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Comprehensive Accounting Services Tailored for Your Business Shaping your financial future From audit and assurance to tax planning and client accounting services, Tonneson + Co offers a comprehensive suite of solutions designed to support your business growth. Whatever your goals, whatever stage of business you’re in, we provide high-quality, high-touch services and strategic insights that…

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Professional Services

Professional Services Empowering Professional Success As a professional service provider, providing exceptional service to your clients is your first and foremost goal. But success also depends on strategic financial management and compliance. That’s where we come in, with a suite of services specially tailored to the unique needs of companies like yours. With decades of…

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Client Accounting and Advisory Services

Premier Client Accounting and Advisory Services (CAAS) for Your Business in Boston and Beyond Enhancing Your Financial Operations Whether you need an extra hand during peak times or a comprehensive, ongoing accounting solution, we’ve got you covered. Our team seamlessly integrates with your operations, providing reliable, timely, and professional services tailored to your needs. Our…

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Valuing and reporting gifts in kind and donated services

Nonprofit organizations don’t receive only cash donations. Your support also likely comes in the form of gifts in kind and donated services. But even when such gifts are welcome, it can be challenging to determine how to recognize and assign value to them for financial reporting purposes. Recording gifts in kind Gifts in kind generally…

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Short-Term Rentals and Self-Employment Tax: What Landlords Need to Know

As long as people have owned property, they have earned income by renting it out to others, both for long-term living and for short-term stays. In the last decade and a half, however, the short-term rental market has exploded. As rental brokers like VRBO and Airbnb have gained in popularity, more people than ever are…

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An up-close view of a customer service flier, where the box for excellent customer service is checked off.

Taking Client Service to the Next Level

Just about every business intends to provide world-class client service. Though many claim their client service is exceptional, very few can back up that assertion. After all, once a company has established a baseline level of success in interacting with clients, it’s not easy to get to that next level of truly great service. But…

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Audit and Assurance Services

Excellence in Assurance and Attestation Services Insights You Can Rely on Whether you’re prepping for a sale, acquiring new investment, complying with federal regulations, or going public, Tonneson + Co supports your business with a wide range of assurance and financial reporting services. We don’t just crunch your numbers. As experience strategists and advisors, we…

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IRS Upgrades: What Better Funding Means for the IRS—and You

The recently passed Inflation Reduction Act includes $80 Billion in funds over the next 10 years to overhaul the IRS. The IRS and proponents of the funding are promising long-overdue upgrades to taxpayer services, enforcement, and technology. Critics have raised concerns that the emphasis on enforcement will result in more audits for average Americans. In…

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How will the IRS Spend its $80 Billion Windfall?

Among the provisions of the Inflation Reduction Act of 2022 was an appropriation of $80 billion for the Internal Revenue Service. To date, the IRS has not provided a specific operational plan despite instruction from Secretary of the Treasury Janet Yellen last August to do so. However, based on the appropriations budget, we have a…

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Audit and AssuranceServices Client Accounting and Advisory Services Individual& FamilyOffice InternationalTax Mergers &Acquisitions SuccessionPlanning Tax Planning& Consulting MoreServices Independently owned. Employee driven. Client focused.® For over 45 years, Tonneson + Co has been helping clients like you thrive by offering expert accounting, tax, and advisory services. We pride ourselves in offering best-in-class service, backed by…

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