Olsen Thielen is a long time supporter of the VHEDC, it’s members, and it’s mission, and we are grateful to be recognized as this year’s award recipient. Our continuous engagement in the community we live and work in through our involvement in associations, committees, and volunteer groups is so vital
Olsen Thielen Advisor Blog
- November 6, 2024
If you’re the owner of a pass-through entity, the federal income tax rules for gains from the sale of business real estate or vacant land may be more complicated than you thought.
- November 1, 2024
One crucial aspect of offering employee health coverage is understanding the reporting requirements of federal agencies such as the IRS. Does your business have to comply, and if so, what must you do?
- November 1, 2024
The IRS announced the 2025 401(k) limit increases and issued technical guidance on cost of living adjustments. Read more the see how these increases could affect you.
- November 1, 2024
New MN renter property tax refund changes affect both renters and property owners/managers/landlords, and involve changes to submission of Certificate of Rent Paid and how renters receive payment of the credit.
- October 30, 2024
A business valuation professional can provide an objective estimate of your manufacturing company’s worth. This can be beneficial not only if you’re selling your business but also if you’re seeking financing, drafting a buy-sell agreement or estate planning.
- October 29, 2024
Many IRS audits are routine. However, taking a meticulous, proactive approach to tracking, documenting and filing your company’s tax-related information will make an audit more manageable if your business is selected.
- October 28, 2024
Do your tax planning strategies need a refresh? Our 2024-2025 Tax Planning Guide can help explain the best tax planning strategies for you. Tax planning strategies must evolve as your situation changes, whether due to life events, economic developments, or new tax laws. To save the most on your 2024
- October 24, 2024
As the year draws to a close, it’s generally manufacturers’ last chance to implement year-end tax planning strategies to reduce their 2024 tax liability. Making time right now could prove to be very beneficial in the upcoming tax season.
- October 23, 2024
Year-end is fast approaching, and for high-income earners and gig workers, it's the perfect time to review your tax withholding. This article will explain why this check is crucial and how it could potentially help you avoid a hefty tax bill.
- October 22, 2024
The 2025 Social Security wage base increase was recently announced by the Social Security Administration. The threshold will increase to $176,100, up from $168,600 in 2024.
- October 22, 2024
The Internal Revenue Service announced the annual inflation adjustments for tax year 2025, that will impact taxpayers when they file their returns in 2026.
- October 21, 2024
Many states require employers to maintain workers' comp and UI insurance. Managing these costs is crucial for manufacturers to preserve financial stability.
- October 8, 2024
Think you can spot misleading tax advice online? You might be surprised. Discover how even savvy individuals can fall prey to dubious claims and learn the red flags to watch out for.
- September 30, 2024
We’ll be saying goodbye to 2024 in no time. Here are some year-end tax planning ideas that may help your small business save on taxes.