Articles by

Olsen Thielen

The Power of AI: Boosting Worker Productivity

VIDEO: Learn how Artificial Intelligence is transforming worker productivity and its impact on businesses and the labor market.
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Hiring Your Child Can Help You Save Big in Taxes

VIDEO: Hiring your child for your business can lead to significant tax savings by shifting income, reducing taxes, and reducing FICA and FUTA obligations. However, it's crucial to follow employment laws and withhold appropriate taxes. Learn more about the benefits and rules for hiring your child.
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Business Travel Expenses: Per Diem vs Actual Expenses

VIDEO: If your employees travel for work purposes, it’s important to understand the various methods of tracking and substantiating travel expenses so that you can maintain accurate records, control costs, and take advantage of potential tax benefits. Watch this video to learn the methods affect employees and employers.
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Six Misconceptions of a Revocable Living Trust

VIDEO: A revocable living trust, or RLT, offers many benefits, including probate avoidance, privacy, and flexibility in managing assets during one’s life, incapacity, and death. However, there are misconceptions surrounding revocable trusts. Watch this video to learn about the top six misconceptions.
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2023 IRS Dirty Dozen Tax Scams

VIDEO: The Internal Revenue Service published its 2023 IRS Dirty Dozen Tax Scams highlighting various schemes that put taxpayers and their financial well-being at risk. In this video, we'll provide an overview of five of the top scams on the list.
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R&E Expense Amortization Got You Down? – Video

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.
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Incentivize Employees with Stock Appreciation Rights

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.
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Lease Accounting Rules Changes

VIDEO: The Financial Accounting Standards Board (FASB) recently issued lease accounting rules changes in the 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.
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Recognizing Revenue in Financials

VIDEO: The Financial Accounting Standards Board and the International Accounting Standards Board have provided standards for properly recognizing revenue.
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When To Outsource Your Accounting

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.
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Clean Vehicle Tax Credit

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.
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Saving for the Future

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
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Research and Development Tax Credits

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.
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Overview and Benefits of a Stock Option Plan

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.
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Essential Estate Planning Documents

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. 
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