Articles by

Olsen Thielen

New Minnesota Tax Law Changes with Matt Klein and Zach Deo

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.
More Info »

Do You Qualify as a “Small Business”?

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.
More Info »

The One Big Beautiful Bill Act: Lessons Learned with Charlie Sparks and Zach Deo

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.
More Info »

Tax Identity Theft and Business Risks

Small business owners, beware: Tax identity theft is a costly, ongoing threat. Criminals may file fraudulent returns using a business’s EIN, impersonate executives to steal employee W-2 data, or use forged IRS documents to pose as a business for financial or tax-related activity.
More Info »

ACA Penalties May Still Apply

Beware, small business owners: As your workforce grows, ACA compliance can become a costly surprise without proper planning.
More Info »

Increase in SALT Deduction Impacts Manufacturers

The state and local tax, SALT deduction, temporarily increased under last year’s new tax law. Here’s how manufacturing company owners can benefit from it.
More Info »

Research Credit FAQs

The research credit isn’t just for labs or tech companies. Many businesses are missing out because they mistakenly assume they don’t qualify, or aren’t sure where to start. Learn how the credit works and what to consider.
More Info »

Should You Consider Adopting a Fiscal Year End?

Most businesses use December 31 as the end of their fiscal year. But some companies in construction, accounting, and snowplowing operations, for example, may have valid reasons for adopting fiscal year ends. Aligning your tax year with your operating cycle can streamline reporting and support better planning.
More Info »

Qualified Overtime Compensation Deduction

The IRS has issued guidance for the qualified overtime compensation deduction, effective for tax years 2025 through 2028. Eligible workers must meet specific eligibility requirements, including valid Social Security numbers and certain filing status conditions.
More Info »

An HSA is a Long-Term Healthcare Reserve

Most people use their HSA like a medical debit card, but the account is capable of much more. With a rare triple tax advantage and flexible reimbursement rules, the HSA can serve as a powerful long-term healthcare reserve. Read on to learn how to make the most of it.
More Info »

Budgeting Tips for Manufacturers

For manufacturers, drafting an accurate budget can improve operational discipline and position the company to respond more effectively to market changes and unexpected challenges. The following budgeting tips for manufacturers are a great starting point for developing an accurate and reasonable budget.
More Info »

Rolling Forecasts Provide Greater Flexibility for Manufacturers

Manufacturers are rethinking how they model their forecasts. This includes moving away from traditional static forecasts toward more flexible rolling forecasts that are updated regularly.
More Info »

Manufacturers: Manage Inventory to Boost Working Capital

Strategic inventory management can boost working capital by unlocking cash already inside the business. Start now to build an inventory strategy that balances liquidity with operational needs.
More Info »

Meet the Olsen Thielen Client Advisory Services (CAS) Team

Video: Meet the Olsen Thielen Client Advisory Services (CAS) Team.
More Info »

Budgeting Tips for Manufacturers

For manufacturers, an accurate and reasonable budget can help with strategic planning, improve cash flow, and make it easier to secure financing. We have put together some budgeting tips for manufacturers to consider when budgeting time comes around.
More Info »
We Value Your Privacy

This site may use cookies to store information on your computer. Some are essential to make our site work and others to improve the user experience. By using this site, you consent to the placement of these cookies and accept our privacy policy.