Accounting for

Professional Services

We Understand You

You want to build long-lasting relationships with partners who understand the unique complexities of your industry like flow-through tax structures, complex compensation models, increasing fee pressures, and buy-out strategies. As a professional services firm ourselves, Olsen Thielen understands the concerns you face and has the experience and resources to offer timely, proactive advice on important issues to keep your organization compliant, competitive, and efficient. Our clients appreciate the fact that we are large enough to provide them with full-service expertise, yet small enough to give them timely, personal service.

Industry Expertise

Olsen Thielen serves over 150 professional service providers in the following industries:

Because we specialize in this industry, we can provide the financial, tax and consulting expertise that is needed to successfully manage in today’s highly competitive marketplace.  Our professionals are highly experienced in the following areas:

Services for Service Providers

Our professionals work with you to understand your goals and then develop and implement strategies to help achieve them.

Some of the specialized services we offer are:

JUX Law Firm

Case Study

The presence of fraud is increasing and impacting the bottom line of many organizations. When Mark Santi, a Minneapolis-based attorney with JUX Law Firm, was approached by one of his clients who had concerns that he was potentially a victim of fraud in his business, Santi called on the fraud and forensics experts at Olsen Thielen.

Contact a Specialist

Olsen Thielen professionals have built a respected practice geared toward helping our clients not just meet their present-day challenges but also look forward to the future with confidence. Our clients look to us as trusted, strategic partners who have a deep knowledge of their business and priorities. We want to be an extension of your team.

To learn more, contact one of our industry specialists:

Articles & News

These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on deducting website costs. Fortunately, established rules that generally apply to the deductibility of business costs provide business taxpayers launching a website with some guidance as to the proper treatment of the costs.
Many businesses shut down due to the pandemic and the economy. However, tax obligations when going out of business 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.
To help businesses and taxpayers impacted by the pandemic, the Minnesota Department of Revenue provided nexus relief from business income tax and sales and use tax specifically related to telecommuting due to the COVID-19 pandemic.

Associations

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