Business Consulting

Smith Schafer is an ongoing source to help you grow your business with strategies for tax savings, increased profits, and new opportunities.

Set a goal. Gain leverage.

Our team works closely with you to gather and examine historic trends, determine best practices and compile prospective financial statements. Comprehensive bookkeeping services and payroll support help your business run smoothly while monitoring short- and long-term cash flow and providing timely, accurate data. We also support succession planning for both family-owned and privately-held ventures and investments.

When we finish our analysis of your situation, you will know every detail was covered and our recommendations are based on facts. Best of all, you will feel confident and well prepared to move left, right, or straight ahead.

Our Business Consulting Services:

Accounting Services
Payroll Support Services
Merger & Acquisitions
Buying & Selling Agreements
Budgeting & Cash Flow Analysis
Succession Planning
Projections & Benchmarking
Litigation Support
Cost Segregation Studies
Legal Entity Analysis & Selection
Accounting Software Consulting
Fraud Evaluation & Examination Services

We know your industry:

Business Consulting Resources

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...

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.

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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."

“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.