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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 […]

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November 19, 2020Posted By Tonneson

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 […]

November 11, 2020Posted By Tonneson

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 […]

September 2, 2020Posted By Tonneson

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 […]

August 31, 2020Posted By Tonneson

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 […]

August 14, 2020Posted By Tonneson Staff

More Clarification Regarding the Payroll Tax Deferral

The payroll tax deferral is one of four executive orders President Trump issued on Saturday as a result of the […]

August 11, 2020Posted By Tonneson

President Trump Signs Four Executive Orders

Congress has yet to come together on a new stimulus package as they continue to try to find common ground […]

August 5, 2020Posted By Tonneson

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 […]

July 28, 2020Posted By Tonneson

House HEROES Act vs. Senate HEALS Act Ready for Debate

Late Monday, the Senate, in consultation with the White House, put forth the HEALS (Health, Economic Assistance, Liability protection, and […]

July 22, 2020Posted By Tonneson

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 […]

July 21, 2020Posted By Tonneson

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 […]

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