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New Market-Based Sourcing Rules May Significantly Impact Architecture and Engineering Firms
Posted by Tarra Curran on Mon, May 19, 2014 @ 09:02 AM

Authors: Tarra Curran, CPA, MST and Dave Swan, CPA

Last July Massachusetts’ lawmakers voted to switch the rules for sourcing sales of services in its income apportionment formula, moving from a statutory “cost of performance” method to a “market-sourcing” approach. Architecture and engineering firms have been using the cost of performance method for quite some time so this rules change represents a significant change in how they will apportion their income.

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Topics: David Swan, Tarra Curran, Market-Based Sourcing in Massachusetts, Market-Based Sourcing

DOR Releases Guidance on Market-Based Sourcing
Posted by Tarra Curran on Tue, Apr 15, 2014 @ 05:42 PM

In July 2013 Massachusetts lawmakers voted to switch the rules for sourcing sales of services in its income apportionment formula, moving from a statutory “cost of performance” method to a “market-sourcing” approach. The Massachusetts Department of Revenue (DOR) predicts that the new law will generate up to $37 million annually. In addition to increasing revenue, the new rules are intended – at least in part – to eliminate the many disputes between DOR and taxpayers regarding interpretation of the old cost of performance rules. 

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Topics: Tarra Curran, Market-Based Sourcing in Massachusetts, Market-Based Sourcing, The Massachusetts Department of Revenue, DOR

Market-Based Sourcing in Massachusetts to Begin in 2014
Posted by Tarra Curran on Thu, Sep 5, 2013 @ 09:16 AM

As part of the newly enacted transportation finance bill, effective in 2014, the Commonwealth amended the apportionment formula for multi-state taxpayers to reflect market-based sourcing.

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Topics: Tarra Curran, Market-Based Sourcing in Massachusetts, tax, Claudia Mullen

Massachusetts Enacts Sales and Use Tax on Computer Services, and Market-Based Sourcing
Posted by Claudia Mullen on Wed, Aug 7, 2013 @ 07:06 AM

Attention businesses in Massachusetts: You are likely to pay more in sales and use taxes due to the Commonwealth’s newly passed finance law.

Massachusetts lawmakers voted on July 26, 2013 to override Gov. Deval Patrick’s veto of a proposed transportation finance bill (H. 3535). The newly passed legislation – which earmarks about $800 million per year to transportation needs – is intended to remedy some of the Commonwealth’s most pressing MBTA, road and bridge problems, and limit MBTA fare increases to 5 percent each year. (In 2012, MBTA fares rose 23 percent.)

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Topics: Market-Based Sourcing in Massachusetts, Market-Based Sourcing, Massachusetts, computer and software services, Claudia Mullen, Sales Tax, sales sourcing, sales and use tax

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