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Massachusetts Enforces Sales and Use Tax on Remote Vendors Following ‘Wayfair’ Decision
Posted by Tarra Curran on Tue, Sep 18, 2018 @ 05:14 PM

In the aftermath of the Wayfair Supreme Court decision, Massachusetts recently released additional information about its sales tax policy for remote vendors. The Technical Information Release 18-8, Tax Jurisdiction Over Internet Vendors Prior to and Subsequent to Wayfair, Inc. v. South Dakota (TIR 18-8) clarifies the state Department of Revenue’s position on the types of activities that would require an out-of-state business to collect and remit sales tax in Massachusetts.

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Topics: Massachusetts, economic nexus, Sales Tax, sales and use tax, nexus, Wayfair, South Dakota vs Wayfair, remove vendors

How Does Mandatory Sick Time Affect My Organization?
Posted by Cap Willey on Fri, Dec 8, 2017 @ 03:05 PM

In September 2017, Rhode Island became the latest state to mandate paid sick time for employees who work within the state. State-mandated paid sick time is becoming more prevalent. Eight states across the country require it, including Massachusetts, Vermont, and Connecticut.

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Topics: Massachusetts, Cap Willey, Grafton Cap Willey, Connecticut, Rhode Island, Vermont, Sick leave, paid sick time

Massachusetts Passes New Internet Sales Tax Requirements
Posted by Tarra Curran on Wed, Sep 27, 2017 @ 06:26 PM

Massachusetts recently updated its sales and use tax requirements for vendors making online sales. Rules in 830 CMR 64H.1.7 clarifies which out-of-state businesses would be required to register, collect and remit state sales or use tax for their online sales to state residents. The state issued the changes in part to keep up with the changing retail landscape, which increasingly involves online transactions from businesses without brick-and-mortar locations within the state.

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Topics: Tarra Curran, Massachusetts, Taxes, nexus, tax nexus, Out-of-State Taxes

Decrease in Tax Collections Spells Trouble for New England State Budgets
Posted by Cap Willey on Thu, Jun 29, 2017 @ 08:22 AM

Tax collections were lower than expected in Massachusetts, Rhode Island and Connecticut, leaving the states scrambling to minimize the damage to their budgets. New England isn’t alone in state taxation troubles. The National Association of State Budget Officers reported last fall that 25 states had collections below their budget forecasts in the 2016 fiscal year and 24 reported lower-than-estimated general fund revenues for 2017.

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Topics: Massachusetts, State tax, Cap Willey, Rhode Island Budget, state and local tax (SALT), new england state and local tax, Grafton Cap Willey, RI Budget, MA Budget, Connecticut

Patrick Signs Massachusetts Economic Development Bill
Posted by Tarra Curran on Tue, Aug 26, 2014 @ 09:29 AM

On August 13, 2014 Massachusetts Governor Deval Patrick signed a $77.8 million economic development bill focused on investments in education, innovation and infrastructure. The new law expands the research and development tax credit, creates multiple initiatives to accelerate job growth and promotes the economic revitalization of the Commonwealth’s Gateway Cities through a $15 million shot in the arm for the Gateway Cities Transformative Development Fund. 

In announcing the passage of H.4377, An Act To Promote Economic Growth in the Commonwealth, Patrick said, “In important ways, this legislation improves existing tools and provides a few new ones to continue our strong job growth, and I thank the Legislature for being so responsive. At the same time, we have unfinished business, so I am filing further legislation today to give innovators and municipalities all the tools they need to grow jobs and opportunity.”

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Topics: Tarra Curran, Massachusetts, Economic Development Bill, alert

Massachusetts FY2015 Budget Includes Several Tax Changes
Posted by Tarra Curran on Fri, Jul 18, 2014 @ 09:18 AM

Authors: Tarra Curran, CPA, MST and Leo Drury, CPA

Massachusetts Gov. Deval Patrick on July 11, 2014 signed into law the Commonwealth’s $36.5 billion FY2015 budget, which includes a number of business and tax-related topics, among them authorizing a tax amnesty program, clarifying how corporations compute net worth for excise tax purposes, and delaying the FAS 109 deduction.

At the same time, the governor issued $16.1 million in non-tax-related, line-item spending vetoes, including $2.2 million for the Department of Correction, $1.8 million for state parks and recreation, and $549,000 for a state dam program. The new budget also eliminates earmarks for a variety of smaller projects.

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Topics: Tarra Curran, Massachusetts, FY2015 Budget, Leo Drury

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

Massachusetts Life Sciences Tax Incentive Program - 2012 Update
Posted by Michael Corrente on Tue, Sep 4, 2012 @ 09:23 AM

Applications Now Being Accepted

Deadline: October 25, 2012 noon.

Author: Michael Corrente

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Topics: Michael Corrente, Tax incentive, life sciences, Massachusetts, tax-exempt

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