- February 24, 2021
Fraud and embezzlement schemes cost not-for-profit organizations more than just money. The hit to a group’s reputation may scare off donors, grantmakers, and other supporters.
Olsen Thielen Advisor Blog
- February 22, 2021
During the past year, many more people are working from home. If you’re self-employed and run your business from your home or perform certain functions there, you might be able to claim deductions for home office expenses against your business income.
- February 18, 2021
In 2020, many people joined the gig economy to help make ends meet during the pandemic. Whether it’s a side business or a primary source of income, all taxpayers need to understand how their gig work affects their taxes.
- February 18, 2021
With the competition for donation dollars fierce right now, many not-for-profits are turning to influencers — from Hollywood celebrities to politicians to blog stars — to raise awareness of their organizations and causes.
- February 16, 2021
If you are considering buying or selling another business, it’s important to understand the tax implications.
- February 5, 2021
If your nonprofit has lost financial support during the pandemic, you may be looking for new ways to generate revenue. However, you need to be very careful if the proposed solution is a side business.
- January 27, 2021
It’s been almost a year since many not-for-profit organizations sent staffers home — to work remotely. For many nonprofits and employees, remote work has been a positive experience.
- January 14, 2021
Did you know that your business may be eligible for a federal tax credit simply by hiring certain qualified employees?
- December 17, 2020
If the events of 2020 have taught not-for-profits anything, it’s that financial reserves are essential to long-term survival. An endowment is different from operating reserves and generally is designed to provide a steady income to a nonprofit while its core investments grow untouched.
- December 14, 2020
After a long and remarkable career, Linda Nelson has decided that effective December 31, 2020, she will be retiring from Olsen Thielen. We want to thank Linda for her knowledge, dedication, and everything she did for clients and colleagues.
- December 10, 2020
We are pleased to congratulate Olsen Thielen's principal, Magen Koepp, for being named a Top Women in Finance 2020 Honoree. Finance & Commerce has honored Minnesota’s Top Women in Finance each year since 2001.
- December 10, 2020
Charitable giving is typically more common during the holidays. Holiday-inspired generosity and the desire to reduce tax liability makes the end of the year a busy time for charitable giving.
- December 1, 2020
S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that the business will incur losses in its early years because shareholders in a C corporation generally get no tax benefit from such losses.
- November 20, 2020
Delegation ideally gives not-for-profit executives time to focus on mission-critical tasks and provides growth opportunities to staffers. However, you need to approach delegation strategically.
- November 19, 2020
Employee health care benefit costs keep increasing. As a result, your small business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA).