Posts Tagged ‘Massachusetts’

Starting August 1, 2009, the Massachusetts sales tax is 6.25 percent of the sales price or rental charge of tangible personal property or specified telecommunications products and services sold or rented in the Commonwealth.

It is possible to lower your tax bill by having a Massachusetts business lawyer coming in and going over your records. There are many laws and exceptions within the tax rules and you may not be aware of all of the deductions you can make. Tax preparation for business should actually be considered a full time job as your tax lawyer will need to keep himself or herself updated on all the new changes being made with taxes and how you can benefit.

Gov Patrick has sent his budget proposal to the Massachusetts House and Senate. They will work on constructing their own version of the budget proposal and then send it back over. The 2011 fiscal budget proposal is for 28.2 billion. The new fiscal year starts on July, 1.