Articles by

Olsen Thielen

Scott Hoyles Receives ABV Designation

Olsen Thielen is happy to announce that one of our Tax Principals, Scott Hoyles, has been awarded the Accredited in Business Valuation (ABV) designation from the American Institute of Certified Public Accountants (AICPA).
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How to Recruit and Retain Young Board Members

Not-for-profit organizations are constantly trying to recruit and retain quality members for their board of directors (board).  An ingredient for a quality board is diversity in ideology and thought process.  One easy way to create a diverse culture within a board is to recruit and retain young professionals.
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Olsen Thielen Celebrates 95th Anniversary

Olsen Thielen & Co. Ltd. is proud to be celebrating our 95th anniversary year.  The firm was founded in 1921 on the belief that personal attention, trust, and quality service were the key elements to helping our clients succeed. 
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Andrea L. Addo Elected Principal

We are pleased to announce that Andrea Addo was elected Principal of the firm, effective September 1, 2016.
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Wishing Tom Farm the Best in His Retirement

Tom retired from Olsen Thielen as a Principal and shareholder on September 1, 2016, after a long and distinguished career.
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Do You Know How Much Your Business is Worth?

As the owner of a small or closely-held business you likely consider your enterprise to be your life’s work. It is an area you have poured tremendous time, energy, and money into to build an important portion of the legacy you will leave behind.
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A Story of Commitment

Olsen Thielen was founded on the belief that personal attention, trusted advice, and quality service are the key elements to helping our clients succeed. Time and again, business owners and individuals have taken Olsen Thielen professionals into their confidence – to gain insight on business challenges beyond just tax returns
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Should You Consider a Trust?

A trust can help you pass wealth efficiently and privately to your heirs. Perhaps the most powerful way to use a trust is to ensure that your heirs have timely access to your assets. When you transfer your assets to your beneficiaries through a Will, your estate is settled through
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Information Technology – Commodity or Strategy?

Small businesses are always on the lookout for what can differentiate them in the marketplace, but are they overlooking a common business tool? Information technology (IT) is often thought of as the tool used for general back office functions and office employee productivity. Without these basic functions, businesses would come
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The Top 10 Things Every CEO Needs to Do

There are ten fundamental information security practices that should be followed in every organization: Think Right, Get Help, Get Involved, Lead, Plan, Set Goals, Measure, Seek, Encourage and Prepare. Some of these things you can delegate to others, and some of these thing you can’t. As CEO you need to
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Tips for Writing a Company Security Policy

Every day there are tens of thousands of new threats created, and most of them will be delivered to your employees in the form of an innocent looking email, a shared file, or an infected website. A simple click of their mouse will invite it in to your network. So
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Prepare Your Business For Sale

As economic conditions have improved and the number of baby-boomers ready for retirement has grown, we have seen a dramatic increase in the sale of private companies here in Minnesota and in the United States.
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Tax Scams Do Not End With the Tax Season

Once the tax filing season is over doesn't mean that tax scams have ended. Taxpayers face the threat of tax scams at any time because it is highly profitable for fraudsters year round. IRS phone scams, in particular, can be carried out any time of the year.
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Why is IRS Form 990 so Important?

Form 990 is the annual information return filed by tax-exempt organizations with the Internal Revenue Service, and provides a wealth of information to the IRS and to readers of the return. Form 990 is a public document, meaning anyone can ask to see your association’s 990, and you are required
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Identity Theft Epidemic

According to Steve Lapppenbusch, Ph.D., of LexisNexis Risk Solutions: "An identity is stolen every three seconds--adding up to about 27,000 per day."
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