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. Our Industry Expert Group, comprised of numerous professionals, is committed to serving over 285 Minnesota Professional Service Firms. 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

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Accounting Services

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Tax Planning

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Mergers & Acquisitions

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Succession Planning

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Cash Flow Management

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Audit & Review of Financial Statements

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Accounting Software Consulting

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401(k) and 403(b) Plan Audits

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Bookkeeping & Payroll

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Business Valuation

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Projections & Financial Analysis

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Technology Consulting

Industry Involvement

Why Professional Service Clients Choose Us

Have been impressed with the entire operation…whether calling or in person.

 – Tom Illies Insurance Agency

“Greg Epsom is easy to work with and always responds in a helpful manner in a short amount of time and he is very professional and accessible.

 – Ohly Law Office

“Jason Miller and Meha Patel always do a great job!

 – Learning Masters

“Very satisfied with the professionalism and timeliness of the services provided to me.

 – Loucks & Associates

Let’s start the conversation. 
Contact us today to schedule a consultation with one of our industry experts.

Professional Service Firm Industry Resources

Alternative Minimum Tax Calculations

Alternative Minimum Tax Calculations

Reading Time: 4 minutes 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.

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