Business tax

Create a strategy. Gain value beyond the next tax return.

Proactive Tax Strategies.

A continuing education requirement keeps CPAs up-to-date about changing tax laws. And since tax reform continues to create comprehensive changes, proactive tax planning needs to be a part of your business strategy. Partner with an experienced team of CPAs to help you create saving opportunities both now and in the future.

Every client is different.

Smith Schafer CPAs will work closely with you to evaluate your situation and recommend the best approach to lower the current year’s tax liability, maximize savings from allowable deductions and take advantage of available tax credits so you can focus on growing your business.

Our Experience.

We have over 45 years of experience helping businesses, in numerous industries, effectively manage taxes. To bring you innovative solutions, our team keeps up to date on any new tax laws, tools and trends and we communicate these changes to our clients through our blog, client meetings and seminar events.

Business Tax Services:

Business Tax Filing, Compliance and Planning

Cost Segregation Studies

Estate Planning

IRS/State Tax Representation

Merger & Acquisition

State and Local Tax – Nexus Studies

We know your industry:

Construction & Real Estate

Professional Service Firms

Hospitality

Manufacturing

Transportation

Government

Nonprofit

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Business Tax Resources

Payroll Tax Deferral Guidance

Reading Time: 2 minutes On August 8, 2020, President Trump issued an executive order and three memoranda providing or extending COVID-19 relief to individuals and organizations. On August 28, 2020, the Department of Treasury and Internal Revenue Service issued guidance for implementing the memorandum’s payroll tax deferral portion.

Payroll Tax Deferral Memorandum – What Do We Do Now?

Reading Time: 3 minutes On August 8, 2020, President Trump issued an executive order and three memoranda providing or extending COVID-19 relief to individuals and organizations.

199A Deduction for Rental Real Estate Safe Harbor

Reading Time: 2 minutes The Internal Revenue Code Section 199A Qualified Business Income (QBI) Deduction allows a deduction equal to 20% of business income for owners of pass-through entities.

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Why Clients Choose Us

“Have enjoyed good service for over 30 years.”

- R & W Fleming Corporation

“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 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."