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

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

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

Is your construction company required to undergo an employee benefit plan audit?