Professional Service Firms
We understand the professional services industry since we are part of it ourselves.
Minnesota Professional Service Firm Accounting experts.
Professional service firms are looking to maximize profits, improve cash flow and build businesses with high value to support eventual sale or succession. We have a solid history of developing strategies to achieve these desired results. Our tax experts work with a wide variety of professional service firms to make sure they thoughtfully plan ways to minimize taxes and maximize the bottom line.
Our EXPERIENCE.
Smith Schafer has provided consulting to firm partners throughout Minnesota since 1971. Some of our clients have less than 10 professionals, while others have several offices around the country with hundreds of attorneys and staff. Our extensive services enable us to move beyond tax and compliance to provide the advice you need to achieve your business goals.
specialized professional service firm industry services
Accounting Services
Tax Planning
Mergers & Acquisitions
Succession Planning
Cash Flow Management
Audit & Review of Financial Statements
Accounting Software Consulting
401(k) and 403(b) Plan Audits
Bookkeeping & Payroll
Business Valuation
Projections & Financial Analysis
Technology Consulting
Industry Involvement
Actively involved in the industry we serve, we are proud members of:
Let’s start the conversation.
Contact us today to schedule a consultation with one of our industry experts.
Professional Service Firm Industry Resources
Tax Reform – Standard Deduction Changes
The new tax reform law is the most significant tax legislation in decades.
read moreAlternative Minimum Tax Calculations
The alternative minimum tax (AMT) was enacted back in 1969 to ensure high-income individuals do not take advantage of multiple tax breaks and avoid paying federal tax.
read moreYear-End Planning: Charitable Donations
Some surveys indicate that more than 30% of all charitable giving occurs in December, and that over 10% of donations are made in the last three days of the year.
read moreSTAY IN-TUNE WITH CURRENT BUSINESS, INDUSTRY, ACCOUNTING AND TAX NEWS.