Red Wing Audit
Whether an audit or review is for a regulatory requirement, lending needs, or required as a part of shareholder ownership by-laws, we have processes in place to assist you.
OUR CLIENT SERVICE – A PROVEN APPROACH
At Smith Schafer, client confidence is our service standard. Our detail-oriented auditors provide results that meet the demands of boards, government agencies, banks, nonprofit compliance and much more. Our efficient and respectful style ensures the least disruption to operations and staff, while our seasoned presentation skills make sure everyone is on the same page and prepared to make lasting improvements.
Our audit team’s deep experience reduces client staff time and expense. Many clients see us as part of their team because we listen carefully to their goals and look for ways to help them achieve their goals throughout the year. We do not wait for clients to call with a problem; we stay involved to help them avoid problems.
Our Red Wing clients confirm that our service approach sets us apart from other local CPA firms. We are committed to:
- Enhancing our understanding of your specific business and operations.
- Meeting with you at regular intervals.
- Being available to you throughout the year. We encourage you to reach out whenever you have questions, and additional fees WILL NOT be charged unless significant research is involved.
- Keeping you abreast of industry and technical information.
- Timely delivery of services.
Red Wing Audit Services:
Reviews & Compilations
Qualified Benefit Plan Audits
Agreed Upon Procedures
Transactional Due Diligence
Internal Control Assessments
We know your industry:
Many clients see us as part of their team because we listen carefully to their goals and look for ways to help them achieve their goals throughout the year. We do not wait for clients to call with a problem; we stay involved to help them avoid problems.
document Organization for Your 401k Plan Audit
s discussed in part two of our 401k blog series, one of the purposes of a retirement plan audit is to ensure the plan operates in compliance with both plan documents and IRS and DOL regulations. To do this, your auditor will request access to several documents. Some will be plan-specific documents, while others will be HR and related documents.
401k Plan Audit: Form 5500 and Audit Financial Statements
Your business is growing, and so is your 401k plan. But when a plan reaches a specific size, it must be audited by an independent accounting firm.
401K PLAN AUDIT: Operational Compliance
Preparing for a 401k plan audit can be tedious, but you can help prepare for a successful audit with the proper knowledge and tools. In this installment, we will discuss the operational compliance of a 401k plan.
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Our client satisfaction is exceptional, as demonstrated by our 96.4% satisfaction rate.
Why Clients Choose Us
“We have worked with Smith Schafer for over 45 years. They have been great to work with, from wonderful administrative support, tax staff, and CPAs. They have supported us for years with our financials and mergers/acquisitions. Always there to help!”
- Washburn McReavy Funeral Chapels
“Our service is always exceptional and never have to second guess the answers.”
- EnergyPrint, Inc.
“Smith Schafer has provided second to none service and value to my business and personal accounts for over 30 years. Their expertise and knowledge are unmatched by any other accounting firm I have encountered over all these years.”
“The relationship we have built over the years with the staff at Smith Schafer & Associates is one that can never be replaced. They are quick with helping us figure anything out, always willing to pick up the phone and walk us through any problem we are having. Also they are just all so friendly and kind!”
“I have worked with Jason Boynton for several years. He has consistently provided exceptional service and advice always delivered in a timely, pleasant manner.”
“Smith Schafer always makes everything go smoothly. They were recommended to us by our community bank. We have been using their services for many years for our small business and personal taxes. We always feel well taken care of and that we are receiving the best advice, direction, information and tax preparation."
- The Dog Perk Corporation
“Smith Schafer always provides great information for our business. They are thorough with our accounting and financial planning. We have leaned heavily on them with an interpretation of the PPP Loan and COVID-19 planning. They have been instrumental in our success and are always very knowledgeable and quick to respond to any of our questions."
“Smith Schafer has provided second to none service and value to my business and personal accounts for over 30 years. Their expertise and knowledge are unmatched by any other accounting firm I have encountered over all these years."
“The relationship we have built over the years with the staff at Smith Schafer is one that can never be replaced. They are quick with helping us figure anything out, always willing to pick up the phone and walk us through any problem we are having. Also they are just all so friendly and kind!"
“We love our CPA team at Smith Schafer. They have helped us navigate many personal and business decisions."
“Smith Schafer is very dedicated to their clients and always has their best interests in mind. They are very knowledgeable and thinking ahead to what the clients may be needing in the future. We would highly recommend Smith Schafer to our family and friends."
"Always fast, great service and questions answered. Love the people I work with at Smith Schafer. We've been there so long, it's like working with family."
- MotoProz, Inc.
"Smith Schafer is always responsive and in the know about what is important for me and my business. The team is responsive and professional with all my interactions. Very customer-focused."
- Custom Communication
"The people at Smith Schafer always take great care of me. They are so knowledgeable and provide great advice and support."
- Sound and Media Solutions, Inc.