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With information changing rapidly regarding the Coronavirus (COVID-19) pandemic, tonneson + co has created this Coronavirus Resource Center where you […]
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Our Latest Blog Article
IRS to Examine High Income Taxpayers; AICPA Asks for Waiver of Penalties for 2019 Returns
The IRS has announced two initiatives for the remainder of 2020, both of which target high income earners. The IRS […]
News on the Paycheck Protection Program
Last evening the House passed the extension of the Paycheck Protection Program (PPP) which the Senate passed on Tuesday. The […]
Latest News from IRS, Treasury and Congress
The IRS and Treasury have announced that they do not intend to extend the July 15, 2020 filing deadline further. […]
New Guidance on Loan Forgiveness and SBA Loan Review Procedures
On June 22, the SBA issued the Loan Forgiveness Interim Final Rule (LF-IFR) and Loan Review Procedures Interim Final Rule […]
Revised PPP Loan Forgiveness Application and New EZ Form for Certain Borrowers
On June 17, the Small Business Administration (SBA) and Treasury released a revised Paycheck Protection Program (PPP) loan forgiveness application […]
Revised Application for PPP Loan
The SBA and Treasury have issued the new and revised Borrower Application for applying for a loan under the Paycheck […]
IRS Statement on Balance Due Notices
The IRS issued a IRS Statement on Balance Due Notices to taxpayers on Friday, June 12, to warn them that […]
First Guidance from Treasury and SBA Regarding New PPP Flexibility Act
On Friday, June 5, President Trump signed into law the Paycheck Protection Program Flexibility Act of 2020 (PPPFA). Yesterday, in […]
Senate Passes PPP Flexibility Act without Changes to House Version
Yesterday evening the Senate unanimously passed the Payroll Protection Program Flexibility Act of 2020 (H.R. 7010), with no changes to […]
House Passes Paycheck Protection Flexibility Act of 2020
On May 28, the House passed the Paycheck Protection Flexibility Act of 2020 (H.R. 7010), which is a small, focused […]