Massachusetts CPAs expand high school outreach via community college partnership

Accounting Today

Accounting education Accounting Massachusetts Accounting students

Massachusetts Enacts Provision for Accelerated Sales Tax Remittance

TaxConnex

Massachusetts has joined the ranks of states that have provisions for accelerated remittance of sales tax. Massachusetts joins such states as Minnesota , Ohio , Pennsylvania and Michigan with accelerated tax payment programs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Massachusetts Reopens Its Dining Rooms

PYMNTS

Restaurant dining rooms in Massachusetts reopened on Monday (June 22), after being shuttered for three months. We are making the progress we’re making because of the actions that people here in Massachusetts are taking every day,” Baker said at his daily press conference on Friday (June 19).

Massachusetts Mutual To Buy FinTech RIA Platform Flourish

PYMNTS

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 Regulators To Crack Down On Robinhood

PYMNTS

Robinhood has come under the watchful eye of regulators — this time in Massachusetts. The complaint is from the office of William Galvin, Massachusetts secretary of state. State regulators are set to file a complaint on Wednesday (Dec.

Massachusetts Files Suit Against Uber, Lyft On Drivers’ Status

PYMNTS

Massachusetts is the second state to declare that Uber and Lyft drivers should be deemed employees under state wage and hour laws, the Attorney General’s Office announced on Tuesday (July 14). .

Massachusetts State Tax Updates

Withum

Blogs

Massachusetts Can Proceed With Lawsuit Against Equifax

PYMNTS

A judge has ruled that the state of Massachusetts can move forward with its lawsuit against Equifax. The breach resulted in several lawsuits filed against Equifax, including one by Massachusetts Attorney General Maura Healey. Equifax knew about the vulnerabilities in its system for months, but utterly failed to keep the personal information of nearly three million Massachusetts residents safe from hackers,” said Healey at the time.

Can’t Miss Grants Available to Massachusetts Life Sciences Companies

Withum

Articles

Gas Payment Solution PayByCar Launches In Massachusetts

PYMNTS

A first-in-the-nation payment solution that allows drivers to purchase gas from their cars without taking out cash, a credit card or a mobile app has launched in Westborough, MA. Those with E-ZPass can register for PayByCar to easily pay for their gas at the Route 9 Alltown Mobil via their E-ZPass transponders and payment methods on file. “We We chose the MetroWest area to launch this new technology — and Westborough, MA specifically — because the community matches our target market demography.

Supreme Court Denies Cert. in New Hampshire v. Massachusetts

Withum

Articles

Walmart Officially Sorry It Can’t Tell Massachusetts From Maryland

PYMNTS

Until this past Monday (April 4), the retail giant had confusingly sold a Russell Athletic t-shirt depicting an image of a state that was clearly Massachusetts yet with a facsimile of the University of Maryland’s “M” logo and the word “Terps” written within its borders (“Terps” was actually squeezed into the eastern “arm” of the state that is arguably Massachusetts’ most obviously identifying characteristic).

Bitcoin Daily: US National Banks To Hold Reserve Currencies For Stablecoins; Stripe To Pay Massachusetts $120K In PlexCoin ICO Role

PYMNTS

In other news, Stripe will pay $120,000 to resolve claims that the payment processor’s “risk monitoring and fraud prevention and mitigation practices” contravened Massachusetts’s consumer protection law, according to an announcement from the state attorney general office.

Massachusetts Life Sciences Companies, it’s Time to Apply for the Tax Incentive Program!

Withum

Articles

Massachusetts Throws Daily Fantasy Sports A Bone

PYMNTS

The Boston Globe reported that Massachusetts decided Friday (March 25) to establish a set of regulations that would allow Boston-based DraftKings and FanDuel to continue to operate within the state. In a short period of time, you see a very good set of tough consumer regulations in place that now let DraftKings move forward in Massachusetts,” Coakley said.

Massachusetts Life Sciences Companies, it’s Time to Save on Taxes!

