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Starting in early 2023, millions of people will begin receiving 1099-K forms, many of them for the first time. Most of the recipients will be small business merchants or “gig economy” workers and independent contractors. The reason for the influx of 1099-Ks is the American Rescue Plan Act (ARPA) of 2021, which lowered the reporting…
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If you own a car—or a fleet of cars—that you use for business, you should be aware that the IRS released new depreciation limitations for passenger automobiles. Automobile depreciation is the decrease in value of a vehicle over time. Under certain circumstances, businesses and self-employed individuals may be able to deduct a portion of this…
Read MoreWe are pleased to announce that Erin Coco has been promoted to Shareholder at Tonneson & Company. Erin will also be a member of the firm’s Board of Directors. Erin has more than 17 years of experience providing assurance services and tax services to privately-held companies and not-for-profit organizations. She co-leads the Client Accounting and…
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We are pleased to announce that John Harradon has been named President of Tonneson + Co. John will be assuming operational responsibility for the firm along with continued focus on client service. Richard E. Mastrocola will continue to serve as CEO and Chairman of the Board, with continued responsibility for client service, business development, core…
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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 three significant promotions at Tonneson + Co. Jessica Clancy, Patrice Goodwin, and Jamie Tong-Chow have all been promoted to Shareholder. Jessica Clancy, Shareholder Jessica Clancy brings 21 years of experience, contributing her expertise in Partnerships, S-corporations, and Individual taxation. She specializes in High Net Worth, Individual, and Family Office Tax…
Read MoreSocial Responsibility A positive impact on our community – and on the world. About Us Our Cultural Advantage Women’s Leadership Diversity, Equity & Inclusion Social Responsibility Stronger communities start with social responsibility Since our firm was founded, Tonneson + Co has had a long, proud history of giving back to our community and helping those…
Read MoreDistribution Driving Success in Distribution In the fast-paced world of distribution, keeping your business running smoothly and profitably requires strategic financial planning and strict compliance. Having worked with clients including fuel, food, paper products, construction materials, and plumbing supplies companies, we understand what it takes. We can handle the financials so you can focus on…
Read MoreTechnology and Life Sciences Stay ahead of the curve In the cutting-edge realm of technology and life sciences, you need a solid financial foundation that supports your innovation and growth. With experience working with software developers, medical device manufacturers, semiconductor developers, nanoscience, and particulate and flow measurement technology companies, our team understands the financial intricacies…
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In September, the IRS sparked debate when it announced that it would be using funding from the Inflation Reduction Act to integrate Artificial Intelligence (AI) into its operations. While the move promises to enhance efficiency, streamline processes, and offer more accurate data handling, the move has been met with a mix of support and skepticism…
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