Transportation

Transportation has been a key practice area of ours since 1971.

Minnesota Transportation Accounting Services.

What’s driving your business?

It should be efficiency, employee retention and profit, but too often it is competition, revolving training and cash flow. You should have an advisor on your side to take a tax efficient, proactive approach to managing the top and bottom line and everything in between.

Whether it’s negotiating fuel surcharges or dealing with leasing sales tax and fleet maintenance, Smith Schafer has the experience and understanding of the transportation industry to make a lasting positive difference in your future success. Our Transportation Group, comprised of numerous professionals, is committed to serving over 110 Minnesota transportation entities.

specialized transportation industry services

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Financial Statement Preparation & Review

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Accounting Services

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Cost Segregation Studies

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Proactice Tax Planning

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Entity Structuring

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Employee Benefits Consulting

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Bookkeeping & Payroll

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Business Succession Planning

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Estate & Succession Planning

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IRS/State Tax Representation

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Multistate Tax Consulting

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State and Local Income/Sales Tax

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Risk Assessments & Internal Controls Review

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Projections and Other Financial Analysis

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Health Reform Advisory

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Budgeting & Cash Flow Analysis

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Technology Consulting

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Wealth Management

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Insurance Coverage Analysis

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Audit & Attest

4 TAX ITEMS IMPACTING THE

TRANSPORTATION INDUSTRY IN 2020

Watch this short 6-minute video of Kim Mahanna, transportation team leader, has he discusses the main items affecting the transportation industry in the 2020.

  • Overview of Tax Reform
  • Minnesota Conformity
  • Depreciation
  • Qualified Business Deduction

INDUSTRY INVOLVEMENT

Smith Schafer professionals have serviced and made a strong commitment the transportation industry since 1971. This includes membership and community involvement in a number of associations including:

Why Transportation Clients Choose Us

“Great customer service – always!

 – Baser Freight

“I have worked with Smith Schafer directly and indirectly since 1979. I’ve always felt comfortable and confident in the work they do. Smith Schafer knows the law, the regulations and the rules that support our business.

 – Minnesota Coaches

Partner with an experienced team of CPAs to help you create saving opportunities both now and in the future.  
Contact us today to schedule a consultation about your Transportation business. 

Transportation Industry Resources

How Covid-19 is Effecting the Transportation Industry

How Covid-19 is Effecting the Transportation Industry

Reading Time: 3 minutes The transportation industry is feeling the impact of the COVID-19 crisis in a variety of ways. To assist transportation companies during this uncertain time, the Smith Schafer Transportation Experts are providing a list of the top questions we hear from the industry.

read more

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