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Flush with a cash infusion from the Inflation Reduction Act of 2022, the IRS is using its new funds to provide better service to taxpayers, implement new technology, and intensify its enforcement efforts. As part of its enforcement efforts, the Service is closely scrutinizing partnerships, corporations, and high-wealth individuals to enhance tax compliance and crack…
Read MoreComprehensive International Tax Services Conquer the world with an international tax expert at your side In the age of globalization, your financial landscape isn’t confined to national borders-but navigating international taxation can be challenging. Whether you’re a corporation with global aspirations or an individual with footprints around the world, our International Tax Services experts can…
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Mary May, principal, and Stephanie Howard, client accounting services manager, at tonneson + co were the guest speakers on a Journal of Accountancy podcast episode titled “What to know before offering client accounting services.” Mary and Stephanie discuss how client accounting services can benefit both firms and clients. Topics include: • What’s driving the recent…
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As of the beginning of 2024, the IRS had identified over 1,600 millionaires and billionaires who owed back taxes. In the words of Commissioner Danny Werfel, the Service is now putting in “a laser-focused effort to collect that money.” We’ve previously written about the new funding allocated to the IRS by the Inflation Reduction Act…
Read MoreIndustries We Serve Your industry + our expertise = partners in success In an ever-changing business world, a keen understanding of your industry’s financial nuances can make all the difference. With 40+ years of experience, we’ve worked with clients in a wide range of industries, including manufacturing, distribution, construction, professional services, and more. And we…
Read MoreTransportation You keep the world moving. We help steer you to success. Transportation and Logistics is a fast-paced world where the landscape can change at a moment’s notice. You need a financial strategy that can adapt just as quickly. We offer a suite of services to help you navigate current complexities and prepare for the…
Read MoreLeading the Way: Why Our Clients Say We Are Among the Top Accounting, Tax, Advisory Firms About Us Our Cultural Advantage Women’s Leadership Diversity, Equity & Inclusion Social Responsibility Independently owned. Employee driven. Client focused.® We’ve heard all the stereotypes – that accountants are introverted, stodgy, and only interested in crunching numbers. But in an…
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On Monday, June 10, tonneson + co received two awards at the Association for Accounting Marketing’s AAM Marketing Achievement Award (AAM-MAA) ceremony in Las Vegas. Tonneson + Co won an AAM-MAA for Best Website with a project budget above $25,000. The firm was also the recipient of the We AAM To Serve award for community…
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At a recent Tax Executives Institute event, Holly Paz, the deputy commissioner of the IRS’s Large Business & International division, told listeners that increasing staff who focus on high-income individual filers “is a really high priority area for the service.” She added that the green energy credits for businesses included in the Inflation Reduction Act…
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The business world is consolidating rapidly and companies of all sizes are looking to increase their size, market share, bandwidth and efficiency through merger and acquisition (M&A) activity. Learn how a merger or acquisition may help your company grow quickly and efficiently.
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