We are an award-winning certified public accounting & consulting firm.
Smith Schafer is one of 55 firms across the country recognized as a Best of Accounting, indicating we provide an exceptionally high level of service. We received a 9.5/10 satisfaction rating from our clients!
Hi there, we are Smith Schafer!
We are mostly known for helping local businesses grow with accounting and consulting solutions. People often refer to us as a helpful business advisor. We provide proactive solutions, deep expertise, and personal relationships, allowing you more time to work on growing your business.
As an award-winning CPA firm, we have been featured on Forbes Top Tax Firm list, awarded Best of Accounting Client Satisfaction by ClearlyRated, and named a Top 175 Workplace in Minnesota by the Star Tribune.
Our Client Survey Results
- Net Promoter Score 86%
Average NPS score in the accounting industry – 39%
- Understanding of Client Needs 95%
- Delivers High-quality, Error-free Work 92%
Smith Schafer received satisfaction scores of 9 or 10 out of 10 from 89.3% of their clients, which is significantly higher than the 2022 industry’s average of 50%.
Here Are 5 Things You May Not Know About Us:

We Give Back
Giving back to our communities is important to us. Every year, we organize multiple team volunteer events, such as bagging food at Channel One, raking leaves with Hammer Residents, and adopting a nearby park to help clean.

We're Paperless
Smith Schafer is striving to be a paperless firm, and we try our best to prepare everything electronically. We offer a secure online portal to clients to facilitate the exchange of financial information and documents.

We help educate
We believe in providing a continuous learning environment for all of our clients. We send high-level content to our clients and email list groups. We also host several free events and webinars throughout the year to help educate our clients on current business topics.

We have strong roots
Our roots go all the way back to 1971. Richard Smith co-founded the company in Rochester, MN. Within five years, Al Schafer joined the practice and renamed the firm Smith Schafer and Company, not knowing that this six-person accounting firm would become one of the largest public accounting firms in Minnesota, with three locations and approximately 100 employees.

We're connected
From our local roots to our global connection, our active involvement with peers ensures our clients receive a large firm's resources but have the relationship experience with a small firm. Smith Schafer is a member of PrimeGlobal, the third largest association of independent accounting firms in the world, giving us access to a wide range of specialists with accounting and tax experience.
Still here? Let’s connect!
Our Company Timeline
Quick Facts
Established
1971 in Rochester, Minn.
Office Locations
Rochester, Minneapolis & Red Wing, Minnesota
Staff
Today, with approximately 100 professionals, we have become one of the fastest-growing CPA firms in the United States.
Leadership
22 principals
Client Industries
Construction/Real Estate, Professional Service Firms, Retail, Manufacturing, Transportation, Government & Nonprofit.
Focus
Provide high-quality, timely and value-added services to our clients.
A Year in Review
Our Team Client Loyalty Program
Smith Schafer strives to show our appreciation and dedication year-round to our clients.
“When it comes to client relationships, Smith Schafer’s belief has always been, shop with clients who do business with us,” Managing Principal, Steve Erchul, stated.
To encourage our employees to honor this motto, we created our Client Loyalty Program. The purpose of the program is to actively encourage our team to purchase goods and services from clients and to reward them for doing so. Staff members submit their receipts in order to receive an entry into a prize drawing. The more times they choose to shop with our clients, the more times they are entered into the drawing. One winner is chosen every quarter and receives a gift card.
We are excited to report, in 2021, we spent over $1,420,542 with our clients!
Awards & Recognitions
Smith Schafer is consistently recognized as a leading CPA firm in Minnesota. We continue to grow each year, and this recognition demonstrates the loyalty and commitment of our team members and clients. Click here to learn more about our Community Commitment.