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 […]
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Our Latest Blog Article
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 […]
SBA and Treasury Release Data on PPP Loan Recipients
On July 6, the Small Business Administration (SBA), in consultation with Treasury, released detailed loan-level data regarding the loans made […]
AICPA Makes Recommendations for Inclusion in Next Relief Bill
With Congress back in session this past Monday, the AICPA has issued recommendations for the next relief package, which is […]