The Work Opportunity Tax Credit is a general business credit available to employers who hire people from targeted groups who face significant barriers to employment. These targeted groups include certain veterans, recipients of supplemental security income benefits, formerly incarcerated individuals, summer youth employees, and vocational rehabilitation referrals. This credit encourages workplace diversity and creates access to [...]
This article was published by the IRS. The Internal Revenue Service is urging employers to be aware of the January deadline to file Forms W-2 and other wage statements. Filing these documents timely helps employers avoid penalties and helps the IRS in fraud prevention. A 2015 law made it a permanent requirement that employers file copies [...]
A Massachusetts tax professional can help prepare your taxes or represent you in an appeal or collection case. So, how do you find the right tax professional for you? You can do so through one of these professional member organizations: the Massachusetts Society of Enrolled Agents (whose tax practitioners are licensed by the Department of Treasury [...]
This article was published by the IRS. Some businesses and other payers take backup withholding from payments they made to certain people. These entities should remember their upcoming filing deadlines. What is backup withholding? The person or business paying the taxpayer doesn't generally withhold taxes from certain payments. They don't do this because it's assumed the [...]
This video tutorial will show you how to register for Paid Family and Medical Leave (PFML) contributions as a business that already has a MassTaxConnect account. If you do not have a MassTaxConnect account, you should first learn how to register a new business on MassTaxConnect. To begin the registration for a PFML account, select the [...]
