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Coronavirus Resource Center

With information changing rapidly regarding the Coronavirus (COVID-19) pandemic, tonneson + co has created this Coronavirus Resource Center where you […]

Posted By Tonneson
In COVID-19 Updates
Grid List
January 14, 2021Posted By Tonneson
Business, Business Tax, COVID-19 Updates

SBA Opens Applications to More Lenders on Friday and Monday

The Small Business Administration (SBA) has announced that lenders with $1 billion or less in assets can start making Paycheck […]

January 7, 2021Posted By Tonneson
Business, Business Tax, COVID-19 Updates

What’s New for PPP Loans under the CAA

On December 27, President Trump signed the Consolidated Appropriations Act (CAA) which was in part enacted to further assist small […]

January 7, 2021Posted By Tonneson
Firm News

Erin Coco Named as Shareholder

We are pleased to announce that Erin Coco has been promoted to Shareholder at Tonneson & Company. Erin will also […]

December 22, 2020Posted By Tonneson
Business Tax, COVID-19 Updates, Individual Tax

More on the Consolidated Appropriations Act 2021

Earlier today we reported that the Consolidated Appropriations Act 2021, H.R. 133 was passed by Congress and is awaiting the […]

December 22, 2020Posted By Tonneson
Business Tax, COVID-19 Updates

Consolidated Appropriations Act – New PPP Provisions

Last night, both the House and the Senate voted to pass the Consolidated Appropriations Act 2021, which President Trump is […]

December 21, 2020Posted By Tonneson
Business Tax, COVID-19 Updates, Individual Tax

$900 Billion Stimulus Package Includes PPP Expense Deductibility and Other Important Provisions

On Sunday evening, Congressional leaders tentatively agreed on a $900 Billion stimulus package for US taxpayers and businesses. The House […]

December 14, 2020Posted By Tonneson
COVID-19 Updates, Individual Tax

IRS Offers IRS Identity Protection with Expanded Program

The Internal Revenue Service is now allowing any taxpayer who wishes to add a level of protection to their tax […]

December 14, 2020Posted By Tonneson
Business Tax, COVID-19 Updates, Nonprofit

PPP Loan News and Updates

Stimulus talks have started up again with Treasury Secretary Steven Mnuchin, supported by Senate Majority Leader, Mitch McConnell and House […]

December 10, 2020Posted By Tonneson
Business Tax, Individual Tax

Year-End Tax Letter 2020

We are pleased to provide you with this 2020 year-end tax letter outlining important guidelines for compliance with federal and state […]

November 19, 2020Posted By Tonneson
Business, COVID-19 Updates

IRS Issues Safe Harbor Rule for PPP Loan Expenses

On Wednesday, the Internal Revenue Service (IRS) issued new guidance on the deductibility of PPP loan eligible expenses in Revenue […]

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