Articles by

Olsen Thielen

Tax Essentials for Sole Proprietors

Many small businesses start out as sole proprietorships. This structure is simple and inexpensive to establish and maintain — and it gives the owner direct access to profits without having to take formal distributions. But it also makes your taxes more complicated than when you were a W-2 employee.
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Year-End Tax Planning Strategies for Manufacturers

Making time for year-end tax planning now may benefit your manufacturing business come tax-filing time next year. Explore some opportunities for 2026.
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How Much is Enough Cash on Hand for Your Business

How much is enough cash on hand for your business? The answer depends on more than a simple rule of thumb. This article breaks down a practical framework for making the decision on how to put your cash to work for you.
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Gavin Burnham Receives MNCPA Volunteer Excellence Award

Olsen Thielen Principal, Gavin Burnham, CPA, has received the MNCPA Volunteer Excellence Award.
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Manufacturers: Reasons to Use a Segmented Income Statement

A segmented income statement breaks down revenue and expenses by product line, customer or another useful category, making it easier to spot the segments that are strong and weak performers.
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Track Home Improvements Before a Sale or Inheritance

When a property is sold or inherited, the difference between a large tax bill and a smaller one can come down to how well a homeowner documented qualifying capital improvements over the years. A permanent record of qualifying expenses is a simple step.
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Q4 Tax Planning

Q4 tax planning is not a single deadline; it's a series of decisions that each have their own timing. Some strategies require lead time to execute, others depend on an updated year-end forecast, and some work can legitimately carry into the new year.
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New IRS Per Diem Rates for 2026

The IRS has released its 2026-2027 special per diem rates for business travel, and the changes took effect October 1, 2026.
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Law Firm Fraud: Red Flags and the Controls That Help

Where fraud hides in a law firm: the fraud triangle, red flags, the internal controls that help, and what to do if you discover a problem.
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FinCEN Eliminates BOI Reporting

Beneficial Ownership Information (BOI) reporting has been permanently removed as a requirement for U.S. companies
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Estate Planning: Revocable Living Trusts with Zach Wiegand

Podcast: In this episode of Q&A Over Coffee, we are joined by Estate Planning Attorney Zachary Wiegand of Gold Leaf Estate Planning and Olsen Thielen Tax Principal Adam Thielen for an in-depth discussion on estate planning, revocable living trusts, and more.
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How Can Your Nonprofit Use Social Media to Grow?

Uncover strategies to help your not for profit strategically grow your social media presence through the platforms that are right for you.
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Right Type of Business Entity for a New Business

What’s the right entity type for your new business? Two popular options for closely held businesses with multiple owners are LLCs taxed as partnerships and S corporations. Read more for a comparison of these two business entitty types.
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Midyear Tax Review for Manufacturers

For manufacturers, a midyear tax review can reveal how recent tax law changes may affect capital investments, research spending and other manufacturing activities. Taking action now can give you more flexibility to reduce your 2026 federal tax obligation.
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Meet the Olsen Thielen TAS Team

Video: Meet the team who leads our Business Valuation and Transaction Advisory Services.
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