Technology and Risk

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Stop Reusing the Same and/or Old Passwords!

December 11, 2018

According to the KnowBe4 Security Team (www.knowbe4.com), if you're using the same password for multiple accounts, you're making yourself vulnerable! If the bad guys have your credentials for one site, they can use tools to automatically test those credentials on other sites. So, if you are using the same password

Magen M. Koepp Elected Principal

September 4, 2018

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.

Get Your Financial Statements in Order Before Asking for a Business Loan

August 9, 2018

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.

Michael Bromelkamp to Retire

June 19, 2018

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

Lisa Dunnigan Named Finalist for ORBIE Awards

May 22, 2018

Lisa Dunnigan, Olsen Thielen CIO and Principal was named a finalist for the Twin Cities CIO of the Year ORBIE Awards. The Twin Cities CIO of the Year ORBIE Awards honor chief information officers who have demonstrated excellence in technology leadership.

Competitive Business Health Assessment

May 11, 2018

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.

Change Management Benefits

May 10, 2018

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.

Net Operating Loss Treatment

May 10, 2018

The Tax Cuts and Jobs Act (TCJA) made some significant changes in net operating loss treatment. A net operating loss (NOL) occurs when deductible expenses exceed income. While this is not usually the desired result, the NOL can result in tax benefits when used to offset other income.

Hiring Solvency Experts

May 9, 2018

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

Encourage Use of Your Employee Assistance Program

March 22, 2018

An employee assistance program (EAP) is an employer sponsored program designed to assist employees in resolving personal problems, such as substance dependence, financial or legal woes, or mental health issues.

The Importance of Up-to-Date Job Descriptions

March 12, 2018

Up-to-date, accurate job descriptions form the foundation of every organization’s staffing efforts. Without clear, focused documentation of what each position does, you may struggle to hire and retain good employees

Can Employees’ Off-Work Behavior Put Your Company at Risk?

February 26, 2018

the organization — even when he or she isn’t on the job. However, whether you should take an adverse employment action (such as suspension or termination) against an employee for an outside-of-work incident is a delicate matter.

Putting a Number on Employee Turnover

February 12, 2018

Retaining employees reduces substantial recruiting costs. Unfortunately, many employers still find themselves seemingly helpless to stop the random and sometimes constant departure of skilled workers. One way to diagnose the severity of your turnover trouble is to put a number on it.

Softening the Hard Edges of Technical Staff

January 31, 2018

Technological hardware keeps many organizations running these days. Unfortunately, hard-mannered technical employees can be bad for business.

Joining the Effort to End Sexual Harassment

January 30, 2018

From the world of entertainment to Capitol Hill, allegations of sexual harassment have disrupted the status quo and made headlines at a remarkable rate. Meanwhile, on social media, the #MeToo movement has sparked widespread discussion.