Smith Schafer & Associates is a "Minnesota Top 25" accounting and business consulting firm offering a thoughtful advisory relationship to business and individual clients.
Recent Posts
New Limit on Deductions for Business Interest Expense
10/18/2018
The Tax Cuts and Jobs Act (TCJA) imposes a new limitation on deductions for business interest expense. This is a permanent change for tax years beginning in 2018 and beyond. Will your business be affected? Understanding Local Sales Tax for your Minnesota Hospitality Business
10/16/2018
As a general rule, local sales tax should be charged to customers on all sales made in a local taxing area. Construction Industry: What you Need to Know About Employee Benefit Plan Audits
10/11/2018
Is your construction company required to undergo an employee benefit plan audit? Industry Spotlight
What's driving your business? It should be efficiency, employee retention and profit, but too often it is competition, revolving training and cash flow. You should have an advisor on your side to take a tax efficient, customer-centric approach to managing the top and bottom line and everything in between.
Principal Spotlight
Kim Mahanna, CPA
Tax Principal | Twin Cities Office
Kim sees himself as a resource and ideas guy. Clients call for advice and direction on all sorts of business issues. Part of his job is to keep throwing ideas onto the table for discussion with his clients. Some get scrapped but others become valuable, cost saving, revenue generating, or risk and exposure limiting opportunities.