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Olsen Thielen

We are excited to announce that Schmidt & Schmidt, Ltd, has joined Olsen Thielen CPAs and Advisors, effective January 1, 2023. Both Twin Cities-based CPA firms have an established reputation across the country and share a strong emphasis on personalized client service and key industry expertise.
If you’re self-employed and run your business from home or perform certain functions there, you might be able to claim deductions for home office expenses against your business income.
If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year than you’d get from a smaller vehicle. The reason has to do with how smaller business cars are depreciated for tax purposes.
Manufacturing cyberattacks are becoming more common and the attacks are designed to disrupt operations and extort money. Here are some ideas to get ahead of the cybercriminals.
VIDEO: Failing to properly fund a living trust is one of the most common errors people make and can lead to unintended consequences and added costs for both the individual and their beneficiaries. In this video, we'll provide an overview of how to properly fund a living trust.
If you’re considering buying or selling a business, it’s important to understand the M&A tax implications before moving ahead. After the transaction is complete, it may be too late to get the best tax results.
Do you know what are the top tax-saving opportunities for manufacturers in 2023? Once your manufacturing company’s 2022 tax return has been filed, you can focus your efforts on reducing its 2023 tax liability.
When inflation is high, you may need to give your members a reason to renew because it’s common for people to cut expenses by deciding not to renew subscriptions and memberships.
Is the value of tangible donations simply the price a not-for-profit would charge if it sold the goods in a rummage sale or on an auction website?
Endowment investments come with major responsibility and generally need to be managed by a financial expert. And, nonprofit organizations must adhere to certain regulations.
The Setting Every Community Up for Retirement Enhancement, SECURE 2.0 Act of 2022, aims to improve retirement savings by making it easier for employers to offer retirement plans to employees and offers many changes for individuals. Here are some of the highlights of the Act.
Business tax limit increases for 2023 have risen more than usual due to inflation.  An array of tax-related limits that affect businesses are indexed annually and here are some that may be important to you and your business.
Now may be the time for your manufacturing company to consider offering employer-provided child care. The Section 45F tax credit can help offset some of the costs.
To best serve your nonprofit and its constituents, you must practice the art of delegation and even perfectionists can learn to love delegation.
Nonprofits need to take the necessary steps to minimize financial mistakes and be sure accounting processes are formally documented and that they are routinely followed.
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