- December 1, 2022
The tax implications when selling a manufacturing business can impact your tax bill and therefore, your net proceeds from the sale.
Olsen Thielen Advisor Blog
- November 30, 2022
Manufacturers need to conduct a periodic review of their buy-sell agreement and modify its language to reflect changing circumstances.
- November 29, 2022
If your not-for-profit is looking for workers, you might want to consider hiring military veterans. This demographic can have a harder time finding civilian jobs, and tax breaks may be available for employers who hire them.
- November 29, 2022
A company's structure affects taxes and for decades, owners of small to midsize manufacturing companies have opted for the S corporation form of ownership, rather than being subject to the double taxation of C corporations. However, in recent years the limited liability company (LLC) has become another popular alternative.
- November 16, 2022
Your choice of business entity can affect your taxes, your personal liability, and other issues. A limited liability company (LLC) is somewhat of a hybrid entity in that it can be structured to resemble a corporation for owner liability purposes and a partnership for federal tax purposes.
- November 16, 2022
Certain employers have the requirement of reporting employee health coverage. Do you know if your business has to comply, and if so, what must be done?
- November 14, 2022
Many federal and state grants are available and currently accepting applications or awarding funds for service providers to expand broadband access in rural areas.
- November 4, 2022
In these difficult economic times, here are some tips on optimizing your business in the professional services industry.
- October 5, 2022
A Code of Ethics is more than limiting potential fraud losses. It also provides nonprofit organizations with an opportunity to document and disseminate its core values.
- October 4, 2022
Do you own a successful small business with no employees and want to set up a retirement plan? Or do you want to upgrade from a SIMPLE IRA or Simplified Employee Pension (SEP) plan? Consider a solo 401(k) to build a solo 401(k) nest egg for your retirement.
- August 11, 2022
As your child begins to earn money from a job, it’s a great time to teach them about saving for the future. While a savings account is a great start, an even better opportunity is to open an IRA. With an IRA, your child can invest their hard-earned funds and
- August 11, 2022
Be a nonprofit revenue detective. You don’t have to wait for the next scheduled audit to assess your nonprofit’s financial health. Follow the lead of your professional auditors and focus on analyzing your revenue.
- August 10, 2022
No not-for-profit wants to turn down donations — particularly if they’re large. But, you need to decide is a donation worth bad publicity? Bad publicity, particularly if it hits social media and goes viral, can be far more expensive for your organization in the long run.
- August 1, 2022
Manufacturers operating in more than one state may be subject to multi-state taxation. But with proper planning, you can potentially lower your company’s state tax liability.
- July 12, 2022
Many businesses shut down due to the pandemic and the economy. However, going out of business tax obligations need to be met. First, a business must file a final income tax return and other related forms for the year it closes its doors.