Financial Services Companies
Accounting for Minnesota Financial Services Companies.
The aging population and rising investor uncertainty will boost demand for financial industry services, but these companies operate in a heavily regulated environment that is experiencing unprecedented change.
Smith Schafer has provided expert advice and consulting to financial services companies for more than 45 years. Our Industry Expert Group is committed to serving over 350 Minnesota Professional Service Firms.
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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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