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4 tough questions to ask before expanding to a new location

Is business going so well that you’re thinking about adding another location? Before you start planning the ribbon-cutting ceremony, take a step back and ask yourself some tough questions about whether a new location will grow your company — or stretch it too thin. Here are four to get you started: 1. What’s driving your…

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When does your nonprofit owe UBIT on investment income?

In recent years, the IRS has increased its scrutiny of nonprofits’ unrelated business income (UBI). Dividends, interest, rents, annuities and other investment income generally are excluded when calculating unrelated business income tax (UBIT). However, there are two exceptions where such income is taxable. 1. Debt-financed property When your nonprofit incurs debt to acquire an income-producing…

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We’ve got the lowdown on updated cash flow reporting guidance

Do you know how to categorize items on your statement of cash flows? Accounting Standards Update (ASU) No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments, attempts to minimize diversity in cash flow reporting practices. 8 issues Accounting Standards Codification Topic 230, Statement of Cash Flows, provides guidance…

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Three midyear tax planning strategies for your business

Tax reform has been a major topic of discussion in Washington, but it’s still unclear exactly what such legislation will include and whether it will be signed into law this year. The last major tax legislation that was signed into law — back in December of 2015 — still has a significant impact on tax…

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Does your business have too much cash?

From the time a business opens its doors, the owner is told “cash is king.” It may seem to follow that having a very large amount of cash could never be a bad thing. But, the truth is, a company that’s hoarding excessive cash may be doing itself more harm than good. Liquidity overload What’s…

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Keep real estate separate from your business’s corporate assets to save tax

It’s common for a business to own not only typical business assets, such as equipment, inventory and furnishings, but also the building where the business operates — and possibly other real estate as well. However, there can be negative consequences when a business’s real estate is included in its general corporate assets. By holding real…

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Audit Directors

At Tonneson + Co, our company culture is built on respect, inclusion, and leadership. With more than 45 years of experience, we’re proud to have been named one of the Best Firms to Work For by Accounting Today and recognized as an Inclusive Workplace. We believe that professional growth drives personal fulfillment, which is why…

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Senior Accountant – Client Accounting and Advisory Services (CAAS) Practice

If you have 3-4 years of recent accounting experience with impressive excel and QuickBooks skills, we are looking for you! The ideal candidate will work collaboratively, be able to multi-task, manage priorities and deadlines, productively contribute to client meetings, be a self-starter, eager to upskill and committed in your own development. If you think you…

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Accounting Manager

We are looking for a seasoned Accounting Manager with a strong background in financial management to join our team. This high energy position oversees the firm’s financial operations, ensuring accurate financial reporting and billing and managing an administrative team in a fast-paced, challenging, and rewarding environment. The candidate will lead and support the execution of…

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Tax Administration Manager

We are looking for a Tax Administration Manager to join our team. This position is responsible for providing a broad spectrum of support to the Tax Department in a fast-paced, challenging, and rewarding environment. The candidate will lead and support the execution of business activities with the tax administrators and will work closely with the…

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