The IRS Issues New Procedures Affecting S Corporations
On October 10, 2022, the IRS issued a new revenue procedure allowing S corporations and their shareholders to resolve certain […]
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IRS Announces Interest Rate Increases for the Fourth Quarter of 2022
Higher federal short-term interest rates have caused the IRS to increase its interest rate for over and under-payments of tax obligations. Learn more about the updated interest rates for Q4 of 2022.
High Inflation Got You Down? LIFO is Worth a Look
Tired of hearing about inflation? Brace yourself: despite federal attempts to tamp it down, odds are we’ll be dealing with […]
Highlights of the Inflation Reduction Act of 2022
On Tuesday, August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 into law. This sweeping legislation includes […]
GBCC Small Business of the Year
We are pleased to share that Tonneson + Co has been named Small Business of the Year 2021 by the […]
GGI Member Firm of the Year 2020
Tonneson & Company is proud to have been named a Member Firm of the Year 2020 by Geneva Group International […]
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 […]
House Approves Second Stimulus Package
On May 15, 2020 the House voted to approve a $3 trillion, 1800-page second stimulus package named the Health and Economic […]
PPP Loan Application and Certification of Need
The Small Business Administration’s (SBA) Paycheck Protection Program (PPP) loan application required that applicants certify in good faith that “current […]
Evaluating your company’s concentration risks
The word “concentration” is usually associated with a strong ability to pay attention. Business owners are urged to concentrate when […]
What do lenders look for in a succession plan?
Business owners are urged to create succession plans for the good of their families and their employees. But there’s someone […]