tonneson + co

News

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 […]

Progress on Tax Cuts and Jobs Act

On November 16, the U.S. House of Representatives passed its version of the Tax Cuts and Jobs Act. The U.S. Senate Committee on Finance has begun the process of marking up its version of the tax reform bill, with a full Senate vote expected after Thanksgiving. If you’re interested in following along with the progress […]

tonneson + co Honored as Conexión Scholarship Sponsor

Pictured: Phyllis Barajas, Michael Perez, and Joe Lanzi On November 14, we attended the closing session of Conexión Cohort XII, hosted by Liberty Mutual in Boston. Phyllis Barajas, CEO and Founder of Conexión, presented us with a Scholarship Sponsor Award. Rick Mastrocola, President and CEO of tonneson + co, collaborated with Phyllis Barajas to create […]