Technology and Risk

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An S-Corp Could Cut Self-Employment Tax

If your business is organized as a sole proprietorship or as a wholly-owned limited liability company (LLC), you’re subject to both income tax and self-employment tax.
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2022 Health Saving Accounts Amounts

The IRS recently released guidance providing the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs).
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Business Energy Credit for Alternative Energy

If you are interested in alternative energy technologies to help manage your business energy costs, there’s a valuable federal income tax benefit (the business energy credit) that applies to the acquisition of many types of alternative energy property.
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Reasonable Compensation for a Corporate Business Owner

Owners of incorporated businesses know that there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends.
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Olsen Thielen Celebrates 100 Years

Nearly 100 years ago, Olsen Thielen was founded on the belief that personal attention, trust, and quality service were the key elements to helping our clients succeed, and that commitment remains.  commitment to their clients and their community. 
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Key Bonus Depreciation Points to Remember

You’re probably aware of the 100% bonus depreciation tax break that’s available for a wide range of qualifying property. Here are five important points to be aware of when it comes to this powerful tax-saving tool.
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Cybersecurity with a Remote Workforce

VIDEO: The increased use of collaboration and cloud technologies have enabled employees to stay productive while working from home, but have also increased the risk of phishing attacks, online fraud and cyber attacks. In this short video, we will provide 7 steps to protecting yourself and your company.
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Thinking of Opening Your Own Business?

Have you ever thought about opening your own business?  If so, you will join the group of people who launch small businesses and start out as sole proprietors. Here are nine important tax rules and considerations that sole proprietors need to keep in mind.
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Top 7 Internal Controls to Prevent Fraud

VIDEO: All companies are susceptible to and will likely experience fraud at some point. In this video, you will learn about simple and easy to implement controls and processes.
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New Principals Elected

We are pleased to announce Matthew J. Klein and Nathaniel L. Nelson have been elected Principals of the firm, effective September 1, 2019. With their election, Olsen Thielen now has 21 Principals and over 86 staff.
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Ask the Right Questions About Your Cybersecurity Risk

Business owners only need to turn on the news to learn about the latest data breach or attack of ransomware. But when it comes to their own business’ security, are they asking the right questions to ensure they are doing all they can to prepare for the rising tide of
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Fraud Risk Assessment

Publicly traded companies must conduct fraud risk assessments but privately held businesses aren't subject to the the same fraud risk assessment requirements. 
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Social Security No Match Letter

Starting in the spring of 2019, the Social Security Administration (SSA) has been sending out these letters to alert employers if there’s a discrepancy between the agency’s files and data reported on W-2 forms, which are filed with the IRS.
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Active Fraud Detection

When it comes to reducing fraud loss and duration, active fraud detection methods (such as surprise audits or data monitoring) are far more effective than passive methods (such as confessions or notification by police).  In spite of the effectiveness of the active methods, many companies fail to use them to their full
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Background Checks Help Cover all the Bases

Background checks don’t inoculate companies against occupational fraud and other criminal acts by employees. After all, many thieves have never been caught and, therefore, have no criminal background.
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