Schmidt and Schmidt CPAs joins olsen thielen CPAs
Schmidt & Schmidt is now a part of Olsen Thielen CPAs and Advisors!
We are looking forward to the opportunities that being part of Olsen Thielen’s long standing and well-established firm offer you, our valued clients. Click here to learn more about this new and exciting partnership.
Your current contacts at Schmidt & Schmidt will remain the same and are now working out of Olsen Thielen’s Eden Prairie office:
Phone: 952-941-9242
Toll-free: 800-866-4521
Address: 300 Prairie Center Dr., Suite 300, Eden Prairie, MN 55344-7908
Click here for directions.
Please explore the Olsen Thielen website for more information on the expanded services now available to you, industry news & insights, access to the Client Portal, and much more!
Articles & News
Determining “reasonable compensation” is a critical issue for owners of C corporations and S corporations. If the IRS believes an owner’s compensation is unreasonably high or low, it may disallow certain deductions or reclassify payments, potentially leading to penalties, back taxes and interest.
Lisa Dunnigan, Principal and Chief Information Officer, will be retiring effective August 31, 2025.
The One Big Beautiful Bill Act overhauls the tax code, locking in many 2017 cuts and unveiling new relief for workers, families, and businesses. Read our article for an overview of new rules created by the Act, in addition to extensions or enhancements of existing provisions.