Steve Salveson, CPA, CGMA

Principal | Red Wing Office

651-388-6414

How Steve got here

  • Bachelor of Science in Business from Montana State University, Bozeman
  • Joined the Smith Schafer team in 2005

How Steve approaches work

“Do what we can to meet or exceed client expectations and provide value for our clients.”

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Related Service Resources

Section 179: Minnesota Passes Conformity for 2020

Section 179: Minnesota Passes Conformity for 2020

Minnesota passed a bipartisan tax and bonding bill recently that included full conformity for all Section 179 expensing for tax years beginning in 2020. Additionally, the bill included retroactive Section 179 conformity to 2018 for assets acquired in a like-kind exchange.

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IRS Resurrects Form 1099-NEC

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.

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Q & A Regarding recent business tax changes

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.

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