- August 22, 2023
If your manufacturing company is looking to reduce its tax bill, it’s important to familiarize yourself with the General Business Credit (GBC) which is a collection of credits scattered throughout the tax code.
Olsen Thielen Advisor Blog
- August 22, 2023
If your business receives more than $10,000 in cash or cash equivalents in one transaction (or two or more related transactions), you’re generally required to report these large cash transactions to the IRS — and not just on your tax return.
- August 22, 2023
Has your manufacturing company considered reshoring production to the United States? There are plusses and minuses to weigh before making a final decision.
- August 21, 2023
Change is good for all organizations and new ideas for nonprofits bring innovation that makes it easier to achieve, and even expand, the nonprofit's mission.
- August 21, 2023
You can operate your small business in several ways. For example, your entity can be a sole proprietorship, an S corporation or a partnership. There are some LLC advantages you should be aware of.
- August 16, 2023
If your nonprofit hopes to land a large gift, it needs to go to the source: high net worth donors. Learn more about wealthy philanthropists and how to get their attention.
- August 15, 2023
Good public relations can mean many things. But for a public charity, it means frequently, rather than occasionally, using the media to communicate with prospective supporters about successes, challenges and opportunities.
- August 10, 2023
Inefficient accounting processes and errors can cost a nonprofit time and money. Here are some tips on how to find and fix less than perfect accounting processes.
- July 31, 2023
When spending money personally on behalf of your closely held corporation, you want to ensure the expenses are tax deductible by either you or the business.
- July 27, 2023
Year-end adjustments to nonprofit financial statements reflect differences between the cash basis accounting method and the accrual accounting method. Learn how to reduce the adjustments.
- July 26, 2023
Leased office space is most likely one of the largest line items in a nonprofit's budget. Now may be a good time to reassess office space needs and possibly downsize or change how you use your space.
- July 25, 2023
When employment taxes aren't paid to the government, the Trust Fund Recovery Penalty is personally imposed on certain business owners and managers. Here are the rules, along with two cases where individuals were held liable and hit with the harsh penalty.
- July 25, 2023
Have you noticed dramatic spending variances from your nonprofit’s budget? What about declining donations? Don’t ignore these nonprofit warning signs. Find out what’s causing them and tackle the underlying issues.
- July 25, 2023
If you’re a new entrepreneur, you may not know that many of the expenses incurred by your new business can’t be currently deducted on your tax return. You should be aware that the way you handle some of your initial expenses can make a difference in your federal tax bill.
- July 21, 2023
PODCAST: Our second episode of Q&A Over Coffee focuses on how to most effectively take advantage of accelerated depreciation of fixed assets. Our very own Zachary Deo, Tax Director, joins us to discuss tax planning and compliance and offers his tips on accelerated depreciation.