Olsen Thielen Advisor Blog

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Uncover strategies to help your not for profit strategically grow your social media presence through the platforms that are right for you.
Minnesota's homestead credit refund increase means 15% more in refunds for many MN homeowners. Read more to learn how to claim yours.
MN Tax Law Changes introduced in 2026 affect bonus depreciation, R&D expensing, PTE Tax, and more that may require an amended return or advanced planning for next year for business owners or individuals.
What’s the right entity type for your new business? Two popular options for closely held businesses with multiple owners are LLCs taxed as partnerships and S corporations. Read more for a comparison of these two business entitty types.
For manufacturers, a midyear tax review can reveal how recent tax law changes may affect capital investments, research spending and other manufacturing activities. Taking action now can give you more flexibility to reduce your 2026 federal tax obligation.
The State of Iowa has an active sales and use tax exemption available for Telecommunications providers for qualifying office and transmission equipment. Read more about what qualifies and why it may be beneficial to take advantage of this tax exemption.
Video: Meet the team who leads our Business Valuation and Transaction Advisory Services.
The line between a business and a hobby isn’t always obvious — but it can have a major impact on your taxes. Learn what the IRS looks for and how to strengthen your position as a for-profit business.
Podcast: Tax Principal Matt Klein and Tax Director Zach Deo break down the most important provisions in Minnesota's 2026 Tax Bill, signed into law on May 27th.
The Minnesota Secure Choice Retirement program was created to help employees build financial security for the future. Enrollment deadlines go into effect by the number of employees and the first deadline is June 30, 2026 for employers with 100+ employees.
An up to date not-for-profit record retention policy is necessary for an Organization's compliance and transparency responsibilities. In addition, a sound record retention policy also helps mitigate risks and can lead to a smoother annual audit process.
A recent federal court case, Kwong v. United States, says that many federal Covid-19 tax deadlines may have been pushed back farther than the IRS recognized and could mean some taxpayers may have paid penalties or interest not actually owed and may be due a refund from the federal government.
Certain small businesses may qualify for various federal tax breaks. But different tax provisions use different size tests. Read on to learn more about big tax breaks for small businesses that meet one such test.
S-corporations are one of the most frequently discussed tax structures for small business owners. While they can offer real savings on self-employment taxes, the benefits aren't automatic - they depend on your income level, involvement in the business, and whether you're ready to manage the added compliance responsibilities.
Podcast: Explore the real-world impact of the “One Big Beautiful Act” after its first filing season, including SALT deductions, QBI permanence, bonus depreciation, Roth strategies, R&D expensing, and estate planning considerations.
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