Smith Schafer & Associates, Ltd., is proud to announce the promotion of Adam Kellerhals, Sammie Engelmann and Tim Jewell to Principals effective September 1, 2020.
Smith Schafer 2020 Principal Promotions
read more
Smith Schafer
CARES Act: Qualified Improvement Property Eligible for Depreciation
Qualified Improvement Property (QIP) is now a 15-year, bonus depreciation eligible property, after the CARES Act provided a technical correction from Tax Reform in December 2017.
A Day in the Life: Audit Principal, Jason C. Miller, CPA
Get to know Smith Schafer’s audit principal, Jason Miller.
Payroll Tax Deferral Memorandum – What Do We Do Now?
On August 8, 2020, President Trump issued an executive order and three memoranda providing or extending COVID-19 relief to individuals and organizations.
Manufacturing Companies: Fight Back Against Internal Fraud
Internal fraud drains more than $3.7 trillion dollars annually from global businesses, according to the Association of Certified Fraud Examiners (ACFE). According to ACFE’s latest Report to the Nations, the median internal fraud loss in manufacturing and production companies is $194,000.
199A Deduction for Rental Real Estate Safe Harbor
The Internal Revenue Code Section 199A Qualified Business Income (QBI) Deduction allows a deduction equal to 20% of business income for owners of pass-through entities.