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Massachusetts Enacts Single-Sales Apportionment Among Other Tax Provisions

Withum

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.

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Massachusetts CPA Firm Venning Set to Become Largest Minority Owned Firm in U.S.

CPA Practice

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.,

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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. For gross receipts from the sale of newly taxed services prior to Jan. An old story.

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Tax Framework Released: Tax Relief for American Families and Workers Act of 2024

Withum

Gillibrand (D) Gillibrand (202) 224-4451 Massachusetts Elizabeth Warren (D) Warren (202) 224-4543 Massachusetts Edward J. Let’s Chat The post Tax Framework Released: Tax Relief for American Families and Workers Act of 2024 appeared first on Withum.

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Sales Tax on Shipping: When Does it Apply?

TaxConnex

When shipping to a retailer, sales tax is incurred in Idaho no matter where “shipping” appears on an invoice. In Kentucky, stating shipping separately avoids sales tax unless the seller makes the delivery. And in Massachusetts, delivery must occur after the purchase to be exempt from sales tax.

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PKF O’Connor Davies Picks Up Robert Philipson & Co.

CPA Practice

an accounting, tax, and management advisory firm that specializes in serving private clients through sophisticated tax services. offices throughout Connecticut, Florida, Maryland, Massachusetts, New Jersey, New York, and Rhode Island. Financial terms of the deal, which became official on Jan. weren’t disclosed.

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Tax Season to Start January 29, 2024

CPA Practice

April 15 tax filing deadline for most taxpayers For most taxpayers, the deadline to file their personal federal tax return, pay any tax owed or request an extension to file is Monday, April 15, 2024. Taxpayers living in Maine or Massachusetts have until April 17, 2024, due to the Patriot’s Day and Emancipation Day holidays.

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