Olsen Thielen Advisor Blog

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Why Nonprofits Need Continuity Plans

March 21, 2017

Most not-for-profits are intensely focused on present needs — not the possibility that disaster will strike sometime in the distant future. Yet it’s critical that all organizations have a formal continuity plan to guide them should a natural or manmade disaster disrupt operations.

Don’t Let Your Business be Considered a “Hobby” by the IRS

March 20, 2017

If you run a business “on the side” and derive most of your income from another source (whether from another business you own, employment or investments), you may face a peculiar risk: Under certain circumstances, this on-the-side business might not be a business at all in the eyes of the

Does Your Nonprofit Need to Register in Multiple States?

March 10, 2017

If your not-for-profit solicits funds online or uses other fundraising methods that cross state boundaries, it may need to register in multiple jurisdictions.

Scott Hoyles Receives ABV Designation

February 9, 2017

Olsen Thielen is happy to announce that one of our Tax Principals, Scott Hoyles, has been awarded the Accredited in Business Valuation (ABV) designation from the American Institute of Certified Public Accountants (AICPA).

How to Recruit and Retain Young Board Members

January 18, 2017

Not-for-profit organizations are constantly trying to recruit and retain quality members for their board of directors (board). An ingredient for a quality board is diversity in ideology and thought process. One easy way to create a diverse culture within a board is to recruit and retain young professionals.

Using Your Form 990 to Spotlight Your Organization

January 18, 2017

Form 990 is the form the Internal Revenue Service requires each tax-exempt organization to file yearly. Form 990 is a public document that anyone can review, including possible donors, lenders, and potential future board members. So, instead of just trying to get it filed with the least amount of effort

Olsen Thielen Celebrates 95th Anniversary

November 15, 2016

Olsen Thielen & Co. Ltd. is proud to be celebrating our 95th anniversary year. The firm was founded in 1921 on the belief that personal attention, trust, and quality service were the key elements to helping our clients succeed.

Adam Hennen Elected Principal

October 29, 2016

Olsen Thielen is pleased to announce that Adam Hennen, CPA, has been elected Principal, effective September 1, 2016.

Andrea L. Addo Elected Principal

October 29, 2016

We are pleased to announce that Andrea Addo was elected Principal of the firm, effective September 1, 2016.

Wishing Tom Farm the Best in His Retirement

October 29, 2016

Tom retired from Olsen Thielen as a Principal and shareholder on September 1, 2016, after a long and distinguished career.

Do You Know How Much Your Business is Worth?

October 24, 2016

As the owner of a small or closely-held business you likely consider your enterprise to be your life’s work. It is an area you have poured tremendous time, energy, and money into to build an important portion of the legacy you will leave behind.

Do You Have a Security Plan for Your Business?

August 8, 2016

Reports of security breaches occur on a daily basis, and no company wants to see their name in the headlines as a result. Are you prepared in the event that it happens to you? A security plan will help to mitigate some of the risks and protect your assets, and

Utilizing Nonprofit Boards to Fullest Potential

July 7, 2016

It’s no secret that a major key to success for nonprofit organizations lies with the strength of its volunteer board of directors. Board engagement is a practice that many nonprofit entities both strive for and struggle to maintain.

Contracts and SOC Reporting

June 27, 2016

We see many organizations requesting SOC reports from their business partners due to a corporate compliance mandate. It appears to be a default company request even though the business relationship may not fit the purpose and scope of a SOC report.

A Story of Commitment

June 21, 2016

Olsen Thielen was founded on the belief that personal attention, trusted advice, and quality service are the key elements to helping our clients succeed. Time and again, business owners and individuals have taken Olsen Thielen professionals into their confidence – to gain insight on business challenges beyond just tax returns