Engineering Firms
Smith Schafer has been committed to helping Engineering firms for over 50 years.
Our Minnesota engineering clients are looking to maximize profits, improve cash flow and build a firm with high value to support eventual sale or succession.
Smith Schafer will help you navigate the changes in tax law and provide proactive advice so you can focus on your business.
Our Engineering Expert Group, comprised of numerous professionals, is committed to serving Minnesota engineering entities.
Specialized Engineering Firm CPA Services:
- Accounting Software Consulting
- 401(k) and 403(b) Plan Audits
- Bookkeeping & Payroll
- Business Valuation
- Projections & Financial Analysis
- Technology Consulting
Why Professional Service Clients Choose Us
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PROFESSIONAL SERVICE FIRM INDUSTRY RESOURCES
Accounting Basics for the Professional Services Industry
Accounting can be complicated and is a crucial component of a firm’s operations, regardless of its size. Many growing professional service firms struggle to create well-tuned accounting processes, especially as systems need to change to support increased activity.
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.
R&D Tax Credits: Easy & Effective Tax Savings
The Research and Development (R&D) Tax Credit is one of the best opportunities for businesses to reduce their tax liabilities, improve cash flow, and increase earnings-per-share. This tax credit was initially enacted in 1981 to incentivize companies to increase their investment in developing new or improved products or processes.