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 Tax South Carolina 264

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

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 accountant 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

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

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 80

Massachusetts payroll 80

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.

South Dakota 264

South Dakota Sales Tax Louisiana 264

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 78

Massachusetts payroll 78

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

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

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

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 Tax E-commerce 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 183

Tax Massachusetts income tax tax return 183

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

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.,

cpa firm 80

cpa firm Massachusetts CPA accounting firms 80

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 Account accountant 128

Withum

JULY 25, 2022

Investors funding early-stage life sciences companies in Massachusetts may be eligible for generous tax incentives under M.G.L. The principal place of business must be in Massachusetts and at least half of the employees must be based there. The post Investing in a Massachusetts Life Sciences Company and Want To Save Taxes?

Massachusetts 69

Massachusetts Tax Real Estate tax return 69

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.

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Sales Tax Ohio Nebraska 240

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

CPA Practice

JANUARY 8, 2024

Top 30 accounting firm UHY has entered Massachusetts by merging with Wayland-based CPA firm Paresky Flitt & Co. Michael Mahoney, Northeast Region managing director at UHY, said about the merger, “As we looked to re-enter Massachusetts, it was important to team up with a local firm that has values similar to UHY’s.

Massachusetts 52

Massachusetts New Hampshire Connecticut cpa firm 52

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

TaxConnex

FEBRUARY 1, 2022

In late January, Massachusetts also discussed two different digital advertising taxes, a 5% tax and a 5-15% tax. Connecticut ’s levy of 10% tax on revenues for large platforms ($10B global) appears to have gone to a public hearing 10 months ago. New York ’s, a tax of 2.5-10%, 10%, is in a committee in that state’s Senate.

Maryland 244

Maryland West Virginia Tax Connecticut 244

Accounting Today

MARCH 26, 2024

The Massachusetts Society of CPAs released a report that identified widespread racial and ethnic disparities in the profession.

Massachusetts 130

Massachusetts cpas Account accountant 130

PYMNTS

JANUARY 8, 2021

16, Massachusetts securities regulators filed a complaint against Robinhood alleging that the company aggressively marketed to inexperienced investors and failed to implement controls to protect them, violating state laws and regulations.

Massachusetts 145

Massachusetts accounting and finance Legal Retail 145

CPA Practice

MARCH 21, 2024

By Dave Eisenstadter, masslive.com (TNS) A 17-year veteran of the IRS was arrested on Wednesday and charged with filing false personal tax returns for three years and underreporting about $90,000 worth of income, according to Acting U.S. Attorney Joshua Levy’s office.

tax return 98

tax return Massachusetts Tax income tax 98

TaxConnex

DECEMBER 5, 2023

Membership fees paid solely in consideration for admission to “discount” department stores, retail outlets and wholesale clubs are not subject to Massachusetts sales tax, for instance. Retail Again, this sales tax on this kind of membership varies greatly by state.

South Carolina 264

South Carolina Sales Tax West Virginia 264

TaxConnex

MARCH 9, 2023

Massachusetts legislators seem to be leading the way, with multiple draft bills that would adopt a digital advertising services tax on commercial data collection or the sale of personal information. The tax is imposed on persons with more than $100,000 of digital advertising services in Massachusetts.

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Sales Indiana Tax Massachusetts 147