Olsen Thielen Advisor Blog

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Check Your Tax Withholding

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.
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2025 Social Security Wage Base Increase

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.
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Tax Year 2025 Inflation Adjustments

The Internal Revenue Service announced the annual inflation adjustments for tax year 2025, that will impact taxpayers when they file their returns in 2026.
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Workers’ Comp and UI for Manufacturers

Many states require employers to maintain workers' comp and UI insurance. Managing these costs is crucial for manufacturers to preserve financial stability.
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How to Spot Tax Red Flags When Browsing

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.
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Year-End Tax Planning for Small Businesses

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.
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2024 Q4 Tax Deadlines

Here are some of the key 2024 Q4 tax deadlines affecting businesses and other employers. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you.
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Handling NonProfit Pledges

Your nonprofit may prefer donations (or immediate support) to pledges, which are usually promises to donate in the future. But if you do receive pledges, make sure to account for them properly.
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Minnesota’s New Paid Leave Program

Minnesota's new Paid Leave Program goes into effect on January 1, 2026. Employers should be aware of the new program - who is eligible, information on funding and benefit structure of the program, and their responsibilities including the initial reporting deadline coming up on October 31, 2024.
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Benefit of an LLC

Choosing the right business entity is a key decision for any business. The entity you pick can affect your tax bill, your personal liability and other issues. For many businesses, the benefit of an LLC is an attractive choice.
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Tax Rules of Selling Business Property

There are complex tax implications that may apply when selling business property used in your trade or business. Rules apply to gains and losses and the amount of time you have had the business property.
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Manufacturing Start-Up Costs

Starting a manufacturing company isn’t cheap, and start-up costs can be substantial to acquire a facility, equipment and materials. Luckily, some start-up costs may be deductible for income tax purposes.
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M&A Activity in 2024

Understand the M&A trends in 2024 and how businesses are leveraging these opportunities to strengthen their market position.
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New Olsen Thielen Principals Elected

Olsen Thielen has elected four new principals to our firm leadership including: Rob Mathewson, Tony Oman, Charlie Sparks, and Carrie Sundberg.
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Greg Nelson to Retire August 31, 2024

Tax Principal, Greg Nelson will be retiring from Olsen Thielen, effective August 31, 2024.
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