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.
We know your industry:
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
Business Tax Resources
Irs Issues Voluntary Disclosure Program For Employers to Pay Back Questionable Employee Retention Credits (ERC)
The IRS issued Announcement 2024-3 on December 21, 2023 to roll out the Voluntary Disclosure Program. The program is a process to pay back the ERC credit for recipients who believe they received it in error.
Understanding the Corporate Transparency Act
Effective from January 1, 2024, new and existing business entities (with exceptions) must comply with
the CTA
IRS Pauses Processing of New ERC Claims
The IRS has released notice that they will be suspending the processing of new claims for the Employee Retention Credit (ERC) for the remainder of 2023.