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2026 Information Reporting Changes

December 15, 2025

If your business has employees or independent contractors, you’re subject to various information reporting requirements. Some significant changes to these rules will go into effect for the 2026 tax year (forms that will be filed in early 2027 to report 2026 amounts).

Business Interest Expense Deduction Changes

December 15, 2025

The rules limiting the business interest expense deduction are complicated. Recent changes could result in larger deductions for 2025 and you need to be aware of the impact on your business.

Six Last-Minute Tax Tips for Businesses

December 12, 2025

It is not too late to consider implementing some last-minute tax tips to reduce your business' 2025 tax bill.

How Will Taxes Affect Your Merger or Acquisition?

December 12, 2025

Selling the business you’ve spent years building or becoming a first-time business owner by buying an existing business might be the biggest financial move you ever make. We can assess the potential merger or acquisition tax consequences before you start negotiating to avoid tax surprises after the deal is signed.

2025 Year-End Tax Moves for Individuals

December 9, 2025

2025 offers unique opportunities for individuals to lower their tax liability before year-end. This article highlights 2025 year-end tax moves to help you make the most of current law before key changes take effect in 2026.

Navigating Inherited Assets

December 5, 2025

Inheriting assets involves complex tax rules and time-sensitive decisions that can impact your financial outcome. This article discusses some of the details heirs need to know about real estate, retirement accounts, and other inherited assets.

2026 Charitable Donation Changes

November 17, 2025

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.

IRS 1st Quarter 2026 Interest Rates

November 14, 2025

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

Retirement Plan Changes for 2026

November 13, 2025

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.

The 2025-2026 Tax Planning Guide

November 10, 2025

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.

Year-End Tax Planning with Charlie Sparks and Tom Pesch

November 6, 2025

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.

Uncollected Debt? You May Be Able to Claim a Tax Break

October 29, 2025

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.

Roth IRA Five-Year Rule

October 29, 2025

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.

Roundtable: When Government Stops, Business Doesn’t: Navigating the Current Shutdown

October 21, 2025

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.

Minnesota Paid Leave Employer Checklist

September 25, 2025

Minnesota’s Paid Family and Medical Leave program launches January 1, 2026, offering employees paid time off and job protection during major life events. Funded through employer-paid premiums, the program requires all Minnesota employers to participate.