The IRS has launched a new mobile app that replaces IRS2Go, giving taxpayers quick access to refund status, payment history, tax records, IRS notices, and Identity Protection PINs. This article walks through what the app can do and how to use it safely. If something in your IRS account raises
Olsen Thielen Advisor Blog
Nonprofit boards regularly decide on compensation, vendors, and relationships with affiliated organizations. But when someone with influence stands to benefit, those decisions deserve a closer look.
Many small businesses start out as sole proprietorships. This structure is simple and inexpensive to establish and maintain — and it gives the owner direct access to profits without having to take formal distributions. But it also makes your taxes more complicated than when you were a W-2 employee.
Making time for year-end tax planning now may benefit your manufacturing business come tax-filing time next year. Explore some opportunities for 2026.
How much is enough cash on hand for your business? The answer depends on more than a simple rule of thumb. This article breaks down a practical framework for making the decision on how to put your cash to work for you.
Olsen Thielen Principal, Gavin Burnham, CPA, has received the MNCPA Volunteer Excellence Award.
A segmented income statement breaks down revenue and expenses by product line, customer or another useful category, making it easier to spot the segments that are strong and weak performers.
When a property is sold or inherited, the difference between a large tax bill and a smaller one can come down to how well a homeowner documented qualifying capital improvements over the years. A permanent record of qualifying expenses is a simple step.
Q4 tax planning is not a single deadline; it's a series of decisions that each have their own timing. Some strategies require lead time to execute, others depend on an updated year-end forecast, and some work can legitimately carry into the new year.
The IRS has released its 2026-2027 special per diem rates for business travel, and the changes took effect October 1, 2026.
Where fraud hides in a law firm: the fraud triangle, red flags, the internal controls that help, and what to do if you discover a problem.
Discover two strategies to reduce your dental practice’s overhead and maximize profitability while continuing to provide excellent patient care.
The Minnesota Secure Choice Retirement program was created to help employees build financial security for the future. Enrollment deadlines go into effect by the number of employees and the first deadline is June 30, 2026 for employers with 100+ employees.
Beneficial Ownership Information (BOI) reporting has been permanently removed as a requirement for U.S. companies
Podcast: In this episode of Q&A Over Coffee, we are joined by Estate Planning Attorney Zachary Wiegand of Gold Leaf Estate Planning and Olsen Thielen Tax Principal Adam Thielen for an in-depth discussion on estate planning, revocable living trusts, and more.