Q&A Over Coffee

In the latest episode of Q&A Over Coffee, we are pleased to welcome Jilayne Leary, our Payroll and Employee Benefit Specialist, and Zach Deo, our Tax Director. Jilayne has been an integral part of Olsen Thielen for over 20 years, serving as a trusted expert in payroll tax and employee benefit regulations. In this episode, Jilayne provides valuable insights into aligning and identifying various ben...

#26: Working Effectively With Your CPA with Pat Powers by Olsen Thielen CPAs & Advisors

#25: Strategic Business Planning with Pat Hall by Olsen Thielen CPAs & Advisors

A very important topic for businesses with employee benefit packages. In this episode we are joined by two leaders of our ERISA audit team: Principal Magen Koepp and Director Carrie Sundberg. Employee benefit plan audits are important for businesses that meet a certain number of participants. This is an enforcement by the Department of Labor and if businesses don't meet certain requirements, they...

Join us for our newest episode of Q&A Over Coffee, featuring our Chief Operating Officer, Julie Walker. Julie wears multiple hats, collaborating with Olsen Thielen and various clients. Her role encompasses diverse tasks aimed at enhancing financial well-being. Discover how monitoring business health differs across industries, as Julie explores analytics tools for tracking cash flow and other vital...

Join us for the latest episode of Q&A Over Coffee, featuring commercial banker and financial expert Daniel Batten. Daniel brings extensive experience in aiding businesses with financial management and understanding financial statements. In this episode, we'll emphasize the significance of cash flow for businesses—a crucial factor in assessing debt repayment ability and ensuring long-term financial...

In this latest episode, and in the spirit of tax season, we wanted to share some common scams you might encounter during the tax season. We are joined by Tax Principal Mike Breza and our CIO Lisa Dunnigan to share stories they've heard, or seen firsthand about different tax-related scams. Many involve a phone call from the IRS, text messages, and more. Americans have lost billions to these scams w...

In our twentieth episode of Q&A Over Coffee, we have the Government Relations Director from MNCPA Geno Fragnito to talk about the new legislative changes for CPAs. Geno's role allows him to have direct contact with State Government officials on behalf of the CPA profession. Geno shares with us how tax laws can impact CPAs as well as taxpayers as a response. We also discuss any major tax law change...

Welcome back to yet another roundtable talk with our three hosts! In this episode, we talk about what steps a business should consider when selling their business. Business sales are long and arduous processes that require a lot of insight. Carefully looking at your financial statements, seeing if your business is growing or not, and doing this process multiple times each year really helps get the...

We welcome Back Tax Director Zach Deo for the very important discussion on the Minnesota Passthrough Entity Tax. Zach helps facilitate the mechanics on the tax, which are pretty straightforward - qualifying PTEs elect to calculate and pay the Minnesota tax liability due on the entity’s income instead of passing it through to be taxed at the individual owner level. But there's more to discuss of wh...

Welcome to 2024! For our first episode of the year, we have commercial and estate attorney Randy Sparling from Felhaber Larson. Randy dives into the important topic of Beneficial Ownership and how to report BOI. There is information pertaining to many businesses that needs to be reported including Tax Payer ID Number, jurisdiction information, and more. We highly encourage reaching out to either y...

Happy Holidays! With the New Year just around the corner, we wanted to bring on our own Audit Principal and Employee Benefit Plan Specialist Magen Koepp to talk about the Employee Retention Credit (ERC). The ERC is important to many businesses; many are eligible to claim it, but should also be aware of deadlines, fraud, and other significant guidelines that apply to the credit. Magen brings her ex...

For this episode, we reached out to two of our Business Accounting Solutions (BAS) Professionals Steve Iverson and Becky Halvorson to talk about Accounting Software. Most small businesses we work with use QuickBooks, but what about larger businesses? And how do they deal with things such as cyber security and ensuring ease of access to the Cloud? With so many to choose from, we have our profession...

