News & Updates

The beneficial ownership information (BOI) reporting requirement requires small businesses, including small CPA firms, to report information on the owner of an entity beginning on January 1, 2024. In December, the U.S. House of Representatives passed legislation that would provide a one-year delay to the start of the rule.

By Trish Foster

FREE articles, tips, calculators, checklists, webinars, letters and downloadable materials.

Every year MassCPAs holds a CPA Day of Service - a perfect opportunity for your organization to come together as a team, give back to the local community and unite with other members of the CPA profession!

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DOR Update

IRS seeks membership nominations for the 2025 Internal Revenue Service Advisory Council; establishes new Subcommittee on Fairness in Tax Administration

IRS releases 2023 Data Book describing agency’s transformation through statistics

Featuring Mayor Wu filing legislation that would allow Boston to raise taxes on commercial properties to prevent the tax burden from shifting to residential owners and more.

Be ready for next year: IRS Tax Withholding Estimator helps ensure withholdings are correct for 2024

IRS updates frequently asked questions for the energy efficient home improvement and residential clean energy property credits

IRS revised frequently asked questions for the New, Previously Owned and Qualified Commercial Clean Vehicle Credits

Treasury, IRS issue frequently asked questions related to the tax treatment of work-life referral services provided to employees

IRS delivers strong 2024 tax filing season; expands services for millions of people on phones, in-person and online with expanded funding

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Treasury, IRS issue corrected census tracts for the Qualified Alternative Fuel Vehicle Refueling Property Credit

IRS.gov offers last-minute filing tips, resources to help taxpayers who still need to file before April 15; special Saturday hours in 70 locations

Need more time to file a federal tax return? It’s easy with IRS Free File

Dirty Dozen: Bogus tax avoidance strategies, schemes with an international element wrap up annual taxpayer awareness campaign

Featuring the MA House of Representatives releasing its version of a $58 billion FY25 budget and more.