News & Updates

Yesterday, Governor Maura Healey and members of her Administration continued to showcase the new $1 billion tax reform package that was signed into law by the Governor earlier in the month. This package was passed by the Legislature earlier this year.  

IRS encourages employers to electronically file payroll tax returns

On Tuesday, the Joint Committee on Financial Services held a public hearing and MassCPAs backed bill, S.910 – An Act relative to the financial statement review and financial statement audit thresholds for Massachusetts public charities – was heard.     

Featuring information on Governor Healey’s tax reform tour, a CPA Exam update and more.

Last month, Governor Maura Healey filed a supplemental budget that will enable the Commonwealth to close out Fiscal Year 2023 (FY23).

IRS 2024 PTIN renewal period underway for tax professionals

IRS: Beware of fake charities; check before donating

Volunteers needed across the country for free tax services

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IRS launches new initiatives using Inflation Reduction Act funding to ensure large corporations pay taxes owed; continues to improve service and modernize technology with launch of business tax account

Last week, the Department of Revenue (DOR) released an FAQ with information about the 4% surtax on taxable income over $1,000,000. The site has information on who is affected, how to calculate income subject to the surtax, filing requirements and more.

Yesterday, Governor Maura Healey rolled out a five-year, $41.12 billion housing bond bill. The package includes funding and policy to reform the Commonwealth’s housing programs and invest in the state’s housing authorities.   

IRS announces withdrawal process for Employee Retention Credit claims; special initiative aimed at helping businesses concerned about an ineligible claim amid aggressive marketing, scams

Featuring Governor Maura Healey rolling out a five-year, $41.12 billion housing bond bill, the DOR releasing an FAQ with information about the 4% surtax on taxable income over $1,000,000 and more.

DOR Update

IRS advances innovative Direct File project for 2024 tax season; free IRS-run pilot option projected to be available for eligible taxpayers in 13 states

Most popular seminars at the 2023 IRS Nationwide Tax Forums now available online

IRS announces 2024 Tax Counseling for the Elderly and Volunteer Income Tax Assistance Program Grants

For California storm victims, IRS postpones tax-filing and tax-payment deadline to Nov. 16

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