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

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

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

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

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

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

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

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 accountant Account 98

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 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

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

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

MAY 12, 2023

The Massachusetts Society of Certified Public Accountants (MassCPAs) has awarded 51 scholarships totaling $175,000 to students from across the state as part of the MassCPAs Educational Foundation Scholarship Program. The mission of the Foundation is to inspire and support the next generation of CPAs in Massachusetts.

Massachusetts 52

Massachusetts cpas Education public accounting 52

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

CPA Practice

AUGUST 28, 2023

The Massachusetts Society of Certified Public Accountants (MassCPAs), in partnership with the American Institute of Certified Public Accountants (AICPA) Women’s Initiatives Executive Committee, today announced the seven honorees of the 2023 Women to Watch Awards.

Massachusetts 52

Massachusetts cpas accounting principles CPA 52

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

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

PYMNTS

DECEMBER 16, 2020

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. Robinhood offers a brokerage app that is often favored by inexperienced investors.

Massachusetts 71

Massachusetts 71

PYMNTS

JUNE 22, 2020

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 52

Massachusetts New Jersey New York Hospitality 52

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

Accounting Today

MAY 6, 2024

Governor Maura Healey's $4 billion housing bond bill, the state's biggest-ever investment in its residential stock, includes a provision allowing cities to impose a transfer fee of 0.5% to 2% on property sales exceeding $1 million.

Massachusetts 72

Massachusetts Tax Sales 72

Accounting Today

MAY 22, 2024

If the current trend continues, more than 96,000 residents making a combined $19.2 billion in adjusted gross income are set to leave the state annually by 2030.

Massachusetts 72

Massachusetts Tax 72

Accounting Today

JUNE 5, 2024

The IRS is pushing back filing and payment deadlines for those impacted by last September's storms and flooding.

Massachusetts 78

Massachusetts Tax 78

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 245

Sales South Dakota Tax South Carolina 245

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

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 242

South Dakota North Dakota Massachusetts E-commerce 242

PYMNTS

JULY 14, 2020

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). . Attorney General Maura Healey’s Fair Labor Division has filed suit for declaratory judgment in Suffolk Superior Court against Uber Technologies Inc.

Massachusetts 61

Massachusetts California Technology 61

Insightful Accountant

NOVEMBER 7, 2024

This week's Top ProAdvisor Profile focuses on Stephanie Elia of Elia Business Services of South Easton, Massachusetts.

Massachusetts 98

Massachusetts 98

Accounting Today

OCTOBER 10, 2024

If the Massachusetts legislature fails to sign off on a proposal to temporarily raise commercial rates before the end of next month, Mayor Michelle Wu said the city would need a tax increase.

Massachusetts 72

Massachusetts Tax 72

Accounting Today

SEPTEMBER 4, 2024

The Massachusetts Society of CPAs teamed up with the Indiana Society of CPAs, the Tennessee Society of CPAs and CPA Crossings to highlight the competencies deemed essential for aspiring CFOs.

CPA 116

CPA Tennessee Indiana cpas 116

CPA Practice

JUNE 21, 2024

A Florida man pleaded guilty yesterday to evading taxes on income he earned from commercial fishing in Massachusetts. District Court for the District of Massachusetts will determine any sentence after considering the U.S. Levy for the District of Massachusetts made the announcement. Attorney Joshua S. Trial Attorney Matthew L.

Florida 98

Florida Rhode Island Massachusetts Tax 98

PYMNTS

APRIL 5, 2018

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. as well as the credit card numbers of approximately 209,000 people.

Massachusetts 43

Massachusetts Legal 43

CPA Practice

AUGUST 27, 2024

Once you hit the $1 million threshold, you pay more state tax in Massachusetts. In 2022, it was approved by Massachusetts voters that personal income taxpayers “must pay an additional 4% surtax on taxable income over $1,000,000,” according to Mass.gov. It’s not like Tennessee or Florida or Nevada.

Massachusetts 95

Massachusetts income tax Nevada Tennessee 95

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

PYMNTS

SEPTEMBER 21, 2020

The “PlexCoin” owner allegedly harnessed Stripe accounts as part of the effort and “and illegally obtained funds from 22 investors in Massachusetts,” according to the announcement.

Massachusetts 68

Massachusetts Education Sales accountant 68

CPA Practice

NOVEMBER 18, 2024

In Massachusetts , a ballot measure would have gradually increased the state’s minimum wage for tipped workers—now at $6.75 The National Restaurant Association and its state chapter poured about a million dollars into a campaign against the measure, according to the Massachusetts Office of Campaign and Political Finance.

Massachusetts 52

Massachusetts Arizona California Nebraska 52

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 154

Tax Massachusetts income tax tax return 154