Individuals get Covid-19 income tax relief

Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus (COVID-19) pandemic. The Treasury Department and IRS announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer making federal income tax payments, […]

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Abbott Pratt Quick Tax Tip → Let the Filing Season Begin

The new year is almost upon us! With each new year comes the compliance aspect of taxes – the preparation and filing of returns. As an employer it is your obligation to make sure all filings are done in a timely manner. Be sure to have Forms W-2, W-3, and 1099-Misc information returns complete and […]

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Is Massachusetts DUA Charging You Monthly?

Here’s why the Massachusetts Department of Unemployment Assistance might now be charging you monthly. If you have an employee covered by MA health, employers are now responsible to pay up to $750 per employee per year to the MA DUA. This payment is based on 5% of the first $15K of the employee’s wages. The […]

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