General Tax

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2026 Charitable Donation Changes

The "One Big Beautiful Bill - OB3" contains charitable donation changes for businesses and individuals. Read more about some of the Act's provisions to get ideas of how to maximize your 2025 and 2026 deductions.
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IRS 1st Quarter 2026 Interest Rates

The IRS 1st Quarter 2026 interest rates will remain the same for the calendar quarter beginning January 1, 2026.
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Retirement Plan Changes for 2026

The Internal Revenue Service has announced the 2026 401(k) contribution limits and guidance on cost-of-living adjustments and other retirement-related items for tax year 2026.
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The 2025-2026 Tax Planning Guide

Our Tax Planning Guide helps keep up with a lot of the current tax law changes. With the passage of the One Big Beautiful Bill Act (OBBBA) on July 4, 2025, many Tax Cuts and Jobs Act (TCJA) provisions, including lower individual tax rates, are now permanent.
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Year-End Tax Planning with Charlie Sparks and Tom Pesch

Podcast - Learn year-end tax planning strategies for 2025 with Olsen Thielen’s Matt Klein, Charlie Sparks, and Tom Pesch. This episode of Q&A Over Coffee covers charitable giving, business deductions, SALT limits, and proactive tax moves to help you save money and prepare for 2026.
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Uncollected Debt? You May Be Able to Claim a Tax Break

If you are having trouble collecting payments from customers, you might be eligible for a bad debt deduction on your 2025 tax return, but you must show that the debt is worthless and meet other requirements.
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Roth IRA Five-Year Rule

Roth IRAs are great to include in retirement planning because they offer tax-free withdrawals. But to take advantage of the Roth's tax-saving potential, you must follow all the rules, including the sometimes misunderstood five-year rule.
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Roundtable: When Government Stops, Business Doesn’t: Navigating the Current Shutdown

In this episode, recorded on Friday, October 17th, Principals Adam Hennen and Daniel Owens discuss the ongoing government shutdown—now entering its third week—and the broad ripple effects it’s having on businesses, consumers, and the economy.
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Electronic POA Registration

The IRS has set up a way to review and sign your POAs (Power of Attorney) online through their platform. By completing the process electronically, it will expedite and shorten the approval process.
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Major Federal Payment Changes Coming Soon

As of September 30, 2025, the federal government will cease issuing and accepting paper checks for nearly all federal payments. Action is needed immediately to deal with this change.
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A Tax-Focused Walk-Through of the One Big Beautiful Bill Act 

The One Big Beautiful Bill Act overhauls the tax code, locking in many 2017 cuts and unveiling new relief for workers, families, and businesses. Read our article for an overview of new rules created by the Act, in addition to extensions or enhancements of existing provisions.
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OBBBA Tax Provisions

The One, Big, Beautiful Bill Act (OBBBA) includes a number of favorable changes that will affect small business taxpayers, and some unfavorable changes too. Find out which OBBBA tax provisions apply to your business.
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Protect Your Business Expense Deductions

If you’re claiming deductions for business meals or vehicle expenses, there are strict substantiation rules that must be followed to protect your business expense deductions.
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Start Up Costs and Taxes

Before you open for business, learn how startup costs are handled on a federal tax return.
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Minnesota Property Tax Refund for Homeowners and Renters

Homeowners and renters in Minnesota may qualify for a valuable tax refund - either the Minnesota Property Tax Refund or Renter's Rebate. Read more to find out if you qualify for either of these programs
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