CPA Practice

SEPTEMBER 25, 2023

The IRS on Monday announced that all individuals and business owners in Maine and Massachusetts now have until Feb. The IRS is offering tax relief to any area designated by the Federal Emergency Management Agency (FEMA) , and all 16 counties in Maine and all 14 counties in Massachusetts qualify.

Massachusetts 115

Massachusetts Maine Tax income tax 115

Patriot Software

SEPTEMBER 13, 2022

If you are a Massachusetts employer, you must learn about the new Massachusetts paid family leave program. What is Massachusetts paid […] READ MORE. However, are you aware that your state might have additional programs in place for family and medical leave?

Massachusetts 98

Massachusetts payroll 98

TaxConnex

JANUARY 7, 2025

Some states - Connecticut , Massachusetts , Michigan , Rhode Island and D.C. , Almost all the states that impose a sales tax generally allow retailers to deduct or exclude sales tax refunds for returned goods from taxable sales. for example impose a time limit, usually 90 days but up to 120.

Sales 147

Sales Rhode Island Tax tax return 147

CPA Practice

JANUARY 25, 2023

Originally based in Wakefield, Massachusetts, Archambault & Associates is a tax, accounting and business consulting firm specializing in trust and estate matters and private client group services.

Massachusetts 105

Massachusetts tax preparation tax planning Tax 105

Patriot Software

APRIL 6, 2023

Are you a new employer in the Commonwealth of Massachusetts? Most employers must provide Massachusetts paid sick leave under state law. Read on to learn key facts about the state law, including: Massachusetts paid sick leave […] Read More Do you plan on offering your employees paid sick leave?

Massachusetts 98

Massachusetts payroll 98

TaxConnex

JUNE 13, 2024

In 2017, Massachusetts enacted a prescient sales tax rule called Cookie Nexus , which required companies that sold more than $500,000 worth of goods or services and conducted 100 separate transactions in Massachusetts collect and remit state sales tax if that company placed internet tracking cookies on customers’ computers.

South Dakota 264

South Dakota North Dakota Massachusetts E-commerce 264

TaxConnex

AUGUST 15, 2024

Or take Massachusetts. Massachusetts draws no distinction between a comic book that’s new or pricelessly old – both are free of sales tax. Stud services, though, and all fees associated with bringing a breeding stallion into the state, are subject to sales tax.

Sales 264

Sales South Dakota South Carolina Tax 264

Withum

JANUARY 25, 2024

Withum is proud to share that Steven Cohen , Partner, has been selected to chair the Audit and Accounting Committee for the Massachusetts Society of CPAs (MassCPAs). The post Steven Cohen Selected as Chair of Massachusetts CPA Society’s Accounting and Audit Committee appeared first on Withum. Read more about the work of MassCPAs.

Massachusetts 105

Massachusetts audit CPA Account 105

TaxConnex

FEBRUARY 8, 2022

The Massachusetts Appellate Tax Board found that SaaS provider Akamai Technologies Inc. Akamai, headquartered in Massachusetts, provided software-based cloud services allowing customers to manage the delivery of web and media content over the Internet. machine rate. was a manufacturing corporation, rather than a service provider.

Sales 245

Sales Tennessee Tax Massachusetts 245

TaxConnex

AUGUST 30, 2022

Recently the Massachusetts Supreme Judicial Court has accepted a direct appeal from an internet retailer contesting the state’s position that the in-state presence of cookies and apps were sufficient to satisfy the physical presence nexus standards in place prior to the 2018 Wayfair Supreme Court decision.

Sales 246

Sales Tax Wisconsin Massachusetts 246

CPA Practice

AUGUST 8, 2023

The Massachusetts Society of Certified Public Accountants (MassCPAs) recently partnered with Suffolk University to host two cohorts of the Accounting Careers Exploratory (ACE) Leadership Program for 26 high school students across the state. These free, specialized programs ran from July 17-21 and July 24-28 at Suffolk University.

accounting careers 98

accounting careers Massachusetts Account accounted 98

Withum

FEBRUARY 16, 2023

Massachusetts touts a “flat tax” system. Sort of …Massachusetts’ “flat tax” system applies a 5% tax rate to most income, unless you recognize short-term capital gains which are taxed at 12%. Beginning in 2023, Massachusetts plans to roll out an additional “millionaires’ tax” of 4% on earnings over $1 million dollars.

