Understanding Taxes
Understanding and managing taxes is an important part of running a successful business.
Tax Responsibilities by Business Type
Most businesses are required to pay tax based on business income. The type of tax as well as the necessary forms required, however, differ depending on how the business is organized. Click here for tax guidelines specific to sole proprietorships, partnerships, LCCs, Corporations and more. -From the Department of Revenue (DOR)
Employer Tax Responsibilities
As an employer, you have certain tax obligations to fulfill. Click to view an overview of these responsibilities.
State Job Creation and Building Investment Tax Credits
The Economic Development Incentive Program gives tax incentives to businesses that create jobs and foster business growth. To see if you're eligible for these tax savings, click here. -From the Executive Office of Housing & Economic Development (EOHED)
Credit for Multi-State Organizations
If your company has multi-state tax filings, it may qualify for a reduced tax burden under Massachusetts' Single Sales Factor tax laws. To find out if your company is eligible for this significant tax reduction, click here. -From the Executive Office of Housing & Economic Development (EOHED)