- AICPA
- MNCPA
NDCPA - Ambassador for the Red Wing Chamber of Commerce
- Member of the Red Wing Kiwanis
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.”
Related Service Resources
5 Retirement Plan Changes in 2020
The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law in December 2019 and outlined several changes to how retirement plans are required to operate. This article will discuss some of the significant provisions of this legislation.
IRS Formally Clarifies PPP Expense Position
The IRS issued Revenue Ruling 2020-27 on November 18th, formally denying the ability to deduct expenses related to PPP forgiveness. In the ruling, the IRS clarified the deduction for PPP expenditures is denied in the period the expenses were incurred (2020), even if the taxpayer waits until 2021 to apply for forgiveness.
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.