Tax & Accounting Blog
Read our blog to stay in-tune with current business trends, tax news and industry updates. Click to explore topics and subscribe to have timely information delivered to your inbox.
Smith Schafer Earns ClearlyRated’s 2020 Best of Accounting Award for Client Service Excellence
Smith Schafer is excited to announce we are one of 40 firms across the country recognized with ClearlyRated’s 2020 Best of Accounting Award for providing superior service. Best of Accounting Award winners have proven themselves as industry leaders in service quality based entirely on ratings provided by their clients.
Minnesota Small Business Relief Grant Application
The Minnesota Legislature passed the Small Business Relief Grants Program. The program approved approximately $62 million for grants to Minnesota small businesses that have been impacted by the pandemic.
Minnesota Sales & Use Tax Accelerated – June Payment
Reminder – Taxpayers who have a Sales and Use Tax liability in excess of $250,000 in the state’s prior fiscal year (July 1 to June 30), are required to make an accelerated payment of the expected June sales tax liability.
PPP: New Interim Final Rules and Forgiveness Applications
The SBA and Treasury have released new Paycheck Protection Program guidance and forgiveness applications. This new material addresses changes brought by the Paycheck Protection Program Flexibility Act, including those to PPP loan maturity, deferral, and forgiveness.