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

Minnesota Voluntary Disclosure Program

Most of the latest news surrounding taxes has focused on the Tax Cuts and Jobs Act of 2017, commonly known as tax reform.

Alternative Minimum Tax Calculations

The alternative minimum tax (AMT) was enacted back in 1969 to ensure high-income individuals do not take advantage of multiple tax breaks and avoid paying federal tax.

Tax Reform Impact Hospitality Companies

The tax reform bill signed at the end of last year brought significant changes for many businesses and individuals, including an overall cut in tax rates.