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California has been in for nasty weather this year, having been hit since January with an onslaught of storms that have resulted in floods, mudslides, and evacuations. As Californians struggle to recover, there is a silver lining: the IRS has announced that affected taxpayers will have until October 16, 2023, to file various individual and business tax…
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On December 14, 2022, the Internal Revenue Service (IRS) and the U.S. Department of Labor (DOL) announced that they are renewing a memorandum of understanding (MOU), which allows the two agencies to collaborate in their efforts to address employee misclassification. The goal of the MOU is to streamline investigations into businesses that misclassify their employees…
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Interest rates have been rising across the board, so it should come as no surprise that the IRS is getting in on the action. Starting January 1, 2023, late, partial, or missing tax payments will cost more. On November 29, the IRS announced that rates used to calculate interest on underpayments (taxes owed but not…
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On October 13, 2022, the Social Security Administration announced a couple of important adjustments. Both social security benefits and the amount of earnings subject to the Social Security payroll tax are automatically adjusted every year to account for the cost of living. Thanks to high levels of inflation, however, this year’s increases are unusually high.…
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On October 21, 2022, the IRS announced a record increase in retirement plan contribution limits for 2023. The new limits apply to most types of defined contribution plans as well as Individual Retirement Accounts (IRAs). With inflation currently running at 8.2%, the new contribution limits will let workers to put more of their pre-tax earnings…
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We are pleased to announce two key promotions at tonneson + co. Kevin Barthel has been promoted to Shareholder, and Mary May has been promoted to Principal. Kevin and Mary will be new members of the firm’s Board of Directors. Kevin Barthel, Shareholder Kevin Barthel has 19 years of experience in public accounting. His areas…
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We are pleased to announce that tonneson + co has been named to Accounting Today’s Best Firms for Technology list. Tonneson + co was one of three mid-sized firms included in the list and the only named firm headquartered in New England. In an article published on May 3, Accounting Today editors explained that they…
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We are pleased to announce that tonneson + co has been named as one of the 2019 Accounting Today’s Best Accounting Firms to Work for. Accounting Today partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees. tonneson + co was also named to the Best Accounting Firms…
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We are pleased to announce that tonneson + co was recently named as one of the 2020 Accounting Today‘s Best Accounting Firms to Work for. Accounting Today partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees. tonneson + co was also named to Accounting Today’s Best Accounting…
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We are pleased to announce that tonneson + co was named as one of the 2021 Best Accounting Firms to Work For by Accounting Today and Best Companies Group. This list recognizes companies that have excelled in creating quality workplaces for employees. Tonneson + co was also named to Accounting Today‘s Best Accounting Firms to Work…
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