Red Wing Tax Compliance
The business and tax environment has become increasingly complex. Most cannot maintain the expertise necessary to ensure compliance in all tax disciplines. Smith Schafer’s Red Wing team will work closely with you to evaluate your situation and recommend the best approach to tax compliance.
There is a lot at stake when it comes to tax.
Our Red Wing office tax 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
Our Red Wing, Minnesota office was established in 2011 with the acquisition of Erickson, Rietmann, Roufs, and Kiecker, Ltd. Our firm has 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.
Red Wing Tax Compliance Services:
- Corporate Tax Preparation
- S-Corp Tax Preparation
- Partnerships & LLCs
- Estate & Gift Tax Returns
- Sales & Use Tax Reporting
- State & Local Tax
- IRS/State Tax Representation
Our Red Wing professionals can provide effective tax strategies, coordinated and executed based on your unique situation.
Business Tax Resources
IRS Resurrects Form 1099-NEC
The filing of 2020 1099 forms will be a bit different compared to years prior. The 1099-MISC Form has historically been used to report payments, including nonemployee compensation, rents, and other income, to the IRS.
Q & A Regarding recent business tax changes
On November 5, 2020 we held a free live webinar discussing the Q & A’s regarding recent business tax changes. You can click to video below to watch the webinar replay or use the button below to download the presentation slides.
5 Areas Professional Services Firms Should Focus On
COVID-19 has presented various challenges for professional services firms in 2020, unlike anyone could have foreseen. We understand the professional services industry since we are part of it ourselves.
