Rochester Tax Planning
With tax reform and the COVID-19 pandemic, tax planning has been more complicated than usual. At Smith Schafer’s Rochester office, we work with business owners to create a tax plan so you can achieve your financial goals.
There is a lot at stake when it comes to tax.
Our Rochester office experts can evaluate your situation, and recommend the best approach to lower tax liability, maximize savings from allowable deductions and take advantage of available tax credits so you can focus on growing your business.
Our Experience
Smith Schafer was founded in Rochester, MN, in 1971. We have over 50 years of tax expertise, and our experts can help you take advantage of the many tax-saving opportunities available. Our recommendations consider your short-term burdens and long-term goals and are designed to enhance your business profitability.
Business Tax Services:
We provide comprehensive services that guide clients through the tax planning process.
- Business Tax Filing & Compliance
- Tax Planning & Projections
- Tax Credit Analysis & Preparation
- Cost Segregation Studies
- Corporate Structuring & Restructuring
- Choice of Entity Planning
- Estate Planning
- IRS/State Tax Representation
- Merger & Acquisition
- State & Local Tax – Nexus Studies
Our Rochester professionals can provide effective tax strategies, coordinated and executed based on your unique situation.
Business Tax Resources
IRS Standard Mileage Rates for 2023
Buckle up – the standard mileage rates for deducting the costs of operating an automobile for business purposes have increased for 2023.
Advantages & Disadvantages of S Corporations
Whether you are setting up a new company or you have been in business for years, you need to evaluate which legal structure is best for your enterprise.
SECURE Act 2.0 – Provisions Impacting Employers
The SECURE Act 2.0 was signed into law by President Biden on December 29, 2022. Included as part of the Consolidated Appropriations Act of 2023, it provides additional retirement savings reforms designed to expand access to and increase participation in workplace retirement plans
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Our client satisfaction is exceptional, as demonstrated by our 96.4% satisfaction rate.
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