- June 23, 2023
As of July 1, 2023, Minnesota will prohibit employers from requiring employees to sign non-compete agreements restricting their employment options upon termination.
Olsen Thielen Advisor Blog
- June 22, 2023
If your business has a choice to deduct real estate expenses or depreciate them over several years, the decision may seem simple. But there are a number of factors to consider.
- June 22, 2023
Trusts are an essential tool for estate planning, but trust taxation implications can be confusing. You need to understand the differences between the types of trusts to determine which is best for your unique financial situation and goals.
- June 21, 2023
If you and your employees are traveling for business, there are a number of things to consider to be able to claim business travel deductions. Under tax law, you must meet certain requirements for out-of-town business travel within the U.S.
- June 21, 2023
Business meal and vehicle expenses are a magnet for IRS review. If you claim deductions for them, it’s important to comply with the strict tax law substantiation requirements. Keep these DOs and DON’Ts in mind.
- June 21, 2023
Here are some of the key tax-related 2023 Q3 tax deadlines affecting businesses and employers. This list isn’t all-inclusive, so there may be additional deadlines that apply to you.
- June 19, 2023
Nonprofits are obligated to track time worked by both hourly and salaried workers, so it is critical to know what’s required and to implement timekeeping best practices.
- June 16, 2023
Your nonprofit may do everything by the book and still be selected for an IRS audit. Don’t panic! We can explain the typical correspondence audit process and how to get through it.
- June 15, 2023
Manufacturers: The promise of big data analytics is improving product quality, increasing productivity, reducing waste, and minimizing variability with only minor adjustments to your manufacturing process.
- June 15, 2023
To control expenses and improve delivery of your not-for-profit’s services, there are four key ratios that should be monitored regularly.
- June 14, 2023
Even if your nonprofit has implemented solid internal controls, occupational fraud can strike. However, a fraud recovery plan can help reassure stakeholders and get your organization back up and running.
- June 13, 2023
Charitable auctions can be an effective way for nonprofits to raise funds. But they can also trip up nonprofits (and donors) that don’t follow tax rules. Here are some of the most important issues.
- June 13, 2023
These days, many businesses are filling vacant positions and saving money by using independent contractors. Here are the basic rules to help keep you out of trouble with the IRS.
- June 12, 2023
Education benefits help attract, retain and motivate employees. One popular fringe benefit is an education assistance program that allows employees to continue learning and perhaps earn a degree with financial assistance from their employer.
- June 12, 2023
There is a way to make business losses less painful. Using the federal tax code may help soften the blow by allowing businesses to apply losses to offset taxable income in future years, subject to certain limitations.