Olsen Thielen Advisor Blog
- February 6, 2024
PODCAST: Questions on the new Beneficial Ownership Information Reporting requirements? Check out our handout today for more information on what the requirements are, who they apply to, reporting deadlines, and links to additional resources and the FinCEN e-filing portal.
- February 5, 2024
PODCAST: Join us as we explore Trusts & Estates with our guest, attorney Zach Wiegand, at Gold Leaf Estate Planning and our own Trust & Estate expert, principal Adam Thielen. Together, we unravel the complexities of Gift & Estate Exclusion Rates and guide first-time estate executors through the process of
- February 5, 2024
The estate and gift tax exclusion is increasing in 2023 to an all-time high, but set to be cut in half by 2026. Read more to learn about how you can best take advantage of this opportunity today and for an analysis of several different gifting options available to you.
- February 1, 2024
PODCAST: In this episode, Olsen Thielen’s resident expert on PTE, Tax Director Zach Deo, joins us to provide more information on just what the PTE is and why it’s a good option for many business owners here in Minnesota. If you’re a business owner looking to save on your federal
- January 30, 2024
Randy dives into the important topic of Beneficial Ownership and how to report BOI. There is information pertaining to many businesses that needs to be reported including Tax Payer ID Number, jurisdiction information, and more.
- January 29, 2024
The MN Department of Revenue has released information on changes for new and existing tax laws in 2024.
- January 23, 2024
Considering selling your business? Check out the latest Q&A Over Coffee podcast episode I Want Out: Planning Your Exit with our guest Randy Krivo, Senior M&A Advisor at True North Mergers & Acquisitions to begin thinking about next steps when you determine it may be time to retire or sell
- January 10, 2024
In recent years, the IRS has increased its scrutiny of nonprofit compliance. Failure to file Form 990 for three consecutive years can lead to automatic exempt status revocation, and other violations can trigger IRS investigations.
- January 7, 2024
A nonprofit merger with a like-minded organization potentially enables you to pool funds, staff, and supporters — temporarily or permanently.
- January 5, 2024
Although uncommon, donors can change their minds and may ask your not-for-profit to return a gift. You need to look at the problem and find a solution.
- January 5, 2024
For many employees, the use of a company car is a cherished perk. But before you hand over the keys, make sure you understand the rules that apply to a company car and taxes.
- January 4, 2024
The IRS has announced various federal inflation-adjusted rates. Here’s a rundown of the amounts that are most likely to affect small businesses and their owners.
- January 4, 2024
Strong internal controls reduce risk for nonprofits but trust and internal controls can coexist.
- January 3, 2024
In the first quarter of 2024, businesses face several tax-related deadlines. Here are some key due dates and obligations.