Smith Schafer .

Best of Accounting Award 2021

Reading Time: 1 minute Smith Schafer Wins ClearlyRated’s Best of Accounting Award for Third Year in a Row The 2021 Best of Accounting award recognizes client satisfaction leaders in the accounting industry-based...
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GUIDE: Transportation Industry Benchmarking

Reading Time: minute Is your transportation company performing as well as its industry peers? You reviewed your financial statements from your accountant, and you are making money. That is great, but what else are the...
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Construction Industry Insights: Q&A with Construction Industry Experts

Reading Time: 3 minute The construction industry has faced many different challenges over the past couple of years, including material shortages, new regulations, supply chain issues, and many more. No matter where your...
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What Makes a Good Valuation Report?

Reading Time: 2 minute Most owners already have a predetermined number in their minds when the time comes to establish the value of a company. They often think the value should equal a multiple of earnings or annual sales....
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Impact of New Lease Accounting Rules on Construction Companies

Reading Time: 2 minute Construction industry companies often rely on leasing as a source of financing for equipment and vehicles. Leasing provides access to these expensive assets without the immediate cashflow hit that...
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Minnesota Legislature Passes Federal Conformity Bill

Reading Time: 1 minute   MN Passes Tax Bill In their special session ending on June 30, 2021, the Minnesota legislature passed a federal tax conformity bill. Highlights of the bill are summarized below.
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5 Ways the New Lease Accounting Rules will Impact Transportation Companies

Reading Time: 2 minute The accounting for leases is changing significantly. Soon, nearly all leases will need to be disclosed as a liability on the balance sheet. Although the biggest impact will be on large entities, this...
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10 Reasons for a Business Valuation

Reading Time: 3 minute Most business owners are reactive when it comes to having their businesses valued. But there are many times it pays to be proactive. Some valuations are necessities, such as for determining the value...
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