By: Joe Hunt
On September 15, 2020, Massachusetts announced the extension of administrative tax relief measures for certain small businesses. Sales taxes, meals taxes, and room occupancy taxes originally due to the Commonwealth from March 2020 through April 2021 are deferred until May 2021.
To qualify for the deferral, Massachusetts businesses must have collected less than $150,000 in regular sales plus meals tax – or $150,000 in room occupancy taxes – in the 12-month period ending February 29, 2020. Massachusetts businesses who do not meet these thresholds will still benefit from limited tax relief in the form of waived late-file and late-pay penalties.
Learn more about the MA Administrative Tax Relief or contact Joe Hunt directly.