- July 9, 2025
Lisa Dunnigan, Principal and Chief Information Officer, will be retiring effective August 31, 2025.
Olsen Thielen Advisor Blog
The One Big Beautiful Bill Act overhauls the tax code, locking in many 2017 cuts and unveiling new relief for workers, families, and businesses. Read our article for an overview of new rules created by the Act, in addition to extensions or enhancements of existing provisions.
- July 15, 2025
Determining “reasonable compensation” is a critical issue for owners of C corporations and S corporations. If the IRS believes an owner’s compensation is unreasonably high or low, it may disallow certain deductions or reclassify payments, potentially leading to penalties, back taxes and interest.
Homeowners and renters in Minnesota may qualify for a valuable tax refund - either the Minnesota Property Tax Refund or Renter's Rebate. Read more to find out if you qualify for either of these programs
Vendor fraud can be a significant risk in the manufacturing sector, where companies rely on third-party suppliers for raw materials, components and services. Deceptive practices can erode your manufacturing company’s profitability, compromise product quality and damage relationships with legitimate suppliers.
Two proven tools can help your manufacturing company better navigate today’s uncertainties. First, rolling forecasts facilitate greater ongoing control over finances than a traditional, static budget. Second, financial modeling can provide valuable guidance amid evolving circumstances by testing how various assumptions are likely to unfold.
As advanced manufacturing processes increasingly rely on technology, the demand for highly skilled workers continues to grow. To stand out to these candidates, your manufacturing company must build a compelling employer brand that highlights career growth opportunities, investment in technology and a commitment to employee well-being.
Market volatility and swings can be unsettling, but they don’t have to weaken your retirement plan. Learn how a strategic blend of short-, mid-, and long-term investments, plus flexible withdrawal methods, can build financial resilience.
- June 3, 2025
Misclassifying employees as independent contractors can result in expensive consequences if the IRS reclassifies them. But determining if a worker is a contractor or an employee can be complex.
- June 2, 2025
If you or your employees are heading out of town on a business trip this summer, it’s important to understand the travel deduction tax rules. To qualify, the trip must be necessary for business purposes and require an overnight stay within the U.S.
As a small business owner, you might hesitate to establish a retirement plan due to the administrative complexities involved. However, there are two retirement plans worth considering that come with fewer requirements than traditional qualified retirement plans.
- May 28, 2025
Even well-run companies experience down years. The federal tax code may allow a bright strategy to lighten the impact. In some cases a business loss, within limits, may be used to reduce taxable income in later years.
- May 28, 2025
Think your tax refund is just "extra money"? It might actually be a sign that your withholding is off, and that the IRS has been holding your money all year. Learn how to fix that now, so you’re not stuck with a surprise bill (or a missed opportunity) next April.
- May 22, 2025
A Section 127 educational assistance plan can be a smart investment for your business. With this tax-favored benefit, employees can finish degrees, pursue graduate study and even pay off student loan debt.
- May 19, 2025
Unpaid taxes withheld from your company’s employees might hit you harder than you think. Find out how the 100% penalty can affect your personal finances.