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Social Security No Match Letter

Starting in the spring of 2019, the Social Security Administration (SSA) has been sending out these letters to alert employers if there’s a discrepancy between the agency’s files and data reported on W-2 forms, which are filed with the IRS.
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Active Fraud Detection

When it comes to reducing fraud loss and duration, active fraud detection methods (such as surprise audits or data monitoring) are far more effective than passive methods (such as confessions or notification by police).  In spite of the effectiveness of the active methods, many companies fail to use them to their full
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Background Checks Help Cover all the Bases

Background checks don’t inoculate companies against occupational fraud and other criminal acts by employees. After all, many thieves have never been caught and, therefore, have no criminal background.
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Corporate Espionage

Corporate espionage involves the theft of information that hasn’t been made public and each year businesses lose billions of dollars in intellectual property (IP) from thieves stealing trade secrets.
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Social Security Phone Scam

Identify theft is a growing problem for consumers, and the latest tool in the scammers arsenal is the Social Security Phone Scam. 
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Robocall Scam

According to the KnowBe4 Security Team (www.KnowBe4.com), be on the lookout for a popular robocall scam that is tricking people into believing their Social Security number (SSN) has been suspended.
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Entrepreneurs and Start-Up Expenses

For start-ups, before you even open the doors, you generally have to spend a lot of money to train workers and pay for rent, utilities, marketing and more. Entrepreneurs sometimes are surprised to find out that many expenses can’t be deducted right away.
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Restricted versus Unrestricted Gifts

Nonprofit organizations rely on donor gifts to achieve their objectives. There are two kinds of gifts, restricted--that come with conditions attached; and unrestricted, that can be added to general operating funds and used where needed.. 
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Leasing or Buying Equipment

Have you ever wondered if leasing or buying equipment would be more tax efficient for your business? Recent changes to federal tax law and accounting rules could affect whether you make the decision to lease or buy equipment or other fixed assets.
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Magen M. Koepp Elected Principal

Olsen Thielen is pleased to announce Magen M. Koepp was elected Principal of the firm, effective September 1, 2018. Magen is an Employee Benefit Plan Specialist and has ten years of experience in accounting, auditing and consulting.
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Get Your Financial Statements in Order Before Asking for a Business Loan

As a business owner, if you are considering expanding your company, be sure to get your financial statements in order before asking for a business loan.
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Michael Bromelkamp to Retire

Olsen Thielen Principal, Michael Bromelkamp, is in the process of transitioning from his many responsibilities at Olsen Thielen after 25 years with the Firm.
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Competitive Business Health Assessment

For business owners, it is important to step back and regularly do a competitive business health assessment.  Even a successful business can fall victim to changing market conditions or major disruptions in the industry if they are not paying attention.
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Change Management Benefits

Change is difficult and when change management benefits are carefully considered, a formal approach can minimize the negative fallout and increase the likelihood of achieving your desired change goals, whether it be something as drastic as a merger or as simple as a new software program. 
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Hiring Solvency Experts

Solvency is essential to staying in business and sometimes hiring solvency experts is needed to resolve creditor payment issues.
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