About Smith Schafer and Associates Consulting company in Rochester, United States
We have compiled a list of questions we get asked most often about Smith Schafer and the CPA industry.
Q: WHAT is the difference between a CPA firm and an accounting firm?
A: CPAs are trusted professionals offering high-level analysis and long-view recommendations encompassing every detail of a financial picture. CPAs have passed a rigorous examination and have met high standards of education. Learn more.
Q: WHAT ARE A CPAS QUALIFICATIONS?
ZHold an undergraduate degree
ZComplete up to 150 semester hours of education
ZPass a comprehensive rigorous four-section qualifying examination
ZMeet strict state licensing guidelines
ZFulfill 120 hours of continuing professional education every three years
ZAbide by a code of professional ethics
Q: ARE THEre THINGS I SHOULD CONSIDER BEFORE talking with a CPA?
A: Yes. Prior to meeting with a CPA you should ask yourself the following questions:
ZWhat is the most challenging part of your job right now? What are your pains?
ZWhat are you most concerned about in the future? What keeps you awake at night?
ZWhere is your business doing well and where are you struggling?
ZDo you need help with financial issues individual or corporate tax returns retirement estate or wealth management planning?
ZWill you need financial statements prepared for your business? Do those statements be audited?
ZDo you want to do as much as possible in-house or are you considering outsourcing some of your bookkeeping accounting and/or CFO functions?
ZWhat do you expect from your CPA and business advisors?
ZWhat is your budget for CPA services?
Q: Should I consult a CPA if I am starting a new business?
A: Yes. Oftentimes business owners do not think about taxes or accounting until it is too late. It is not a surprise given the time demands and attention needed to start and run a business manage issues and maintain strong client relationships. While all of these are important it is essential to discuss accounting systems budgets entity structure and much more with a CPA prior to starting a business. Learn more.
Q: WHAT SERVICES DO A CPA FIRM OFFER?
A: We have proactively developed a full-service team to address industry-specific and organizational challenges. We have the experience to communicate clear expectations with our clients and we work hard behind the scenes to deliver clean quality results. We are focused on the best advice for every situation presented in a timely and simple way that solves or avoids problems for our clients.
Our services are designed to help clients achieve their business goals.
Accounting Services
ZProactive Tax Planning
ZAudit amp; Review of Financial Statements
Z401(k) amp; 403(b) Plan Audits
ZRetirement Plan Consulting
ZBookkeeping amp; Payroll
ZAccounting Software Consulting
ZSuccession Planning
ZMergers amp; Acquisitions
ZBuying amp; Selling Agreements
ZBusiness Valuation
ZFinancial Estate amp; Retirement Planning
ZTechnology Consulting
Learn More About CPA Firm ServicesSmith Schafer is an ongoing source to help you grow your business with strategies for tax savings increased profits and new opportunities. We will help you develop a strong plan so you will be in a better position to control costs build management consensus and respond to opportunities.
Q: DO CPA firms PROVIDE YEAR-ROUND SERVICE?
A: We are here for you 12 months a year not just during tax season. Whether you have a simple tax question need advice on the tax implications of a business decision or want clarification on a government notice we are here to help. A well-rounded high-energy group of professionals are ready to give you the right answers to the issues that concern you most. Our accounting professionals take the time to understand you and your business so you know you are in good hands.
For the success of your business it is important to stay informed year-round with current business industry accounting and tax news. Tax laws change constantly and business owners do not always have the time to keep up with all the new regulations. Smith Schafer can be a valuable resource helping you stay atop the latest developments.
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Q: Where is Smith Schafer certified public ACCOUNTANTS amp; consultants located?
Rochester CPA Firm
Minneapolis CPA Firm
Red Wing CPA Firm
Why Clients Choose Us
’Have enjoyed good service for over 30 years.’
- R amp; W Fleming Corporation
’Our service is always exceptional and never have to second guess the answers.’
- EnergyPrint Inc.
’Smith Schafer has provided second to none service and value to my business and personal accounts for over 30 years. Their expertise and knowledge are unmatched by any other accounting firm I have encountered over all these years.’
’The relationship we have built over the years with the staff at Smith Schafer amp; Associates is one that can never be replaced. They are quick with helping us figure anything out always willing to pick up the phone and walk us through any problem we are having. Also they are just all so friendly and kind!’
’I have worked with Jason Boynton for several years. He has consistently provided exceptional service and advice always delivered in a timely pleasant manner.’
’Smith Schafer always makes everything go smoothly. They were recommended to us by our community bank. We have been using their services for many years for our small business and personal taxes. We always feel well taken care of and that we are receiving the best advice direction information and tax preparation.
- The Dog Perk Corporation
’Smith Schafer always provides great information for our business. They are thorough with our accounting and financial planning. We have leaned heavily on them with interpretation of the PPP Loan and COVID-19 planning. They have been instrumental in our success and are always very knowledgeable and quick to respond to any of our questions.
’Smith Schafer has provided second to none service and value to my business and personal accounts for over 30 years. Their expertise and knowledge are unmatched by any other accounting firm I have encountered over all these years.
’The relationship we have built over the years with the staff at Smith Schafer is one that can never be replaced. They are quick with helping us figure anything out always willing to pick up the phone and walk us through any problem we are having. Also they are just all so friendly and kind!
’We love our CPA team at Smith Schafer. They have helped us navigate many personal and business decisions.
’Smith Schafer is very dedicated to their clients and always has their best interests in mind. They are very knowledgeable and thinking ahead to what the clients may be needing in the future. We would highly recommend Smith Schafer to our family and friends.
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