Accounting for

Manufacturing & Distribution

Serving Manufacturers Since 1921

Meeting business goals requires overcoming many obstacles, from increasing costs to changing regulatory and tax environments. To succeed, manufacturing and distribution companies need a trusted advisor who understands the industry and has the tax and accounting expertise to help them plan for and capitalize on opportunities. We build long-lasting relationships with clients because we understand the industry and its unique needs and can offer timely, proactive advice. Since 1921, Olsen Thielen has been committed to building strong relationships with clients and earning their trust. Our clients appreciate the fact that we are large enough to provide them with full-service expertise, yet small enough to provide them with timely, personalized service. We offer a wide range of strategic solutions to make your company more efficient, competitive, and profitable.

Industry Expertise

Olsen Thielen serves a diverse set of industries in the following specialized areas:

Services for Manufacturers & Distributors

We understand the constant changes affecting the manufacturing marketplace such as global economic competition, rapidly changing technology, and cost pressure that make it difficult to maintain margins and remain competitive.

Olsen Thielen’s services for the manufacturing and distribution industry aim to help you reduce operating costs, increase efficiency and maximize return on investments.

Faribault Woolen Mill

Case Study

When cousins Paul and Chuck Mooty purchased the Faribault Woolen Mill in 2011, they were drawn to the historic significance of the mill. To assist them, they called on Olsen Thielen CPAs.

Contact a Specialist

Manufacturing and distribution companies face a long list of challenges that require focus, strategic planning, and precise execution. Olsen Thielen’s dedicated Manufacturing and Distribution team focuses their expertise and resources to help your business handle daily pressures and capitalize on the opportunities that emerge in today’s environment. To learn more, contact one of our team members:

Articles & News

The quest for skilled laborers in the manufacturing sector continues. Where can manufacturers turn to fill open positions? One option can also provide substantial tax savings: Hire workers that qualify for the Work Opportunity Tax Credit (WOTC).
The qualified business income, QBI deduction, is available to eligible businesses through 2025. After that, it’s scheduled to disappear unless Congress acts to extend it. So make the most of the tax break while it’s still on the books.
Even if your startup business has little or no income tax liability, you may be eligible for a payroll tax credit election for increasing R&D activities. This tax break got better under the Inflation Reduction Act.

Associations

Olsen Thielen is a proud platinum sponsor of The State of Manufacturing® survey conducted by Enterprise Minnesota.

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