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Refunds and sales tax

TaxConnex

Its a safe bet that few of them hit the target, which leads to returns, which leads to refunds from sellers, to which leads to the nagging question: Does sales tax get refunded along with the purchase price? The more accurate answer, particularly when something as complex as sales tax gets involved, is: Probably, but watch the details.

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Future sales tax trends

TaxConnex

Every new year brings a ton of developments in all varieties of tax. Sales tax driven by burgeoning eCommerce, dynamic kinds of nexus and a steam of new tech and products that jurisdictions see as lush sources of revenue again has more than its share of trends on tap for 2025. More tax in more states. Heres a look at a few.

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2025 MLSC Tax Incentives: What Massachusetts Life Sciences Companies Need to Know

Withum

Massachusetts is strengthening its investment in life sciences innovation—and now is the time to take advantage. The Massachusetts Life Sciences Center (MLSC) has launched its Tax Incentive Program for 2025, aimed to support companies that are expanding their operations and creating new jobs in the state.

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Massachusetts Life Sciences Companies: Tax Savings Opportunities

Withum

The application window for the Massachusetts Life Sciences Center Tax Incentive Program is now open. This program offers lucrative tax savings to eligible companies and the current application requirements include several modifications from past years, reducing barriers on several aspects of the application criteria.

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Massachusetts Unveils $7M Annual Tax Credit for Live Theater Productions

Withum

Massachusetts has officially launched its Live Theater Tax Credit Pilot Program, a bold initiative aimed at revitalizing the state’s cultural economy and reinforcing its reputation as a premier destination for theatrical production.

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Sales tax holidays for the rest of the year

TaxConnex

Your compliance obligations are tough enough given the almost dizzying variety of rates, filing frequencies and other seemingly random details of the states that have a sales tax. One of those biggest details you sure can’t ignore: sales tax holidays. Here’s an overview: General: Massachusetts (most TPP up to $2,500 per item) Aug.

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Tax Fraud Blotter: Negative waves

Accounting Today

EDT 5 Min Read Facebook Twitter LinkedIn Email Seeking shelter; please be Gentle; where the heart is; and other highlights of recent tax cases. Nixa, Missouri: Tax preparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S. million in taxes on income he earned from his business.

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