We're back and so excited to have HR & Employment attorney from Fafinski, Mark, & Johnson Natolie Hochhausen on the Podcast. Natolie delves into various topics such as employee benefits, FMLA, non-compete agreements, and the recent legalization of marijuana and its implications in today's workplaces. For anyone in need of legal advice on these employment changes, we encourage you to connect with N...

In part two of our Manufacturing Special, the President & CEO of Enterprise Manufacturing, Bob Kill hops into the spotlight for his thoughts on the State of Manufacturing results. The biggest challenges facing manufacturers in the last year came to light and organizations like Enterprise Minnesota step up to help alleviate any concerns manufacturers might have now, or in the future.

Olsen Thielen is a proud Platinum Sponsor of Enterprise Minnesota. On November 9th, Olsen Thielen attended the State of Manufacturing Rollout event. We went on the road for this event, set up our podcast equipment and grabbed attendees for some on the spot interviews! We got insight from folks throughout the manufacturing industry on what they expected to see from the survey results.

In our 12th episode, we recognize Cyber Security Awareness Month by joining Lisa Dunnigan, our Chief Technology Officer and Principal. She sheds light on the crucial topic of cybersecurity and shares insights on how companies and organizations can safeguard themselves against fraud via email and other channels. Lisa's scorecard includes assessing an organization's risk factors, evaluating backup p...

In this special episode of Q&A Over Coffee, we are joined by all three of our hosts, Adam Hennen, Daniel Owens, and Tom Pesch to go over best practices in reviewing your business's financial statements. With helpful, foundational analogies, we share why businesses need to take a closer look at your financial statements past, present, and future, to determine what direction your business is heading...

In our tenth episode of Q&A Over Coffee, we're joined by Tony Oman, our Director of Business Valuation. He'll be discussing the significance of business valuation, its practical applications, and its importance. Tune in to gain insights into the intricate process of valuing a company, the blend of science and art involved, and its relevance to areas like real estate and even retirement planning fo...

In this episode of Q&A Over Coffee, we sit with our Tax Principal Greg Nelson. Greg has many years of experience in Olsen Thielen's Construction/Real Estate field and has continued to help grow this industry for the firm. Greg tells us about how investing in real estate can be extremely rewarding, but a lot of work. There are a lot of things to consider when investing in real estate including main...

In this episode of Q&A Over Coffee, we sit with Ryan Vettrus, our Tax Director with expertise spanning diverse industries, including the Not-For-Profit sector. One of Ryan's key responsibilities as a Tax Director is to support Not-For-Profit Clients in the process of filing their annual 990 form. But what exactly is the structure of the 990 form? What kind of information is required to complete it...

In this episode of Q&A Over Coffee, we sit down with Attorney Zach Wiegand to discuss Trust and Estate Planning, along with our very own Tax Principal, Adam Thielen. Zach is the driving force behind Gold Leaf in Burnsville, Minnesota, and he brings a wealth of 12 years' experience working in estate planning, probates, and trust administration matters. During our discussion, Zach shares fascinating...

For episode six of our podcast, we discuss the widely popular topic of SECURE Act 2.0 with Blake Faust, Director of Retirement at Abbey Street. Blake shares with us what the new Act involves and what it means for businesses and individuals when it comes to planning for retirement.

In our fifth installment of Q&A Over Coffee, we are joined by Byron Wieberdink, CFO of Omni Workspace International in Minneapolis. Together, with Olsen Thielen's Tax Principal Matt Klein, we dive into Mergers & Acquisitions. We cover the financial implications, market value, and resources you can find to help move the M&A process along.

In this episode, we discuss the various types of entities with our very own Tax Principal, Scott Hoyles: Sole Proprietorships vs. Partnerships and S Corps vs. C Corps. These diverse and extensive entity structures are crucial to comprehend when starting a business, and Scott assists us in analyzing each one and explaining their significance.