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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Relief for Employee Retention Tax Credit Penalties

Relief for Employee Retention Tax Credit Penalties

The Employee Retention Tax Credit (ERTC) helped employers bolster cash flow and avoided layoffs during the most uncertain periods of COVID. The confluence of state issued forced business closures and stay at home orders created adverse conditions for many Minnesota companies. The program provided a desperately needed capital infusion to struggling businesses.

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