.

During his presentation, Steve explored several key areas of change under OBBBA and how they may shape strategic tax planning for the coming years:

• Permanent Tax Provisions: Understanding which temporary measures have now been made permanent and how they could impact organizational tax strategies going forward.
• New Deductions and Credits: Identifying opportunities to reduce taxable income through recently introduced deductions and incentive programs.
• Phaseout of Energy Credits: Reviewing the phaseout timeline and its implications for businesses investing in renewable energy or sustainability projects.
• Strategic Planning Implications: Aligning financial, operational, and compliance strategies to stay ahead of regulatory changes.

As Steve emphasized, staying proactive is essential in an evolving tax landscape. The One Big Beautiful Bill introduces both opportunities and challenges for Minnesota businesses — from optimizing deductions to rethinking capital investments and entity structures. Understanding these provisions early allows organizations to build flexibility and resilience into their 2026 planning.

For business owners, CFOs, and financial leaders working with Froehling Anderson’s Minneapolis and St. Cloud, Minnesota based team, these insights will help ensure tax strategies remain efficient, compliant and forward-looking.

Couldn’t attend this session? We always stay up to date on tax laws and any changes on the horizon, so you can sleep in peace at night!

We’ve also created a free resource just for you – The Tax Effective Dates Guide.

To stay informed about upcoming BOSS events and business tax updates, follow Froehling Anderson on LinkedIn or visit our website for upcoming events, blogs, and resources.