Articles by

Olsen Thielen

Giving Circles

Giving circles sometimes are confused with crowdsourcing. But these groups of donors tend to be smaller, more focused and more likely to take an active role in supporting charities. Learn more:
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2023 Q2 Tax Deadlines

Here are some of the key 2023 Q2 tax deadlines that apply to businesses and other employers during the second quarter of 2023.
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Strong Cash Flow for Manufacturing

Every manufacturer is different, but strong cash flow for manufacturing companies is essential throughout the industry.  The right cash flow strategies do, however, depend on your situation. Here are some ideas to improve your cash flow.
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Advertising and Marketing Expenses

Under tax law, businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new ones. However, the expenses must be “ordinary and necessary” to be deductible.
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SEP and SIMPLE Retirement Plans

SEP and SIMPLE retirement plans are two options for small business owners consider because they have fewer administrative requirements than a traditional plan. Let’s take a look at a “simplified employee pension” (SEP) or a “savings incentive match plan for employees” (SIMPLE).
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Home Office Expenses

If you’re self-employed and run your business from home or perform certain functions there, you might be able to claim deductions for home office expenses against your business income.
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Heavy SUV Tax Break

If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year than you’d get from a smaller vehicle. The reason has to do with how smaller business cars are depreciated for tax purposes.
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Manufacturing Cyberattacks

Manufacturing cyberattacks are becoming more common and the attacks are designed to disrupt operations and extort money. Here are some ideas to get ahead of the cybercriminals.
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M&A Tax Implications

If you’re considering buying or selling a business, it’s important to understand the M&A tax implications before moving ahead. After the transaction is complete, it may be too late to get the best tax results.
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Tax Savings for Manufacturers

Do you know what are the top tax-saving opportunities for manufacturers in 2023? Once your manufacturing company’s 2022 tax return has been filed, you can focus your efforts on reducing its 2023 tax liability.
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Reason to Renew

When inflation is high, you may need to give your members a reason to renew because it’s common for people to cut expenses by deciding not to renew subscriptions and memberships.
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Value of Tangible Donations

Is the value of tangible donations simply the price a not-for-profit would charge if it sold the goods in a rummage sale or on an auction website?
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Endowment Investments

Endowment investments come with major responsibility and generally need to be managed by a financial expert. And, nonprofit organizations must adhere to certain regulations.
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Business Tax Limit Increases

Business tax limit increases for 2023 have risen more than usual due to inflation.  An array of tax-related limits that affect businesses are indexed annually and here are some that may be important to you and your business.
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Employer-Provided Child Care

Now may be the time for your manufacturing company to consider offering employer-provided child care. The Section 45F tax credit can help offset some of the costs.
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