Business Details
38 Years
experience
Trusted Accounting & Tax Services in Fergus Falls
Founded in 1988, our firm has built a legacy of excellence in accounting and CPA-related services. With over 35 years of combined experience, our team serves corporations, small businesses, and individuals across West Central Minnesota. We prioritize precise communication and client-centric solutions, adapting to modern technological advancements while maintaining personalized service. Our commitment extends beyond financial expertise through active community involvement, supporting local organizations like Rotary and United Way. With a client base exceeding 2,500, we combine trusted experience with innovative approaches to meet evolving financial needs. 
Services
Taxes
Financial Management
Payroll
Accounting Services
QuickBooks Training
Sales Tax Filings
Details
- Year established: 1988
Highlights and features
- We offer 35+ years of accounting expertise with local market knowledge
- Our team includes Chartered Global Management Accountants and award-winning professionals
- We provide 24/7 digital access with personalized service options
- Our firm has served 2,500+ clients across multiple industries
- We combine cutting-edge technology with community-focused values
Associations and certifications
- American Institute of CPAs
- Minnesota Society of CPAs
Services
Taxes
We offer comprehensive personal and business income tax preparation services, including amended tax returns. Our CPAs ensure accurate filings while maximizing deductions and credits. Clients receive strategic tax planning advice to optimize financial outcomes for both individual and corporate taxpayers.
Financial Management
Our financial management services include future projections, business forecasting, and personal financial planning. We help clients create data-driven strategies for long-term financial stability through customized projections and actionable growth plans tailored to specific business needs.
Payroll
We provide complete payroll processing solutions including direct deposit, tax payment schedules, and government reporting. Our services ensure compliance with labor regulations while handling workmans compensation filings and maintaining accurate payroll records for businesses of all sizes.
Accounting Services
Our accounting services cover bookkeeping, bank reconciliations, and financial statement preparation. We maintain accurate financial records using modern accounting software while ensuring compliance with regulatory requirements through meticulous data entry and reporting processes.
QuickBooks Training
We offer specialized QuickBooks training to help businesses manage their accounting systems effectively. Our hands-on instruction covers all essential functions, enabling clients to maintain accurate financial records and generate reports independently using industry-standard accounting software.
People
Kyle Sem
CPA
Licensed CPA with experience at Grant Thornton and Ness Waller Pearson firms. Joined Smith & Sem in 2015 after 9 years in public accounting and municipal finance roles.
Michael Smith
CPA
Founder with 40+ years in public accounting. Passed CPA exam in top 133 nationally. Professional affiliations include American Institute of CPAs and Minnesota Society of CPAs.
Rebecca Bennett
CPA
Certified public accountant with 25+ years experience serving West Central Minnesota businesses. Active member of Minnesota Society of CPAs and local community organizations.
Danielle Call
CPA
Recent University of North Dakota graduate with public accounting experience since 2017. Member of Minnesota Society of CPAs, providing fresh perspective on modern accounting practices.
Kathy Compton
Business Manager
Business manager with 35+ years in public accounting. Rasmussen College graduate (1988) managing operational aspects of client accounts and firm administration.
Questions
What accounting services do you offer?
We provide bookkeeping, financial statements, payroll processing, tax preparation, and QuickBooks training for businesses and individuals.
Are you available for remote consultations?
Yes, we offer virtual services through secure online platforms while maintaining in-person options at our Fergus Falls office.
How can I track my tax refund?
Use our online portal to track both Minnesota state and Federal tax refunds with direct access to real-time status updates.
Do you handle business tax filings?
Yes, we prepare and file corporate tax returns, sales tax reports, 1099 forms, and 1095C compliance documents for businesses.
What makes your firm different?
Combining 35+ years experience with modern technology, we offer personalized service backed by community involvement and certified professionals.
