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Magen M. Koepp Elected Principal

Olsen Thielen is pleased to announce Magen M. Koepp was elected Principal of the firm, effective September 1, 2018. Magen is an Employee Benefit Plan Specialist and has ten years of experience in accounting, auditing and consulting.
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Get Your Financial Statements in Order Before Asking for a Business Loan

As a business owner, if you are considering expanding your company, be sure to get your financial statements in order before asking for a business loan.
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Michael Bromelkamp to Retire

Olsen Thielen Principal, Michael Bromelkamp, is in the process of transitioning from his many responsibilities at Olsen Thielen after 25 years with the Firm.
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Competitive Business Health Assessment

For business owners, it is important to step back and regularly do a competitive business health assessment.  Even a successful business can fall victim to changing market conditions or major disruptions in the industry if they are not paying attention.
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Change Management Benefits

Change is difficult and when change management benefits are carefully considered, a formal approach can minimize the negative fallout and increase the likelihood of achieving your desired change goals, whether it be something as drastic as a merger or as simple as a new software program. 
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Net Operating Loss Treatment

The Tax Cuts and Jobs Act (TCJA) made some significant changes in net operating loss treatment.  A net operating loss (NOL) occurs when deductible expenses exceed income.  While this is not usually the desired result, the NOL can result in tax benefits when used to offset other income.
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Hiring Solvency Experts

Solvency is essential to staying in business and sometimes hiring solvency experts is needed to resolve creditor payment issues.
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Encourage Use of Your Employee Assistance Program

An employee assistance program (EAP) is an employer sponsored program designed to assist employees in resolving personal problems, such as substance dependence, financial or legal woes, or mental health issues.
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The Importance of Up-to-Date Job Descriptions

Up-to-date, accurate job descriptions form the foundation of every organization’s staffing efforts. Without clear, focused documentation of what each position does, you may struggle to hire and retain good employees
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Putting a Number on Employee Turnover

Retaining employees reduces substantial recruiting costs. Unfortunately, many employers still find themselves seemingly helpless to stop the random and sometimes constant departure of skilled workers. One way to diagnose the severity of your turnover trouble is to put a number on it.
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Softening the Hard Edges of Technical Staff

Technological hardware keeps many organizations running these days. Unfortunately, hard-mannered technical employees can be bad for business.
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Joining the Effort to End Sexual Harassment

From the world of entertainment to Capitol Hill, allegations of sexual harassment have disrupted the status quo and made headlines at a remarkable rate. Meanwhile, on social media, the #MeToo movement has sparked widespread discussion.
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Setting Up Your Company’s Fraud Hotline

When employees steal, their colleagues are more likely to be aware of it than the managers in the executive suite, but they may be reluctant to “rat out” fellow workers.
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Tips for a Successful Audit

The end of the year is fast approaching and not only does that mean we are in the holiday season but, for many companies that means it’s time to start preparing for the annual audit. 
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Tools for Uncovering Financial Statement Fraud

Financial statement fraud is committed by intentionally misrepresenting an organization’s financial condition. A perpetrator might do this by omitting or misstating amounts or information to deceive auditors, shareholders and the public. However this fraud is committed, it tends to be one of the most costly schemes for the victimized companies.
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