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 Pauses Processing of New ERC Claims
The IRS has released notice that they will be suspending the processing of new claims for the Employee Retention Credit (ERC) for the remainder of 2023.
Minnesota Sales & Use Tax Law Changes for 2023-2024
egislative changes are enacted each year that impact the collection and remittance of these taxes. Here is a summary of a few key highlights from the latest legislative session.
Midyear Tax Planning Essentials
How did tax season go? Summer is an excellent time to enact a new tax planning strategy.
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Our client satisfaction is exceptional, as demonstrated by our 96.4% satisfaction rate.
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