Withum

Articles Year-End Tax Planning

Can’t Miss Incentive Programs Available to Massachusetts Life Sciences Companies

Withum

Articles

Savvy Massachusetts Companies Receiving Outside Financing Will Use This Tax Planning Opportunity Before Year-End

Withum

Articles Year-End Tax Planning

Massachusetts: Frozen Growth In The Frozen North

PYMNTS

And nowhere in the region are these qualities more on display than in Massachusetts, the state that both brought us the phrase “Boston Strong” and countless memes of people barbecuing during blizzards. The vagaries of the New England economy show up, encapsulated, in Massachusetts. The rate that was identical for both Massachusetts and its New England brethren was endemic of the Northeast. Retail CAN capital CAN Capital Store Front Business Index Massachusetts

MetLife Charged With Misleading Investors By Mass. Securities Regulator

PYMNTS

MetLife was charged with making false statements to investors on Monday (June 25) by the securities regulator in Massachusetts. According to news from Reuters , citing Massachusetts Secretary of the Commonwealth William Galvin, MetLife allegedly provided false statements to investors about its failure to pay out pension benefits to retirees that it treated improperly as presumed dead. The investigation in Massachusetts is one of several looking into pension obligations.

Santander To Pay $25M To Resolve Auto Loan Allegations

PYMNTS

states — $22 million to Massachusetts and $2.87 I think the scope of the settlement and the kind of relief we’re getting could be used as a model for other jurisdictions,” Massachusetts Attorney General Maura Healey told Bloomberg News , adding that $16 million of the total will go to consumers. At a news conference, Healy cited an example of one Massachusetts buyer who wound up owing over $10,000 on a $750 vehicle loan. Back in 2015, Santander paid Massachusetts $5.5

Remitly Now Operating In All 50 States

PYMNTS

has expanded its services to Massachusetts. According to a report , with the addition of Massachusetts, Remitly serves all 50 states in the U.S. 16), residents of Massachusetts, which is the most populous state in New England, can send money overseas via its app and website. The report noted that, in Massachusetts, 1 million, or 15 percent of residents, are born outside of the country and have family in other countries that rely on remittances to supplement their incomes.

Uber Of X: Rent-A-Ref, Sports Officials For Any Game Or Tournament

PYMNTS

Based out of Riverside, California, the website (and soon-to-be mobile platform) has been working with leagues all over the state, as well as in Colorado, New York, New Jersey, Massachusetts, Illinois, Wisconsin and Texas. uber of x California Colorado Illinois Massachusetts new jersey New York referee referees rent-a-ref Texas Uber of X What's Hot WisconsinPerhaps the most overlooked person in any sport is the most important one: the referee.

School District Pays Hackers $10K In Bitcoin To Recover Data

PYMNTS

After hackers stole data from the computer system of a Massachusetts school system, they offered to return the information in return for a $10,000 bitcoin payment. Security & Fraud bitcoin Cyberattack Cybersecurity Hackers Massachusetts News ransom Security Wannacry What's HotThe Superintendent of Leominster Public Schools, Paula Deacon, was surprised to learn of the extortion demand and contacted police, ABC News reported. “I

DraftKings, FanDuel Fined $2.6M For Unfair Practices

PYMNTS

Reuters reported news that Massachusetts Attorney General Maura Healey announced the settlement of the lawsuit on Thursday, which is the result of a probe that predated her office’s adoption of regulations in 2016 to govern daily fantasy sports. I am glad to have reached these settlements to address various consumer issues that existed at the early stages of this new industry,” Massachusetts Attorney General Maura Healey said in a statement.

Consumer Habits Tracked By JD.com, Alibaba

PYMNTS

Retail alibaba Analytics Beijing consumers data ecommerce JD.com Massachusetts MIT purchasing sales Singles Day spending Tsinghua UniversityHow consumers shop is a mystery companies across the globe seek to uncover. In China, however, the two big ones — JD.com and Alibaba — have found ways to gain focused insight into shoppers’ spending habits, which in turn help retailers make eCommerce decisions.

The Strange Spending Trends Around Sales Tax Holidays

PYMNTS

Massachusetts’ legislature has not yet fully approved its pending 2018 tax holiday, but if passed by the state Senate it would be the nation’s most permissive, fully suspending all state sales tax across purchases under $2,000 for the entire weekend of August 11 and 12. Retail Back-to-School federal reserve Massachusetts News Spending Trends tax holidays

What's new in May for state sales and use taxes

TaxConnex

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. What’s new in May for state sales and use taxes.

Sales 175

Will 2022 Income Tax Refunds be Smaller and Later?