Massachusetts 75

Massachusetts income tax Tax tax return 75

PYMNTS

DECEMBER 14, 2020

Massachusetts Mutual Life Insurance Company (MassMutual) has agreed with Stone Ridge Asset Management , which has over $10 billion in assets under management (AUM), for MassMutual to acquire FinTech registered investment advisor (RIA) platform Flourish , according to a press release.

Massachusetts 91

Massachusetts Technology 91

CPA Practice

JUNE 9, 2025

The top 20 accounting firm said on June 9 that it's merging with Wakefield, MA-based Tonneson + Co., one of the largest accounting firms in the Boston area, effective July 1.

Massachusetts 52

Massachusetts accounting firms accountant Account 52

TaxConnex

JUNE 9, 2022

Among other findings: Sales tax bases range from 19.32% of personal income in Massachusetts to 93.89% in Hawaii; the Massachusetts base is extremely narrow, while the Hawaii base features significant tax pyramiding. Sales taxes have become less neutral, less equitable, and less economically efficient over time,” the Foundation said.

Sales 246

Sales Tax Colorado Massachusetts 246

CPA Practice

FEBRUARY 5, 2024

Marcum LLP has entered a merger with Wakefield, Massachusetts-based Powers & Sullivan, LLC, effective February 1, 2024. Massachusetts-based Powers & Sullivan has a portfolio of services spanning accounting, auditing, and management consulting, with a specialized practice focused on auditing governmental entities.

Massachusetts 81

Massachusetts Management Consulting audit Government 81

Withum

NOVEMBER 16, 2022

Are you located in Massachusetts? You may be eligible for the following programs, administered by the Massachusetts Life Sciences Center: Bits to Bytes. Massachusetts not-for-profit organizations that are collaborating with at least one for-profit Massachusetts life sciences company. Amount of Grant: Up to $750,000.

Massachusetts 75

Massachusetts Non-Profits Healthcare payroll 75

TaxConnex

JANUARY 2, 2025

South Dakota recently eliminated its 200-transaction threshold, joining California, Colorado, Iowa, Louisiana, Maine, Massachusetts, North Dakota, Washington and Wisconsin. New Jersey is reportedly considering a similar move.

Sales 147

Sales Tax South Dakota North Dakota 147

CPA Practice

MARCH 28, 2023

The Massachusetts Society of Certified Public Accountants (MassCPAs) today released the results of a new survey that reports thousands of high-income Massachusetts taxpayers plan to relocate from the Commonwealth within the next 12 months. Florida and New Hampshire are the two most popular states for relocation.

Massachusetts 69

Massachusetts New Hampshire cpas Florida 69

Withum

OCTOBER 9, 2023

On October 4, 2023, Massachusetts enacted tax legislation (H.4104), 4104), which will dramatically affect how businesses calculate their Massachusetts income. Historically, most businesses in Massachusetts apportioned income using a three-factor apportionment formula comprising of property, payroll, and double-weighted sales.

Massachusetts 72

Massachusetts Sales Tax tax return 72

TaxConnex

DECEMBER 28, 2023

States expected to do best with sales tax in 2024 are West Virginia, Massachusetts, Kentucky, Iowa and New York. States expected to be hit hardest by falling sales tax revenue are Idaho, South Dakota, Louisiana, South Carolina and Florida. Delivery fees “Sales taxes” are starting to take different forms.

Sales 264

Sales South Dakota Louisiana Tax 264

TaxConnex

JULY 8, 2021

Massachusetts also mandates that all businesses, including e-commerce businesses, participate. Massachusetts Gov. But holidays cover both state and local taxes in Oklahoma, Virginia, Texas, and other states. You may or may not have to participate in a sales tax holiday in some states. Always check.). And from July 30 to Aug.

Sales 246

Sales South Carolina E-commerce Tax 246

Accounting Today

JULY 5, 2023

A bill in the state seeks to tax rich colleges that favor families of alumni and donors in admissions policies and give the money to poorer community colleges.

Massachusetts 98

Massachusetts Tax 98

RogerRossmeisl

FEBRUARY 18, 2024

Taxpayers living in Maine or Massachusetts have until April 17, due to state holidays. Here are answers to seven tax season questions we receive at this time of year. (1) 1) What are this year’s deadlines? The filing deadline to submit 2023 returns or file an extension is Monday, April 15, 2024, for most taxpayers.

