Articles by

Olsen Thielen

Data Analytics for Nonprofits

No matter your not-for-profit’s mission, you can probably use data analytics to help uncover root causes of seemingly intractable problems, predict outcomes, boost efficiency and improve transparency.
More Info »

2024 HSA Amounts

The IRS has announced the inflation-adjusted 2024 HSA Amounts. Here they are, along with the benefits of Health Savings Accounts (HSAs).
More Info »

Effective Altruism

Effective altruism advocates high-impact philanthropy, but its risks may outweigh its rewards. Here’s what nonprofits should know before partnering with an effective altruist.
More Info »

Publicly Supported Charity

It’s critical to maintain your nonprofit’s publicly supported charity status. Certain organizations, including universities and churches, automatically qualify as public charities. For other nonprofits, you must pass certain tests.
More Info »

Oil and Water

When a not-for-profit’s Accounting and Development staffs are like oil and water, it can affect financial statements and lead to the forfeiture of grant funds. Here are some ideas to correct the communication gap.
More Info »

Giving Circles

Giving circles sometimes are confused with crowdsourcing. But these groups of donors tend to be smaller, more focused and more likely to take an active role in supporting charities. Learn more:
More Info »

2023 Q2 Tax Deadlines

Here are some of the key 2023 Q2 tax deadlines that apply to businesses and other employers during the second quarter of 2023.
More Info »

Strong Cash Flow for Manufacturing

Every manufacturer is different, but strong cash flow for manufacturing companies is essential throughout the industry.  The right cash flow strategies do, however, depend on your situation. Here are some ideas to improve your cash flow.
More Info »

Advertising and Marketing Expenses

Under tax law, businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new ones. However, the expenses must be “ordinary and necessary” to be deductible.
More Info »

SEP and SIMPLE Retirement Plans

SEP and SIMPLE retirement plans are two options for small business owners consider because they have fewer administrative requirements than a traditional plan. Let’s take a look at a “simplified employee pension” (SEP) or a “savings incentive match plan for employees” (SIMPLE).
More Info »

Home Office Expenses

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.
More Info »

Heavy SUV Tax Break

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.
More Info »

Manufacturing Cyberattacks

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.
More Info »

M&A Tax Implications

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.
More Info »

Tax Savings for Manufacturers

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.
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.