This is the last day people had to file their returns in a timely manner and pay any taxes due. Learn how to file your income tax return, make a payment, check the status of your refund, and more. The state of Massachusetts has a flat corporate income tax rate of 8.00% on all income on […]

You don’t necessarily have to live in Massachusetts to pay Massachusetts state income tax. The state of Massachusetts does have an estate tax that ranges from 0.8% to 16% depending on the size of the estate. Out-of-state vendors who sell meals in Massachusetts generally have the same responsibilities as Massachusetts vendors. Please note, you can only use […]

An effective operating budget ensures that nonprofits allocate their resources wisely, prioritize their activities, and stay on course toward their goals. In the world of nonprofit organizations, mission-driven success and sustainability are paramount. The ability to make a positive impact in the communities they serve hinges on effective financial management. One of the key pillars […]

These expenses include things like payroll, rent, utilities, contractors, fundraising costs, and more. However, many donor prospects and watchdog organizations compare overhead and programming expenses as a shorthand for a nonprofit’s health, effectiveness, and perceived credibility. At this point, the budget committee should have a draft budget ready and do a thorough https://www.bookstime.com/articles/accountant-for-independent-contractors review of […]