Tax 202

Tax Massachusetts income tax tax return 202

CPA Practice

JANUARY 17, 2025

With this expansion, KLR will now operate three offices in the Greater Boston area, enhancing the top 100 accounting firm's ability to serve clients across the region.

Massachusetts 98

Massachusetts accounting firms Account accountant 98

TaxConnex

APRIL 9, 2024

The products incur sales tax in most states (Massachusetts casts an especially wide net) but are more or less exempt in Connecticut, Florida, Maryland, Michigan, New Jersey, New York, Texas, West Virginia and Wyoming.

Sales 264

Sales West Virginia Tax Virginia 264

CPA Practice

OCTOBER 2, 2023

one of the most respected accounting and tax firms in Central Massachusetts, recently announced an ownership change and rebranding of the firm as Venning. The firm merged with Agawam, Massachusetts-based accounting firm, Corbin & Tapases on September 27. Venning & Jacques, Inc.,

Massachusetts 80

Massachusetts cpa firm CPA accounting firms 80

TaxConnex

MAY 22, 2025

In Massachusetts , clothing is generally exempt, but any one item costing more than $175 is taxable on the amount over $175. (So, For example, clothing that is flame resistant or has reflective components still remains non-taxable clothing if it can be worn for general use, the state says.

Rhode Island 130

Rhode Island West Virginia Iowa Oklahoma 130

TaxConnex

NOVEMBER 2, 2021

Special, more detailed conditions for sales tax on these products apply in California, Illinois, Massachusetts and Utah. The products are tax-exempt (more or less) in the District of Columbia, Florida, Maryland, Michigan, New Jersey, New York, Texas, Vermont, West Virginia and Wyoming. Sales tax isn’t getting any easier.

Sales 246

Sales West Virginia Tax Vermont 246

TaxConnex

DECEMBER 10, 2020

Massachusetts , one of the many states with revenue potentially slammed by COVID shutdowns, is reportedly looking for quicker remittance of taxes owed. Nothing has changed yet, but one can expect that Florida may change their tune over the next year.

Sales 240

Sales Tax Ohio Nebraska 240

Withum

JANUARY 16, 2024

Massachusetts Companies The Massachusetts Life Sciences Center Tax Incentive Program application window is now open and is offering lucrative tax savings to eligible companies. The principal place of business must be in Massachusetts and at least half of the employees must be based there. 62, §6(m) and c. 62, §6(n) and c.

Massachusetts 59

Massachusetts Tax Real Estate tax return 59

TaxConnex

APRIL 4, 2024

South Dakota joins California, Colorado, Iowa, Louisiana, Maine, Massachusetts, North Dakota, Washington and Wisconsin in recently eliminating transaction-based nexus thresholds. Thirteen economic-nexus states never had such thresholds.) Utah recently considered dropping its 200-transaction threshold but has tabled the legislation.

South Dakota 264

South Dakota North Dakota Wisconsin Iowa 264

TaxConnex

AUGUST 18, 2022

Telework creates no exception to the rule, as was recently shown by the Supreme Court’s refusal to hear a remote work and tax case between New Hampshire and Massachusetts. Many states have statutory resident rules that kick in if your worker is physically present and living in that state for a certain number of days.

Sales 246

Sales Tax New Hampshire income tax 246

Accounting Today

MARCH 14, 2024

Zach Donah, the new CEO of the Massachusetts Society of CPAs has big plans for the organization.

Massachusetts 128

Massachusetts cpas accountant Account 128

Withum

NOVEMBER 10, 2023

Are you a Massachusetts non-profit or academic institution with a focus in life science? Or perhaps you’re a for-profit Massachusetts life science company, collaborating with a Massachusetts non-profit. Massachusetts not-for-profit institutions, including research institutions and academic medical centers. Who Qualifies?

Massachusetts 59

Massachusetts Non-Profits Healthcare payroll 59

Accounting Today

JULY 26, 2022

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Massachusetts 98

Massachusetts cpas Education Account 98

Accounting Today

SEPTEMBER 29, 2022

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Massachusetts 98

Massachusetts cpas Account accountant 98