Olsen Thielen Advisor Blog

Thorough Due Diligence Can Protect Your Acquisition From Fraud

By | November 12th, 2017|

In today’s rough-and-tumble world of mergers and acquisitions (M&As), buyers need to get to know business sellers and their executives, test their representations about asset condition and financial performance, and screen for common fraud schemes. [...]

Why Limited Partnership Fraud is Easy – And How Your Can Stop It

By | November 12th, 2017|

Sometimes it happens: General partners (GPs) of a limited partnership intentionally mismanage the business or commit fraud. If you’re a limited partner (LP) in such a partnership, it’s important that you recognize the signs that [...]

How to Avoid Becoming the Victim of a Jury Duty Scam

By | November 11th, 2017|

Is nothing sacred? Proving that there’s no limit to their greed or ingenuity, fraud perpetrators have found a way to use the legal system to steal identities from unsuspecting individuals. Here’s what jury duty scams [...]

2017 Might be Your Last Chance to Hire Veterans and Claim a Tax Credit

By | November 11th, 2017|

With Veterans Day on November 11, it’s an especially good time to think about the sacrifices veterans have made for us and how we can support them. One way businesses can support veterans is to [...]

Maximize Retirement Plan Participation with Automatic Enrollment

By | November 10th, 2017|

Based on recent statistics, approximately 30% of eligible employees do not participate in their employer’s 401(k) plan. With the inclusion of an automatic enrollment feature to your plan, participation may increase significantly. Automatic enrollment plans [...]

Rules for Making a Qualified Charitable Distribution (QCD)

By | November 10th, 2017|

A QCD is a charitable contribution made directly from an IRA.  The distribution is not taxable on your tax return and no tax deduction is allowed for the donation. Note: in rare circumstances it may [...]

Gift Cards are Convenient for Businesses – and for Criminals

By | November 9th, 2017|

Companies looking for the perfect holiday gift for valued employees or customers may be tempted to buy prepaid gift cards as a convenient, one-size-fits-all solution. But if yours is one of those businesses, you might [...]

6 Valid Reasons to Reject a Domestic Relations Order

By | November 9th, 2017|

With the U.S. divorce rate in the 40% to 50% range, your retirement plan is likely to receive a domestic relations order. These orders entitle an “alternate payee” to a portion of a participant’s retirement [...]

Dashboards Can Help Nonprofit Boards Focus on Critical Goals

By | November 8th, 2017|

Not-for-profit board members need to keep an eye on how well their organizations are meeting major goals and furthering their missions. One of the easiest, quickest ways for boards to do this is with a [...]

How Long Should You Retain Payroll Records?

By | November 8th, 2017|

Employers must exert a certain amount of time and resources to properly retaining their income tax records. But these aren’t the only documents you need to maintain. Retention of your organization’s payroll records is also [...]