Olsen Thielen Advisor Blog

Get More from Your Association’s Program Budget

By | April 27th, 2017|

Is your not-for-profit association offering enough (or the right) programs to keep members active and engaged? New programs require time, effort and money. So when you commit to developing one, you want to get the [...]

Bartering May be Cash-Free, but it’s not Tax-Free

By | April 17th, 2017|

Bartering might seem like something that happened only in ancient times, but the practice is still common today. And the general definition remains the same: the exchange of goods and services without the exchange of [...]

5 Accounting Mistakes Your Nonprofit Should Avoid

By | April 14th, 2017|

To err is human, but your not-for-profit’s supporters, not to mention the IRS, may be less than forgiving if errors affect your financial books. Here are 5 accounting mistakes your nonprofit should avoid: 1.  Failing [...]

ACA Tax Refresher for Businesses

By | April 11th, 2017|

Now that the bill to repeal and replace the Affordable Care Act (ACA) has been withdrawn and it’s uncertain whether there will be any other health care reform legislation this year, it’s a good time [...]

Estate Planning – Managing Debt and Creating Other Important Documents

By | April 11th, 2017|

Managing Debt You are probably going to die with some debt to your name—most people do. In fact, according to Credit.com, 73% of people had outstanding debt at their death. These people carried an average [...]

Cat Tales

By | April 11th, 2017|

--Cats have been domesticated for about half as long as have dogs. --A cat loses almost as much body fluid through grooming as it does through urination. --The Maine coon cat is America's only native [...]

Tax-Advantaged Employee Education Reimbursements

By | April 11th, 2017|

What are the most tax-advantaged ways to reimburse employees’ education expenses?  Reimbursing employees for education expenses can both strengthen the capabilities of your staff and help you retain them. In addition, you and your employees [...]

Mike Bromelkamp Receives Business Leader Award from VHEDC

By | April 10th, 2017|

Michael Bromelkamp, CPA/ABV, MBA, Principal at Olsen Thielen & Co., Ltd., a certified public accounting and consulting firm serving Minnesota and the Upper Midwest, has been selected as the 2017 recipient of the Business Leader [...]

Protect Your Not-for-Profit by Cross-Training Staff

By | April 6th, 2017|

What would happen if one of your not-for-profit’s key people suddenly quit or had to go on long-term disability? Would you be able to conduct business as usual? To prevent a critical function from possibly [...]

Controller – Medical Association

By | March 30th, 2017|

The Minnesota Medical Association (MMA), the state-wide professional association for physicians, is looking for an accomplished and motivated accounting professional to oversee its financial operations. The Controller position is responsible for providing leadership and coordination [...]