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The Impact of Blockchain

No matter what your industry, now’s a good time to start learning about blockchain. Secure structure Blockchain is sometimes also called “distributed ledger technology.” It was introduced in 2009 to support digital cryptocurrencies such as bitcoin. Entries in each digital ledger are stored in blocks, with each block containing a timestamp and providing a link […]

New Shareholder, Principal, and Members of Board of Directors

We are pleased to announce two key promotions at tonneson + co. Kevin Barthel has been promoted to Shareholder, and Mary May has been promoted to Principal. Kevin and Mary will be new members of the firm’s Board of Directors. Kevin Barthel, Shareholder Kevin Barthel has 19 years of experience in public accounting. His areas […]

Webinar: Tax Cuts and Jobs Act

Join our tax experts for a discussion of what the Tax Cuts and Jobs Act means to you. This sweeping reform, signed into law by President Trump on December 22, 2017, is generally effective beginning in 2018 and impacts nearly every taxpayer. Webinar: Tax Cuts and Jobs Act – What You Should Know Date: Thursday, […]

Key Provisions of the Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act has now been approved by Congress and is on its way to the White House to be signed by President Trump by this weekend. The Act, as currently approved, includes numerous provisions, generally effective January 1, 2018, that will impact both individuals and businesses. We will keep you updated […]

Target Gift Cards for Catie’s Closet

This week, we delivered $4,000 in Target gift cards to Catie’s Closet! We want to sincerely thank our employees and their friends and families for donating to this amazing cause. Catie’s Closet will work with social workers across Massachusetts and New Hampshire to distribute the gift cards to school-aged children who are in circumstances of […]

Year-End Tax Letter 2017

We are pleased to provide our clients with a 2017 Year-End Tax Letter outlining important guidelines for the compliance with federal and state rules of taxation and reporting requirements. The letter contains useful information regarding 2017 and 2018 payroll tax requirements, employee benefits reporting, informational return filing requirements, and other information for tax planning.  

Report on Tax Cuts and Jobs Act

On December 7th, the Joint Committee on Taxation released its comparison of the House and Senate versions of tax reform. This report provides a helpful summary of the status of all provisions in the House and Senate versions of the Tax Cuts and Jobs Act. Some of the provisions common to both versions include: • […]

Tax Reform Bill Moves Forward

On December 6, the House and the Senate voted to go to committee, setting the stage for further tax reform negotiations between the two chambers. The House and Senate are now tasked with working out their differences on issues ranging from business taxes to the repeal of the Obamacare mandate. Below are some of the […]

Consider how tax reform would affect your financial statements

Tax reform legislation might be enacted before year end. If it is, companies following U.S. Generally Accepted Accounting Principles (GAAP) will have to recognize the effects of the changes in 2017 — not when the changes go into effect in 2018 and beyond. Here’s what calendar-year businesses need to know as they report their year-end […]

What you need to know about 1099s

It’s 1099 time! As a reminder, 1099 forms are due to the recipient and to the IRS by January 31, 2018, with no extensions available. There will be penalties per form if you do not comply with the filing deadline. Here are some insights on the requirements. It is required that you send a Form […]