Articles by

Olsen Thielen

R&E Expense Amortization Got You Down?

February 27, 2023

VIDEO: Now that Research & Experimentation expenses must be amortized over several years, many companies are looking for ways to increase deductions and reduce taxable income. Here are three opportunities to potentially accelerate depreciation and reduce your tax liability.

Incentivize Employees with Stock Appreciation Rights

January 24, 2023

VIDEO: A solution to incentivize employees using stock appreciation rights might be a better solution than tying their compensation to the company's performance or using stock options. One way to do this is through stock options, but using stock appreciation rights might be a better solution.

FASB Lease Accounting Changes

January 17, 2023

VIDEO: The Financial Accounting Standards Board recently issued a proposed Accounting Standards Update for Leases (Topic 842). The update addresses related-party arrangements between entities under common control. This video provides an overview of the proposed changes.

Recognizing Revenue in Financials

October 27, 2022

VIDEO: The Financial Accounting Standards Board and the International Accounting Standards Board have provided standards for properly recognizing revenue. Using a five step process, companies recognize revenue based on the value and timing of when control of the goods and services are transferred to the customer. Learn

When To Outsource Your Accounting

October 27, 2022

VIDEO: Thanks to the cloud and automation, outsourcing has never been a more viable option than it is today. Quite often, outsourcing can be more efficient and less expensive than hiring dedicated staff. In this video, we'll cover the benefits of outsourcing your accounting.

Clean Vehicle Tax Credit

August 26, 2022

VIDEO: The Inflation Reduction Act includes the Clean Vehicle Tax Credit program which provides tax credits for purchasing electric vehicles. Learn about the tax credits and limits on qualifications.

Saving for the Future

August 11, 2022

As your child begins to earn money from a job, it’s a great time to teach them about saving for the future. While a savings account is a great start, an even better opportunity is to open an IRA. With an IRA, your child can invest their hard-earned funds and

Research and Development Tax Credits

August 8, 2022

VIDEO: While most companies expense the cost of research and development activities, most fail to take advantage of the R&D tax credit. Learn how the tax credit works and what expenses qualify for it.

Overview and Benefits of a Stock Option Plan

July 21, 2022

VIDEO: A stock option plan can be used to align the interests of employees and shareholders, and attract and retain talented workers. This video will cover the basics of a stock option plan and how your company may benefit from having one.

Essential Estate Planning Documents

July 11, 2022

Estate planning is an essential part of financial planning for all individuals, regardless of age or asset level. It can help ensure you have enough money for retirement, minimize your estate taxes and maximize the wealth you pass to your beneficiaries. This article will outline which documents are essential for

Preparing Your Business for a Recession

June 21, 2022

VIDEO: A recession can be challenging for any business. However, business owners can take steps to prepare for a recession and position their companies for growth as the economy recovers. In this video, we'll provide six tips to help you and your business prepare for a recession.

Improving Your Cash Flow

June 17, 2022

Even when profitable, improving your cash flow is important because poor cash flow management can lead to a disastrous outcome for a company. If your business has ongoing cash flow issues or if you suddenly find yourself short of cash, there are steps you can take to assess and get

Tips for Raising Financially Literate Young Adults

May 25, 2022

VIDEO: Parenting comes with many responsibilities, which include teaching children how to budget, save money, and make responsible financial decisions. In this video, we'll cover six tips to help your children learn about saving, spending and investing.

Succession Planning for Nonprofits

May 4, 2022

VIDEO: Grooming future leaders and mapping out a succession plan in advance is one of the best ways to mitigate the risk of losing key personnel and prepare for the future needs and growth of an organization. This video offers tips and best practices for creating and implementing a succession

Protecting Your Company From Ransomware

April 6, 2022

VIDEO: Ransomware is a significant threat for business owners of any size, and the damages can be catastrophic. This video will explain what ransomware is and provide seven tips on protecting you and your company.