Engineering Firms
Smith Schafer has been committed to helping Engineering firms for over 45 years.
Our Minnesota engineering clients are looking to maximize profits, improve cash flow and build a firm with high value to support eventual sale or succession.
Smith Schafer will help you navigate the changes in tax law and provide proactive advice so you can focus on your business.
Our Engineering Expert Group, comprised of numerous professionals, is committed to serving Minnesota engineering entities.
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Professional Service Firm Industry Resources
Payroll Tax Credits & PPP Loan Guidance
Reading Time: 4 minutes In the last three weeks, two major pieces of stimulus legislation have been signed into law. Both acts provide opportunities for small businesses, but also require additional tracking for proper reporting.
Federal and Minnesota Tax Deadlines Extended
Reading Time: < 1 minute Treasury Secretary Mnuchin announced on Friday, March 20th that the federal tax deadline will be extended until July 15th, 2020 and Minnesota Governor Walz announced that the State of Minnesota will follow suit with income tax filings and income tax payments due July 15th.
Tax Implications Related to COVID-19
Reading Time: 3 minutes There are several federal and state tax law changes related to the Coronavirus/COVID-19 and there are new developments seemingly every day. Three recent changes, that may affect your tax situation, are explained in this article.
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