PPP Loan Necessity Questionnaire Eliminated
Finally, some welcome news regarding the Paycheck Protection Program (PPP) review of large loans! The PPP Form 3509 for business […]
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Tonneson + Co Named Small Business of the Year by GBCC
We are pleased to share that Tonneson + Co has been named Small Business of the Year 2021 by the […]
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 […]
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 […]
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 […]
SBA Requiring Borrowers of PPP loan in Excess of $2M to Submit Questionnaire
The Small Business Administration (SBA) has recently compiled a Questionnaire comprised of 21 questions for large borrowers: Form 3509 for […]
Tonneson & Company Named 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 […]
Additional Guidance on Payroll Tax Deferral
Last Friday, the IRS issued guidance on the payroll tax deferral that President Trump signed in a presidential memorandum on […]
PPP Forgiveness Rules for Owners and Related Party Expenses
The Small Business Administration (SBA) along with Treasury issued additional guidance regarding who is considered an owner for a C […]
New FAQs for PPP Loan Forgiveness
On August 4, after several weeks of silence, the Small Business Administration (SBA) along with Treasury has issued a new […]
PPP Loan Forgiveness Tool Now Available Ahead of Final Guidance
The AICPA has officially launched its PPP Loan Forgiveness Tool (the Tool) which will assist borrowers with filling out the […]