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Qualified Overtime Compensation Deduction

April 2, 2026

The IRS has issued guidance for the qualified overtime compensation deduction, effective for tax years 2025 through 2028. Eligible workers must meet specific eligibility requirements, including valid Social Security numbers and certain filing status conditions.

Strategic Moves for Building a Financial Foundation for Kids

March 31, 2026

For many parents, providing financial security for their children is a top priority. But building a financial foundation for kids involves more than funding college or opening a savings account.

An HSA is a Long-Term Healthcare Reserve

March 27, 2026

Most people use their HSA like a medical debit card, but the account is capable of much more. With a rare triple tax advantage and flexible reimbursement rules, the HSA can serve as a powerful long-term healthcare reserve. Read on to learn how to make the most of it.

Budgeting Tips for Manufacturers

March 25, 2026

For manufacturers, drafting an accurate budget can improve operational discipline and position the company to respond more effectively to market changes and unexpected challenges. The following budgeting tips for manufacturers are a great starting point for developing an accurate and reasonable budget.

Rolling Forecasts Provide Greater Flexibility for Manufacturers

March 11, 2026

Manufacturers are rethinking how they model their forecasts. This includes moving away from traditional static forecasts toward more flexible rolling forecasts that are updated regularly.

Manufacturers: Manage Inventory to Boost Working Capital

March 4, 2026

Strategic inventory management can boost working capital by unlocking cash already inside the business. Start now to build an inventory strategy that balances liquidity with operational needs.

Meet the Olsen Thielen Client Advisory Services (CAS) Team

February 19, 2026

Video: Meet the Olsen Thielen Client Advisory Services (CAS) Team.

Electronic Payments Update – IMPORTANT

February 11, 2026

The United States federal government is advancing the transition to fully electronic payments to and from the IRS. The transition to electronic payments started on September 30, 2025.

Budgeting Tips for Manufacturers

February 10, 2026

For manufacturers, an accurate and reasonable budget can help with strategic planning, improve cash flow, and make it easier to secure financing. We have put together some budgeting tips for manufacturers to consider when budgeting time comes around.

Small Business Health Care Coverage Credit

February 9, 2026

Tax credits reduce tax liability dollar-for-dollar and can be more valuable than deductions, which reduce only the amount of income subject to tax. One tax credit that may be valuable is the small business health care coverage credit for small businesses who provide health insurance coverage to employees.

Don’t Lose Your S Corporation Status

January 21, 2026

Because of the strict requirements that apply to S corporation entities, preserving S corporation status requires due diligence to avoid inadvertent termination of S corporation status, among other things.

Forms W-2 and 1099-NEC Due February 2, 2026

January 19, 2026

Forms W-2 and 1099-NEC normally must be filed by January 31 of the following year. But, in 2026, January 31 falls on a Saturday, so the due date has been moved to February 2.

Pass-Through Entity Tax Filing

January 16, 2026

Pass-through entities generally don’t owe federal income tax at the entity level, but they still must file federal income tax returns. These entities include partnerships, limited liability companies treated as partnerships for tax purposes and S corporations.

Succession Planning for Manufacturers

January 14, 2026

Succession planning is one of the most important responsibilities of a manufacturing business owner. By identifying and training future leaders early, you can create a smoother handoff and help safeguard your company’s operational integrity.

Energy Tax Incentives to Expire

January 8, 2026

The Sec. 179D deduction for energy-efficient commercial building improvements provides energy tax incentives to businesses, including manufacturers, to immediately write off the cost of eligible improvements, will expire June 30, 2026.