News & Updates

IRS increases the standard mileage rate for business use in 2025; key rate increases 3 cents to 70 cents per mile

Prepare to file in 2025: Get Ready for tax season with key updates, essential tips

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IRS recovers billions in tax, financial criminal cases focused on drug trafficking, terrorist financing; launches new business online account features

Featuring a BOI Update, the DOR releasing a working draft on computer software and related transactions and more.

The executive summary of MassCPAs’ 2024 Compensation and Benefits for Accounting Firm Leadership: A Strategic Guide provides critical insights into the compensation, recruitment and retention challenges faced by CPA firms in Massachusetts, Maine and Rhode Island.

IRS urges many retirees to make required withdrawals from retirement plans by year-end deadline

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National Tax Security Awareness Week, Day 5: Tax pros urged to guard against identity theft with updated Written Information Security Plan

National Tax Security Awareness Week, Day 4: Security Summit urges updating digital security to protect businesses, taxpayers from identity theft scams

IRS Criminal Investigation releases FY24 Annual Report; details agency’s global reach, billion-dollar impact

Featuring the Federal Court halting beneficial ownership reporting requirements, FY25 budget planning at the State House and more.

National Tax Security Awareness Week, Day 3: Guard against fraudsters with an IRS identity protection PIN

IRS requests applications for 2025 ETAAC membership

IRS alert: Charitable contribution scams on the rise; taxpayers beware of those promoting fraudulent schemes

DOR Update

National Tax Security Awareness Week, Day 2: IRS, Security Summit partners urge people to watch out for bad tax advice on social media

IRS announces 2025 grants for the Tax Counseling for the Elderly and Volunteer Income Tax Assistance Program

IRS warns of holiday scams, encourages protecting sensitive personal information as 9th annual National Tax Security Awareness Week starts

IRS provides transition relief for third-party settlement organizations; Form 1099-K threshold is $5,000 for calendar year 2024