CPA Practice

Taxpayers in Maine and Massachusetts have until April 19 thanks to the Patriots’ Day holiday in. While returns are usually due April 15, this year that day falls on a Friday District of Columbia holiday, postponing the deadline to April 18 for most.

What's New in State Sales and Use Taxes - Monthly Update

TaxConnex

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.

Sales 162

Sales tax holidays for the rest of the year

TaxConnex

In Massachusetts, non-business sales at retail of single items of tangible personal property costing $2,500 or less are exempt from sales and use taxes, subject to certain exclusions, Aug. Holiday time already?

Sales 130

Episode 066: Look at the Film Industry Tax Credit Business with Irene Waschler

BuildYourFirm

Her affiliations include Massachusetts Society of CPAs, National Conference of CPA Practitioners, and Chair, Mass. Episode 066: Look at the Film Industry Tax Credit Business with Irene Waschler.

cpas 162

Sales Tax and Vitamins/Dietary Supplements

TaxConnex

Special, more detailed conditions for sales tax on these products apply in California, Illinois, Massachusetts and Utah. You won’t find too many more confusing sales tax scenarios than the one involving dietary supplements.

Sales 179

What’s new in state sales and use taxes

TaxConnex

Massachusetts is batting around the idea of getting on the sales tax bandwagon on digital advertising sales. There’s always something changing in the world of tax, especially sales tax.

Sales 167

End of the Year Sales Tax Updates to be Aware of as You Start 2022

TaxConnex

Massachusetts issued a notice stating that all sales and use tax filers must submit returns and make payments through MassTaxConnect for tax periods beginning on or after Jan. There’s always something changing in the world of tax, especially sales tax.

Sales 178

Preparing Your Business for Sales Tax Holidays

TaxConnex

Massachusetts also mandates that all businesses, including e-commerce businesses, participate. Massachusetts Gov. Many states use sales tax holidays to waive or reduce sales tax on various items. These holidays can be annual or even two or more times a year.

Sales 178

MA Vape Sales Ban Triggers Retailer Lawsuits

PYMNTS

The state of Massachusetts is facing a lawsuit over a new temporary ban on vaping product sales. Behram Agha, one of the plaintiffs in the federal lawsuit, owns four vape shops in Massachusetts, all of which are now closed. The Vapor Technology Association also plans to sue Massachusetts, Executive Director Tony Abboud said. Legal Massachusetts News sales ban suing vape shops vaping vaping products What's Hot

Sales 40

Online Ads: Who Taxes Them and Who Doesn't?

TaxConnex

In late January, Massachusetts also discussed two different digital advertising taxes, a 5% tax and a 5-15% tax. One of the next big trends in sales tax is one you should start thinking about: states taxing digital advertising.

What’s new for state sales and use taxes

TaxConnex

Massachusetts has added new lines on returns for taxpayers who collect and pay sales/use tax. There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Give us a break.

Sales 186

Crypto, NFTs and sales tax: What we know so far

TaxConnex

There’s similar interest in California, Arizona, New York, Hawaii and Massachusetts – not to mention the federal government, which may soon explore digital currency for the U.S. Sales tax has a universe of changing conditions.

Sales 170

Baker-Polito Administration Launches “HireNow”

Withum

Employer Eligibility: Any Massachusetts employer who is in good standing with Department of Unemployment Assistance and Department of Revenue obligations and is not de-barred by the state is eligible (excluding federal, state, and municipal governments).

Best States to Practice Dentistry In

DentalAccounting

Massachusetts. According to 24/7 Wall Street, a career in dentistry provides a median salary more than quadruple all professions. That’s right, the median salary for a dentist is $156,240. To take this a step further, the best states for dentistry might surprise some of you. When you factor in variations in dental insurance coverage, frequency of visiting a dentist, quality of life, cost of living and more factors, then the best states to practice dentistry are: 1. Connecticut.

Hawaii 100

Recent Cases Show You Shouldn't Mess with Sales Tax Obligations

TaxConnex

Massachusetts , one of the many states with revenue potentially slammed by COVID shutdowns, is reportedly looking for quicker remittance of taxes owed. States may be getting tougher on sales tax delinquents as the pandemic drags on and tax revenues, in many places, take hits.

Sales 151