- August 27, 2024
Struggling with uncollectible debts? This article explains how to manage bad debts, including how to report them, track allowances, and handle unexpected repayments—all while staying compliant with tax rules.
Olsen Thielen Advisor Blog
- August 20, 2024
PODCAST: Join us on this episode of Q&A Over Coffee as we sit down with Tax Principals Scott Hoyles and Joe Mayer to talk about a pressing topic for 2025 – the upcoming sunset of the Tax Cuts and Jobs Act (TCJA).
- August 17, 2024
Many businesses have a choice between using the cash or accrual method of accounting for tax purposes. You choice can affect the taxes you pay, so you need to carefully evaluate the differences.
- August 7, 2024
Much like the nonprofits they support, NFP boards should evolve over time. Learn what nonprofit boards typically look like at different stages of an organization’s life.
- August 2, 2024
Ever wondered how long you could be subject to an IRS audit? Understanding the timeframe for IRS audits, the statute of limitations, and the circumstances that may extend this period is crucial for maintaining proper tax records and ensuring compliance.
- July 31, 2024
Beware of a new IRS scam involving clean energy tax credits, where scammers are misrepresenting the rules to unsuspecting taxpayers. Learn how this scam works and discover tips to protect yourself from falling victim.
- July 29, 2024
You want your business to pay the minimum estimated tax amount without triggering a penalty for underpayment. Keep in mind that the next payment deadline is September 16, 2024.
- July 25, 2024
Not only must your nonprofit avoid excess benefit transactions, but it also must prevent the appearance of private inurement to insiders. The repercussions can be serious.
- July 22, 2024
Whether you’re adding your first robot or your 100th to your production floor, proper planning is critical when investing in automated equipment. We can help determine the costs and whether the investment makes sense for your manufacturing company.
- July 19, 2024
With the rise of legal gambling, sports betting and online gambling, it's crucial to understand the IRS reporting requirements associated with your winnings. Read more to find out the thresholds for different types of gambling and how to report your earnings accurately.
- July 18, 2024
Launching a startup is an exciting venture, but it's easy to overlook some crucial financial aspects. Financial mistakes can make or break your startup's success. Learn how to avoid these common pitfalls and build a thriving business.
- July 15, 2024
Summer is here and tax deadlines are probably the last thing on your mind. But there are some important 2024 Q3 tax payment filing deadlines that businesses and employers can’t afford to forget about.
- July 10, 2024
The IRS is making significant strides in processing Employee Retention Credit claims. Gain a deeper understanding of these recent updates and their implications for your business.
Selling private company stock can be challenging for a non-controlling shareholder. This article explores the critical considerations, from understanding company restrictions to finding the right buyers and planning for taxes.
- July 2, 2024
The deadline for calendar-year nonprofits to file Form 990 with the IRS has come and gone. But it’s never too early to think about reporting responsibilities for the next deadline. Read more for more information activities to track.