Tax & Accounting Blog
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Minnesota Paid Family & Medical Leave (PFML): Reduced Rates for Small Employers Starting in 2026
In this installment on the upcoming MN Paid Family and Medical Leave Act, which goes into effect in January 2026, we’d like to discuss the small business assistance option in the law.
Minnesota Paid Family & Medical Leave (PFML): What Employers Need to Know About Taxes
Minnesota’s Paid Family & Medical Leave (PFML) program is bringing significant changes for employers and employees alike. At Smith Schafer, we are committed to helping Minnesota businesses stay informed and prepared. This article is part of our ongoing series on...
The OBBBA: Key Changes to Charitable Contribution Deductions
The One Big Beautiful Bill Act (OBBBA) introduces three major changes to charitable contribution deductions beginning with the 2026 tax year. Taxpayers should be aware of these updates as they plan future giving strategies.
What Entity Should You Choose for Your Business?
One of the most important decisions when starting a business is choosing the right legal structure. Your choice will affect how you run your business, engage in transactions, protect yourself from liability, and manage taxes.