Cancel

Our Latest Blog Article

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 21, 2021Posted By Tonneson

MA Tax Issue Regarding Forgiven PPP Loan Proceeds

We want to share some news regarding Paycheck Protection Program (PPP) forgiven loan proceeds for individual income taxes includable in […]

January 14, 2021Posted By Tonneson

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

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 […]

December 22, 2020Posted By Tonneson

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

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

$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

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

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 […]

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 […]

Back To Top