Olsen Thielen Advisor Blog

Nonprofit Staffers Can Save Tax With an Accountable Plan

By | March 23rd, 2017|

Your not-for-profit can’t generally reimburse employees for business expenses tax-free just because staffers submit expense records. However, you can if you have a properly executed accountable plan. Under such a plan, reimbursement payments will be [...]

Why Nonprofits Need Continuity Plans

By | March 21st, 2017|

Most not-for-profits are intensely focused on present needs — not the possibility that disaster will strike sometime in the distant future. Yet it’s critical that all organizations have a formal continuity plan to guide them [...]

Don’t Let Your Business be Considered a “hobby” by the IRS

By | March 20th, 2017|

If you run a business “on the side” and derive most of your income from another source (whether from another business you own, employment or investments), you may face a peculiar risk: Under certain circumstances, [...]

Section 1031 Exchange – Why it is Such a Great Tax Planning Tool!

By | March 13th, 2017|

Like many business owners, you might also own highly appreciated business or investment real estate. Fortunately, there’s an effective tax planning strategy at your disposal: the Section 1031 “like kind” exchange. It can help you [...]

Does Your Nonprofit Need to Register in Multiple States?

By | March 10th, 2017|

If your not-for-profit solicits funds online — or uses other fundraising methods that cross state boundaries — it may need to register in multiple jurisdictions. We’ve answered some commonly asked questions. My charity receives occasional [...]

Controller – Manufacturing Company

By | February 28th, 2017|

One of our clients located in St. Paul, Minnesota, has an exciting opportunity for someone to join their team as Controller. This manufacturing company is focused on finding a team player with strong analytical, critical [...]

Comparison of Trump & U.S. House Tax Plans

By | February 20th, 2017|

In the news you more than likely have heard about effects of President Trump's proposed tax reform upon the stock market.  We feel it is appropriate that we provide you with a table that discusses various [...]

Our Best Friend

By | February 9th, 2017|

--Dogs can be trained to recognize the smell of some cancers. --Breeds such as spaniels, retrievers, setters, pointers, terriers, collies, scent hounds and corgis all originated in the British Isles. --Basenjis are known as the [...]

Scott Hoyles Receives ABV Designation

By | February 9th, 2017|

Olsen Thielen is happy to announce that one of our Tax Principals, Scott Hoyles, has been awarded the Accredited in Business Valuation (ABV) designation from the American Institute of Certified Public Accountants (AICPA). Scott is [...]

Bringing Manufacturing Business Owners Together

By | February 9th, 2017|

On Thursday, January 19, the Upper Midwest Manufacturers Alliance (UMMA) held its inaugural event at Olsen Thielen’s Roseville office.  There were two presenters – Steve Wardleworth from Wardleworth Consulting and Joe Mayer from Olsen Thielen. [...]