With information changing rapidly regarding the Coronavirus (COVID-19) pandemic, tonneson + co has created this Coronavirus Resource Center where you can find communications to our clients, as well as links to helpful COVID-19 websites. We will continue to update this page as new information is made available.
Client Communications and Updates
IRS Issues Draft Form 941 for Second Quarter 2020 Payroll Taxes – May 8, 2020
Draft of the revised Form 941 allows for reporting of new employment tax credits and other tax relief related to COVID-19.
PPP Loan Application and Certification of Need – May 7, 2020
Learn about factors to consider and steps you can take as you evaluate certification of need for a PPP loan.
May 7th Safe Harbor Extended to May 14th – May 6, 2020
The repayment date for safe harbor has been extended from May 7 to May 14, 2020.
PPP Loan Forgiveness – April 17, 2020
Learn more about Paycheck Protection Program loan forgiveness.
IRS Launches Get My Payment Online Application – April 16, 2020
The IRS has launched a new online application called Get My Payment to assist taxpayers with Economic Impact Payments.
Additional deadline extensions covering individuals, trusts, estates, and corporations – April 10, 2020
Extension of additional key tax deadlines for individuals and businesses are announced.
DOR Extends Tax Filing and Payment Relief for Personal Income – April 3, 2020
DOR extends deadline to July 15, 2020 for personal income tax, estate and trust income tax, partnership composite returns and personal income with respect to deemed repatriated income.
Paycheck Protection Program Resources – April 3, 2020
Link to U.S. Department of Treasury website for Small Business Assistance.
CARES Act Signed Into Law – March 31, 2020
Learn about some of the key tax provisions for individuals and businesses.
MA State Income Tax Filing Deadline Extended to July 15 – March 27, 2020
MA income tax filing deadline has been extended.
Families First Coronavirus Response Act – March 25, 2020
Learn how the Families First Coronavirus Response Act impacts your business and employees.
Extension of Federal Tax Filing Deadline to July 15 – March 20, 2020
Treasury Secretary Steven Mnuchin extends the Federal Tax filing deadline to July 15, 2020.
Accounting Industry Resources
State Tax Resources
For insights into PPP loan forgiveness, check out the article More PPP Funding Approved, Questions Remain Unanswered written by Jennifer Wolff, a shareholder at Godfrey & Kahn S.C., published in The National Law Review.
Student Aid Resources
Public Health Resources