Karli Olsen

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Karli Olsen, CPA is a proactive leader in tax and accounting advisory to create efficiencies, profitability, and optimized tax structure for businesses.

Recent Insights

Loan Origination Fees

Understanding a Bank’s Regulatory Compliance with Payment Apps

By Kerry Hatzenbuehler | January 18, 2021
Reading Time: 2 minutesAs a more frequent Venmo user lately – making garage sale payments in exchange for goods and collecting basketball fees from parents on behalf of my child’s team – I was struck by a recent article, “Dealing with App Disputes,” published in the Electronic Payments Core of Knowledge (EPCOR) newsletter.  …

Read moreUnderstanding a Bank’s Regulatory Compliance with Payment Apps

New 1099 Nonemployee Compensation Tax Form for 2020 Tax Year

Business Tax Update: New 1099 Nonemployee Compensation Tax Form for 2020 Tax Year

By Sandy Sporleder | January 18, 2021
Reading Time: 3 minutesAfter a 38-year absence, Form 1099 Nonemployee Compensation Tax has made its return in the 2020 tax year, and its January 31 deadlines are right around the corner.  Don’t panic – here’s everything you need to know about the revived form, and how it is intended to be used. For …

Read moreBusiness Tax Update: New 1099 Nonemployee Compensation Tax Form for 2020 Tax Year

New Stimulus Package Includes Funding for Farmers and Ranchers

USDA Announces CFAP Program Updates: Who Benefits?

By Matthew Farrell | January 15, 2021
Reading Time: 2 minutesOn January 15, the USDA announced rule changes that would provide additional assistance for many farmers and ranchers due to COVID-19 disruptions. The new rules make changes to the Coronavirus Food Assistance Program 1 (CFAP1) and Coronavirus Food Assistance Program 2 (CFAP2). Some of these changes were made following requirements …

Read moreUSDA Announces CFAP Program Updates: Who Benefits?

Webinar Series Announced for Farmers from U.S. and India

Webinar Series Announced for Farmers from U.S. and India

By K·Coe Editorial | January 11, 2021
Reading Time: < 1 minuteNational food and agriculture business consulting firm K·Coe Isom, together with Mann Deshi Foundation of India, have announced a webinar series aimed to help farmers from the U.S. and India share knowledge and culture in an effort to promote cooperation in agriculture and trade practices. “With 1.3 billion people, India …

Read moreWebinar Series Announced for Farmers from U.S. and India

Meal and Entertainment Deductions

Business Tax Update: Many Meal and Entertainment Deductions Have Increased

By Sandy Sporleder | January 10, 2021
Reading Time: 2 minutesIn an effort to provide additional stimulus funding, The Consolidated Appropriations Act was signed by the President on December 27, 2020.  Included in the guidance were changes to deductions for business meals in tax years 2021 and 2022. New Provisions include Higher Temporary Meal Deductions In an effort to stimulate …

Read moreBusiness Tax Update: Many Meal and Entertainment Deductions Have Increased

Paycheck Protection Program

SBA Issues New PPP2 Guidance for Businesses

By Beth Swanson | January 7, 2021
Reading Time: 2 minutesGood news for businesses as guidance from the U.S. Small Business Administration (SBA) and Treasury has been issued regarding the second round of Paycheck Protection Program (PPP) funding. “It was expected that there would be changes and corrections in interpretation and meaning following the COVID-19 relief bill, and numerous SBA …

Read moreSBA Issues New PPP2 Guidance for Businesses

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