- May 13, 2025
Real estate professionals can use an exception when deducting rental real estate losses, as long as certain requirements are met.
Olsen Thielen Advisor Blog
- April 25, 2025
Has your nonprofit lost its tax-exempt status because you forgot to file information returns? The good news is that most organizations can file for reinstatement from the IRS.
- April 18, 2025
A financial crisis can hit at any time, and a financial cushion can help you manage acute shortfalls. If your nonprofit’s operating reserves are low or nonexistent, start looking for ways to build them.
- April 17, 2025
Moving your manufacturing business/production, back to the United States is no small endeavor and comes with many factors to consider before making the move.
- April 14, 2025
If you own a small business it may pay to hire your child. In addition to tax savings, you also may be able to achieve Social Security tax savings (if your business isn’t incorporated) and your child may even be able to make retirement plan contributions.
- April 7, 2025
Hiring nannies or housekeepers brings convenience but also labels you as an employer with household employees. As an employer. you have additional tax obligations and need to stay compliant in classifying workers correctly and navigating Social Security and unemployment taxes.
- April 2, 2025
Payroll tax compliance is crucial for small businesses. Mistakes can lead to fines, strained employee relationships, and even legal consequences. This article has tips to help you stay on track.
- March 31, 2025
As of May 1, 2025, Minnesota residents must comply with the REAL ID Act, that was passed by Congress in 2005. The Act set certain standards for states to issue driver's licenses and identification (ID) cards that will be accepted by federal agencies to board domestic flights and enter some federal buildings.
- March 28, 2025
Looking to donate or gift non-cash assets? Don't do it without understanding the IRS appraisal rules first. Not following the rules could have unexpected tax complications in spite of your generosity.
- March 26, 2025
Addressing manufacturing cybersecurity risks is more critical than ever for manufacturers as they increasingly integrate advanced technologies into their operations. While these innovations boost productivity, they also expand potential areas for cyberattacks.
Discover how 1031 exchanges can be a game-changer for real estate investors, offering a strategy to defer capital gains taxes while reinvesting in like-kind properties. This guide dives into the mechanics, eligibility, and potential pitfalls of executing a successful 1031 exchange.
- March 25, 2025
The IRS has announced that interest rates on tax overpayments and underpayments will remain unchanged for the second quarter of 2025. Individuals and businesses should take note of these rates, as they impact potential interest owed or earned on tax balances.
- March 24, 2025
VIDEO: Discover how a Fractional CFO can help your business with budgeting, forecasting, and cash flow management—expert insights from Adam Hennen at Olsen Thielen.
- March 24, 2025
If your nonprofit is facing a budget crisis and needs to cut costs, there are other possible ways to cut costs than laying off staff. Read more about possible solutions for your organization.
- March 20, 2025
When it’s time to consider your company's future, business succession planning can protect your legacy and successfully set up the next generation of leaders or owners. Business succession options have tax implications. Read to learn more.