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Reilly Manufacturing Advisor

How to maximize the Massachusetts Investment Tax Credit (ITC)

Nov 21, 2017

The Massachusetts Investment Tax Credit (ITC) is a valuable credit for manufacturers, but without careful planning the credit can be minimized or eliminated even if the corporation purchased eligible machinery and equipment.

Reilly Manufacturing Advisor

Advantages of being a Massachusetts manufacturing corporation

Nov 21, 2017

Four state tax incentives afford manufacturers a significant advantage to being located in Massachusetts. But businesses must obtain the state’s manufacturing corporation classification in order to utilize the tax breaks.

Reilly Manufacturing Advisor

Manufacturers can save on labor costs for new hires

Nov 21, 2017

The Massachusetts On-the-Job Training Program (OJT) helps employers reduce the costs of hiring and training new employees.

Reilly Manufacturing Advisor

Massachusetts manufacturers eligible for job creation incentive programs

Nov 21, 2017

Several "Economic Development Incentive Programs" help manufacturers defray the costs of hiring and training workers.

Reilly Tax Advisor

Massachusetts offers two-month tax amnesty to individuals and businesses

Jan 18, 2016

The Commonwealth of Massachusetts will offer individual and business taxpayers an opportunity to come clean on back taxes owed without incurring penalties, the state’s Department of Revenue has announced.

Reilly Tax Advisor

Massachusetts DOR will transition to new online business tax payment system Nov. 30

Nov 17, 2015

Business taxpayers and tax practitioners in Massachusetts will start using the commonwealth's new MassTaxConnect online tax payment system when it goes live on Monday, Nov. 30.

Reilly Tax Advisor

Massachusetts two-month ‘Tax Amnesty’ program waives penalties for individuals and businesses

Mar 24, 2015

Massachusetts taxpayers who owe certain overdue business or individual taxes to the commonwealth may have an opportunity to pay those taxes without penalties under a two-month amnesty program that started March 16 and extends through May 15.

Reilly Tax Advisor

2014 Massachusetts Tax Changes

Jan 12, 2015

The Commonwealth of Massachusetts has adopted several tax code changes that will affect taxpayers for the 2014 tax year. Here are the highlights.

Reilly Tax Advisor

New Massachusetts tax incentive encourages support of community development corporations

Nov 04, 2014

The Community Investment Tax Credit (CITC) provides a 50% state tax credit for donations of $1,000 to $2 million to qualified community development corporations. Some 51 CDCs in the commonwealth are certified to receive these donations.

Reilly Tax Advisor

Massachusetts ‘Tax Amnesty’ program waives penalties for individuals and businesses

Sep 05, 2014

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