 |
|
We're working to keep you informed in a world that changes by the minute. If you have anything you'd like to share, or if we can help you in any way, please reach out to Zach Donah at zdonah@masscpas.org or 617.303.2411, or Larry Liuzzo at lliuzzo@masscpas.org or 617.303.2405.
|
Amy Pitter, MassCPAs President & CEO, Featured in
Boston Globe
Editorial to Overhaul MA Estate Tax
|
MassCPAs President & CEO, Amy Pitter, was recently featured in a Boston Globe
editorial arguing for a long-overdue update to the MA estate tax code. The editorial referenced legislation that would, in part, increase the tax exemption threshold from $1 million to $2.75 million per person and ensures that only the value of the estate above that amount is taxed, not the entire estate.
We have been longtime supporters of such legislation and plan to submit testimony in support of
House bill 2881,
An Act relative to the Massachusetts estate tax code,
once a hearing is scheduled for later in this legislative session.
We will update you with more information as we receive it.
|
MA Department of Revenue: Special Rules for Remote Workers End Monday, 9/13
|
The special rules for wages or other compensation paid to employees working remotely due to the COVID-19 pandemic end
Monday, September 13, 2021.
|
Major Update to Workforce Training Fund
|
Your upcoming CPE with us could be free, thanks to a recent change to the State Workforce Training and Express Fund! This program provides resources to MA businesses to fund training for employees.
On July 21, 2021, they announced an increase to the reimbursement from 50% to 100% for firms/companies with fewer than 100 employees, and 50% reimbursement for firms/companies with 100 or more employees. All MassCPAs conferences and seminars qualify for this program, so work with us to save on your CPE! You must be registered three weeks in advance of the course to qualify, so don’t delay!
|
Small Business Administration (SBA)
to Streamline Paycheck Protection Program (PPP) Forgiveness for Most Loans
|
Last week, the SBA announced plans to launch an online portal that will allow most PPP recipients to apply for loan forgiveness directly with the agency. This is part of the SBA’s initiative to speed up forgiveness for recipients of $150,000 or less.
To access the Direct Forgiveness Portal, click here.
|
DOR & IRS Updates
|
|
|
Guidance for Paycheck Protection Program (PPP)
|
|
|
 |
 |
 |
