- December 3, 2024
Whether managing personal finances or running a business, it is important to have a list of questions to ask your CPA for informed decision-making.
Olsen Thielen Advisor Blog
- November 27, 2024
Take advantage of increased catch-up limits to 401k contributions beginning in 2025 for individuals aged 50-63. This includes the new super catch-up contributions put into place as a part of the Secure 2.0 Act legislation.
- November 25, 2024
The United States is grappling with an escalating national debt that now exceeds $35 trillion, a staggering burden with far-reaching economic implications. Explore the causes, current state, and potential solutions to this pressing issue, and understand what it means for our future.
- November 25, 2024
The Federal Trade Commission has implemented new rules to crack down on fake reviews, aiming to restore consumer trust and promote fairness in the online marketplace. These regulations target deceptive practices like fabricated reviews, bought endorsements, and undisclosed conflicts of interest.
- November 21, 2024
Year-end tax moves can help small business owners face crucial tax planning decisions that can impact their financial health. This article offers strategic insights to optimize your tax position before ringing in the new year.
- November 21, 2024
As December 31 approaches, it's time to look at year-end tax strategies for individuals. You need to assess current tax situation, understand deductions, maximize retirement contributions and manage investment gains.
- November 20, 2024
The IRS has announced significant inflation adjustments for the 2025 tax year, impacting standard deductions, income tax brackets, and various tax credits. Discover how the updates could affect your tax strategy and financial future.
Olsen Thielen is a long time supporter of the VHEDC, it’s members and mission, and we are honored to receive the VHEDC Keith Warner Standard of Excellence award. Our engagement in the community and volunteer groups is vital to our staff and who we are as a firm.
- November 6, 2024
If you’re the owner of a pass-through entity, the federal income tax rules for gains from the sale of business real estate or vacant land may be more complicated than you thought.
- November 1, 2024
One crucial aspect of offering employee health coverage is understanding the reporting requirements of federal agencies such as the IRS. Does your business have to comply, and if so, what must you do?
- November 1, 2024
The IRS announced the 2025 401(k) limit increases and issued technical guidance on cost of living adjustments. Read more the see how these increases could affect you.
- November 1, 2024
New MN renter property tax refund changes affect renters and property owners, managers and landlords, and involve changes to submission of Certificate of Rent Paid and how renters receive payment of the credit.
- October 30, 2024
A business valuation professional can provide an objective estimate of your manufacturing company’s worth. This can be beneficial not only if you’re selling your business but also if you’re seeking financing, drafting a buy-sell agreement or estate planning.
- October 29, 2024
Many IRS audits are routine. However, taking a meticulous, proactive approach to tracking, documenting and filing your company’s tax-related information will make an audit more manageable if your business is selected.
- October 28, 2024
Tax planning strategies must evolve as your situation changes, whether due to life events, economic developments, or new tax laws. Our 2024-2025 Tax Planning Guide can help explain the best tax planning strategies for you to save the most on your 2024 taxes.