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We're working to keep you informed in a world that changes by the minute. If you have anything you'd like to share, or if we can help you in any way, please reach out to Zach Donah at zdonah@mscpaonline.org or 617.303.2411, or Larry Liuzzo at lliuzzo@mscpaonline.org or 617.303.2405.
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Massachusetts Receives Federal Grant for Additional Unemployment Benefits
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This week, the Federal Emergency Management Agency (FEMA) approved Massachusetts’ application to receive grant funding “to pay an additional weekly unemployment benefit to claimants under the federal Lost Wages Supplemental Payment Assistance (LWA) program.”
The Massachusetts Department of Unemployment Assistance (DUA) stated “the grant will fund an additional $300 weekly payment to those who are eligible for the three weeks ending August 1, August 8 and August 15” and expects to have those funds delivered retroactively by September 15. These benefits will be automatically added to all eligible claimants currently receiving benefits.
For more information on the DUA, click here.
Please note: If you believe you may have had a false unemployment claim filed using your identity, contact the DUA here or at 877.626.6800. Additional information on this will be posted here as it becomes available.
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$2 Million Ad Campaign: Buy, Shop and Travel Local
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With the annual sales tax holiday weekend starting this Saturday, August 29, Governor Baker and Lt. Governor Polito announced a $2 million advertisement campaign encouraging Massachusetts residents to buy, dine and travel locally.
For more information on the upcoming sales tax holiday weekend, click here. To view a list of restaurants, stores and attractions across Massachusetts, click here.
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Massachusetts Primary Elections: Tuesday, September 1
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The Massachusetts primary elections are less than two weeks away! There are Republican and Democrat primaries for nomination to the U.S. Senate as well as a number of congressional, state and county primary elections depending on your voting district.
Click here to learn who is on the ballot, your polling location and more.
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Deadline to Comment on Proposed UAA Model Rule Change is Monday, August 31
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Guidance for Paycheck Protection Program (PPP)
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DOR & IRS Updates
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Massachusetts DOR: Keep Good Records
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In its “Hot Topics at DOR,” the Department of Revenue (DOR) is encouraging sole proprietorship, partnerships and corporate entities to keep good, organized records that will “help you prepare accurate sales or meals tax returns throughout the year…and an accurate year-end return reporting your business income.”
As the DOR has received a few inquiries on some audits conducted, they started a campaign to educate business owners on the importance of good recordkeeping and choosing a point of sale (POS) system that meets the criteria outlined in Massachusetts DOR Directive 16-1.
To read the DOR’s record retention regulation, click here.
To read the Massachusetts DOR Directive 16-1, click here.
To subscribe to receive news and updates from the Massachusetts DOR, click here.
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Resources for CPAs
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